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8-1-31-5. "Eligible infrastructure improvements"

IN Code § 8-1-31-5 (2019) (N/A)
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Sec. 5. As used in this chapter, "eligible infrastructure improvements" means new used and useful water or wastewater utility distribution or collection plant projects that:

(1) do not increase revenues by connecting to new customers; and

(2) either:

(A) for a public utility:

(i) are in service; and

(ii) were not included in the public utility's rate base in its most recent general rate case; or

(B) for a municipally owned or not-for-profit utility:

(i) are in service;

(ii) were not included on the utility's balance sheet as plant in service in the utility's most recent general rate case; and

(iii) are not subject to another rate adjustment mechanism.

As added by P.L.94-2000, SEC.1. Amended by P.L.209-2014, SEC.6; P.L.212-2015, SEC.2; P.L.91-2017, SEC.6.

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8-1-31-4. Repealed
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8-1-31-5.2. "Eligible utility"