First reading: referred to Committee on Utilities, Energy and Telecommunications
Summary
The bill would bar Indiana public utilities from recovering a rate of return on any asset retirement obligations when they retire a generation resource early—before the date set in their integrated resource plan or before the asset’s useful life—so long as the retirement isn’t required by environmental law and the regulator does not prohibit it. It applies to rate cases filed after Dec. 31, 2026 and also updates related depreciation rules. The goal is to limit utilities’ financial incentives to keep older plants running.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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