Limit on total adjustment revenues; exceptions
Ind. Code § 8-1-31-13
in effectSec. 13. (a) The commission may not approve a petition filed under section 8 or 10 of this chapter to the extent it would:
(1) for a public utility, produce total adjustment revenues exceeding ten percent (10%) of the eligible utility's base revenue level approved by the commission in the eligible utility's most recent general rate proceeding; or
(2) for a municipally owned or not-for-profit utility, produce total adjustment revenues over the course of each twelve (12) month recovery period that exceed ten percent (10%) of the eligible utility's base revenue level approved by the commission in the eligible utility's most recent general rate proceeding.
(b) Subsection (a) does not apply to:
(1) infrastructure improvement costs associated with eligible infrastructure improvements that are placed in service due to the construction, reconstruction, or improvement of a highway, street, or road (as defined in IC 8-23-1.1-22), including projects under IC 8-25; or
(2) property taxes associated with eligible infrastructure improvements.
As added by P.L.94-2000, SEC.1. Amended by P.L.209-2014, SEC.12; P.L.45-2015, SEC.1; P.L.212-2015, SEC.13; P.L.137-2020, SEC.1; P.L.61-2022, SEC.8; P.L.39-2023, SEC.5; P.L.145-2026, SEC.31.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/8Fetched: 10/17/2026