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DIGEST OF INTRODUCED BILL
Distribution system improvement charges. Provides that electric, gas, and water utilities may implement distribution system improvement charges (DSIC) as needed. (Under current law, only water utilities may implement DSICs.) Requires the utility regulatory commission (IURC) to approve a DSIC unless the DSIC would produce revenues exceeding 5% of the utility's approved base revenues. Permits the IURC to approve a DSIC that produces revenues exceeding 5% of the utility's approved base revenues if the IURC determines that the DSIC is in the best interest of the utility and the utility's ratepayers. Provides that a public utility that implements a DSIC must appear before the IURC at least once every three years for review and revision of the utility's basic rates and charges. (Under current law, a utility must appear before the IURC at least once every four years.) Requires the IURC to proportionately reduce the basic rates and charges of a utility that realizes cost savings from implementing a DSIC.