Indiana Code 8-1-32-7. Public utility ordered to extend water utility service; rate adjustment
Current as of: 2024 | Check for updates
|
Other versions
Sec. 7. If the commission approves the project, the commission shall, at the request of the health agency, direct the local public utility to undertake and complete the project. The commission shall enter such an order only if both of the following apply:
(A) set out in the order; or
(1) The commission’s order authorizes an increase in the local public utility’s water rates in an amount sufficient to cover the local public utility’s depreciation expense related to its investment in the project and provide the local public utility an after-tax return on the undepreciated portion of the project at a rate not less than the rate of return allowed the local public utility on its rate base in its most recent general rate order as:
Terms Used In Indiana Code 8-1-32-7
- commission: refers to the Indiana utility regulatory commission. See Indiana Code 8-1-1-1
- health agency: refers to either of the following:
Indiana Code 8-1-32-3
- project: refers to the extension of water utility service to a subject area. See Indiana Code 8-1-32-4
(B) stipulated by the local public utility and the office of the utility consumer counselor.
(2) The rate adjustment associated with the project will not increase the local public utility’s rates by more than one percent (1%).
As added by P.L.94-2000, SEC.2.