Sec. 17. The commission shall review a petition filed under section 16 of this chapter by an electricity supplier and, after notice and a public hearing, shall approve a rate to be credited to participating customers by the electricity supplier for excess distributed generation if the commission finds that the rate requested by the electricity supplier was accurately calculated and equals the product of:

(1) the average marginal price of electricity paid by the electricity supplier during the most recent calendar year; multiplied by

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Terms Used In Indiana Code 8-1-40-17

  • commission: refers to the Indiana utility regulatory commission created by IC 8-1-1-2. See Indiana Code 8-1-40-1
  • distributed generation: means electricity produced by a generator or other device that is:

    Indiana Code 8-1-40-3

  • electricity supplier: means a public utility (as defined in IC 8-1-2-1) that furnishes retail electric service to customers in Indiana. See Indiana Code 8-1-40-4
  • marginal price of electricity: means the hourly market price for electricity as determined by a regional transmission organization of which the electricity supplier serving a customer is a member. See Indiana Code 8-1-40-6
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) one and twenty-five hundredths (1.25).

As added by P.L.264-2017, SEC.6.

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