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DIGEST OF INTRODUCED BILL
Substitute natural gas contracts. Defines "savings" for purposes of a substitute natural gas (SNG) purchase contract. Amends the definition of "purchase contract". Defines "shortfall". Requires the Indiana finance authority (IFA) to submit a final purchase contract, including amendments, and any other agreements with a producer of SNG to the Indiana utility regulatory commission (IURC). Requires the IFA to determine on a three year cycle if retail end use customers are provided savings or a shortfall under a purchase contract. Requires the IFA to electronically submit its findings to the IURC. Requires the IURC to verify and approve the findings and, if there is a shortfall, order a producer of SNG to provide a refund.