Sec. 3.2. (a) This section applies to an electric utility that submits an integrated resource plan described in section 3(e) of this chapter after June 30, 2021, and before January 1, 2025.

     (b) Except as otherwise provided in this section, the definitions in 170 IAC 4-7 apply throughout this section.

     (c) As used in this section, “electric utility” refers to an electric utility listed in 170 IAC 4-7-2(a).

     (d) As used in this section, “federal phaseout mandate” means any federal statutory or regulatory requirement that:

(1) is established after April 20, 2021, by the Congress of the United States, a federal regulatory agency, or a federal executive order; and

(2) requires the phaseout or discontinuance of a particular type of electric generating facility, technology, or fuel source.

     (e) In reviewing an integrated resource plan submitted by an electric utility after June 30, 2021, the commission shall evaluate the impact of federal phaseout mandates on the estimated useful lives of both:

(1) the existing electric generating facilities of the electric utility; and

(2) any proposed electric generating facilities of the electric utility;

including depreciation expense associated with such facilities, as set forth in the integrated resource plan.

As added by P.L.180-2021, SEC.2.