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House Bill 1117


House Bill 1117

ARCHIVE (2008)

Latest Information

 

DIGEST OF HB1117 (Updated February 19, 2008 2:42 pm - DI 84)


Coal gasification and substitute natural gas. Provides that a taxpayer awarded a coal gasification technology investment tax credit may agree to use less than 100% Indiana coal in the qualifying coal gasification project and qualify for the credit if the taxpayer: (1) wishes to assign the tax credit; and (2) certifies to the Indiana economic development corporation that partial use of other coal is necessary to result in lower rates for Indiana retail utility customers. Changes the definition of "substitute natural gas" to include gas: (1) produced by a facility outside Indiana; and (2) converted from coal from a location other than the Illinois basin. Changes the definition of a "customer choice program" to include customers located in the service area of an electric utility. Provides that when substitute natural gas (SNG) purchase obligations are proportionally assigned due to a customer choice program, the assignee must meet the assignment requirements in the previously approved contract for purchase of the SNG. Amends the definition of "clean coal technology" in various statutes. Defines the term as a technology used at an electric or steam generating facility to reduce or avoid specified airborne emissions that are regulated, or found by the utility regulatory commission (IURC) to be reasonably certain to be regulated, by the federal government, the state, or a political subdivision of the state. Allows an existing electric generating facility to petition the IURC for approval of an airborne emissions project. Requires the IURC to: (1) approve the project if the IURC finds, after notice and hearing, the project to be reasonable and necessary; and (2) provide certain financial incentives for the project. Requires the IURC to provide certain financial incentives to electricity suppliers for implementing electric line facilities projects. Requires certain electricity suppliers to supply specified percentages of their total electricity supply from advanced energy resources or renewable energy resources by specified dates. Establishes the advanced and renewable energy resources fund. Requires an electricity supplier that fails to supply electricity from advanced or renewable energy resources to pay a penalty. Provides that the penalties are deposited in the fund.
Current Status:
 In Conference Committee
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