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Senate Bill 0420


Senate Bill 0420

ARCHIVE (2009)

Latest Information

 
                

DIGEST OF SB420 (Updated April 15, 2009 2:41 pm - DI 84)


Renewable energy. Requires the utility regulatory commission (IURC) to consider in the rate base of a public utility that complies with certain renewable energy standards (RES) one-half of any capital expenditures made by the public utility to extend gas or electric service to a customer that produces biofuels. Requires the IURC to provide certain financial incentives for implementing electric line facilities projects to electricity suppliers that comply with a certain RES. Requires electricity suppliers to comply with an RES by specified dates. Provides that an electricity supplier that does not comply with a higher RES is not eligible for certain financial incentives related to renewable energy development. Makes technical changes.
    Current Status:
     In Conference Committee
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