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Senate Bill 0510

Senate Bill 0510

ARCHIVE (2013)

Latest Information

DIGEST OF SB 510 (Updated April 10, 2013 4:08 pm - DI 103)

Substitute natural gas (SNG) contracts. Requires all parties to a contract concerning SNG that is submitted to the utility regulatory commission (IURC) to submit to the IURC, the governor, and, in an electronic format, the general assembly, the names and percentage interest of all owners of all parties to the contract. Requires the parties to update the information annually. Requires an employee of a producer of SNG to be a resident of Indiana, with certain exceptions. Requires the IURC to conduct an administrative review not later than May 25, 2013, to determine whether the Indiana finance authority or the general assembly should avoid a final purchase contract for SNG due to changing circumstances in the natural gas and coal markets. Requires the IURC to submit an advisory report of the administrative review to the governor and, in an electronic format, the legislative council. Provides that the advisory report is not subject to judicial review. Requires the IURC to study the sales price of natural gas and report the study results to the regulatory flexibility committee in an electronic format not later than November 1, 2013.
    Current Status:
    Passed 2nd reading - 2nd House
    Latest Printing (PDF)