Eric Koch
- Republican
- Senator
- District 44
Author
Amends the statute concerning the acquisition by a utility company of a water or wastewater utility to provide that if: (1) the appraised value of the utility property to be acquired does not exceed $3,000,000; and (2) the purchase price for the utility property is less than the appraised value of the utility property; the acquiring utility company may submit to the Indiana utility regulatory agency (IURC) a filing under a procedure, based on the procedures set forth in the IURC's rules governing 30 day administrative filings, to include in the acquiring utility company's rate base specified costs associated with the acquisition. Sets forth certain information that must be included in an acquiring utility company's filing. Provides that if the IURC approves an acquiring utility company's filing, the IURC: (1) may only authorize that: (A) the full purchase price; and (B) estimated: (i) incidental expenses; and (ii) other costs of acquisition; be recorded as the acquiring utility company's net original cost of acquisition; and (2) shall provide that any estimated: (i) incidental expenses; and (ii) other costs of the acquisition; are subject to a reasonableness review as part of the acquiring utility company's next base rate case. Adds language specifying that the Indiana Code chapter that governs the transfer, acquisition, and improvement of utilities by municipalities applies to a municipally owned natural gas utility (in addition to a municipally owned electric, water, wastewater, or combined water and wastewater utility).
Signed by the Governor
Public Law 34
Signed by the President of the Senate
Signed by the Speaker
Signed by the President Pro Tempore
Senate concurred in House amendments; Roll Call 236: yeas 43, nays 1
Motion to concur filed
Returned to the Senate with amendments
Third reading: passed; Roll Call 179: yeas 90, nays 1
Representative Hall added as cosponsor
Amendment #3 (Pryor) ruled out of order
Second reading: ordered engrossed
Appeal the ruling of the chair (Pryor); ruling of the chair sustained Roll Call 154: yeas 67, nays 28
Appeal the ruling of the chair (Pryor); ruling of the chair sustained Roll Call 155: yeas 65, nays 28
Amendment #2 (Pryor) ruled out of order
Committee report: amend do pass, adopted
First reading: referred to Committee on Utilities, Energy and Telecommunications
Referred to the House
Third reading: passed; Roll Call 67: yeas 48, nays 1
Senator Leising added as second author
Senator Randolph added as coauthor
Senator Charbonneau added as coauthor
House sponsor: Representative Soliday
Second reading: amended, ordered engrossed
Amendment #1 (Koch) prevailed; voice vote
Committee report: amend do pass, adopted
Authored by Senator Koch
| Bill Text Versions | Format |
|---|---|
| Enrolled Senate Bill (S) | |
| Senate Bill (S) | PDF PDF |
| Engrossed Senate Bill (H) | |
| Introduced Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0247.05.ENRH.FN001 |
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