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DIGEST OF INTRODUCED BILL
Rate adjustment mechanisms for utilities. Provides that not later than four years after the effective date of an order of the Indiana utility regulatory commission (IURC) approving a rate adjustment mechanism for an energy utility, the office of utility consumer counselor (OUCC) may file a petition requesting that the IURC review, and revise as necessary, the utility's basic rates and charges. Requires the IURC to use the procedures governing a general rate case in conducting the review.