Indiana 2025 Regular Session Status: Enacted 14 R cosponsors

SB 424 — Small modular nuclear reactor development costs.

Last action — Public Law 48

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 13, 2025. Enacted.

Signed by Governor Mike Braun (Republican) on April 10, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 82% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 15 sponsors

    4 primary, 11 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (14 R).

  • Cleared a recorded vote

    Passed 3 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Amends as follows the Indiana Code section concerning certificates of public convenience and necessity (certificates) for small modular nuclear reactors: (1) Authorizes a public utility to petition the Indiana utility regulatory commission (IURC) for approval to incur, before obtaining a certificate, project development costs for the development of one or more small modular nuclear reactors. (2) Sets forth certain factors that the IURC must consider in reviewing a public utility's petition to incur project development costs. (3) Requires the IURC to issue a final order approving or denying the petition not later than 180 days after receiving the petition and the public utility's complete case in chief, subject to the IURC's right to extend the time for review if the public utility does not object to the extension. (4) Provides that if a public utility receives approval to incur project development costs, the public utility may petition the IURC at any time before or during the development and execution of a small modular nuclear reactor project for the approval of a rate schedule that periodically adjusts the public utility's rates and charges to provide for the timely recovery of project development costs. (5) Provides that after reviewing a public utility's proposed rate schedule, the IURC shall approve the recovery of project development costs by the public utility if the IURC finds that project development costs that have been or will be incurred are: (A) reasonable in amount; (B) necessary to support the construction, purchase, or lease of a small modular nuclear reactor; and (C) consistent with the commission's finding as to the best estimate of project development costs. (6) Provides that a public utility that is authorized to recover project development costs shall: (A) recover 80% of the approved project development costs under the approved rate schedule; and (B) defer the remaining 20% of approved project development costs for recovery as part of public utility's next general rate case before the IURC. (7) Provides that the recovery of a public utility's project development costs through an approved periodic rate adjustment mechanism must occur over a period that is equal to: (A) the period over which the approved project development costs are incurred; or (B) three years; whichever is less. (8) Provides that project development costs that: (A) are incurred by a public utility; and (B) exceed the best estimate of project development costs included in the IURC's order authorizing the public utility to incur project development costs; may not be included in the public utility's rates and charges unless found by the IURC to be reasonable, necessary, and prudent in supporting the construction, purchase, or lease of the small modular nuclear reactor for which they were incurred. (9) Provides that: (A) project development costs incurred for a project that is canceled or not completed may be recovered by the public utility if found by the IURC to be reasonable, necessary, and prudently incurred; but (B) such costs shall be recovered without a return unless the IURC makes certain additional findings. (10) Provides that if a public utility does not seek: (A) approval of; or (B) cost recovery for; project development costs under the bill's provisions, the IURC may approve the deferral and amortization of project development costs in accordance with the statutory procedures set forth for construction costs.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 424 on the official Indiana source →

Action History

  1. Public Law 48

  2. Signed by the Governor

  3. Signed by the President of the Senate

  4. Signed by the Speaker

  5. Signed by the President Pro Tempore

  6. Senate concurred with House amendments; Roll Call 297: yeas 32, nays 15

  7. Motion to concur filed

  8. Returned to the Senate with amendments

  9. Third reading: passed; Roll Call 291: yeas 59, nays 30

  10. Representatives Lehman and Lauer added as cosponsors

  11. Representative Bartels added as cosponsor

  12. Second reading: ordered engrossed

  13. Committee report: amend do pass, adopted

  14. First reading: referred to Committee on Utilities, Energy and Telecommunications

  15. Referred to the House

  16. Third reading: passed; Roll Call 61: yeas 34, nays 14

  17. House sponsor: Representative Soliday

  18. Senators Buck and Raatz added as coauthors

  19. Senator Donato added as coauthor

  20. Senator Maxwell added as coauthor

  21. Senator Schmitt added as coauthor

  22. Second reading: ordered engrossed

  23. Senator Byrne added as coauthor

  24. Senator Zay added as coauthor

  25. Committee report: amend do pass, adopted

  26. Senator Leising added as third author

  27. Senator Buchanan added as second author

  28. Senator Doriot added as coauthor

  29. Authored by Senator Koch

  30. First reading: referred to Committee on Utilities

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

4 sponsors · 11 co-sponsors · 135 not signed on · 47 voted No

Sponsors (4)

Co-sponsors (11)

Not signed on (135)

135 members have not signed on to this bill.

Show all 135 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

SB 424 - Koch

Passed 32 Yea · 15 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 30801
Democrat 1702
Unaffiliated 1000
Total 321503
% of votes cast 64%30%0%6%
How each member voted (50)
Member Party Vote
Zay — Yea
Andrea Hunley Democrat Nay
David Niezgodski Democrat Yea
Fady Qaddoura Democrat Nay
Greg Taylor Democrat Nay
J.D. Ford Democrat Nay
La Keisha Jackson Democrat Nay
Lonnie Randolph Democrat Not Voting
Mark Spencer Democrat Not Voting
Rodney Pol Democrat Nay
Shelli Yoder Democrat Nay
Aaron Freeman Republican Nay
Blake Doriot Republican Yea
Brett Clark Republican Yea
Brian Buchanan Republican Yea
Chris Garten Republican Yea
Cyndi Carrasco Republican Yea
Dan Dernulc Republican Nay
Daryl Schmitt Republican Yea
Ed Charbonneau Republican Yea
Eric Bassler Republican Not Voting
Eric Koch Republican Yea
Gary Byrne Republican Yea
Greg Goode Republican Yea
Greg Walker Republican Yea
James Buck Republican Yea
James Tomes Republican Nay
Jean Leising Republican Yea
Jeff Raatz Republican Yea
Justin Busch Republican Yea
Kyle Walker Republican Nay
Linda Rogers Republican Yea
Liz Brown Republican Yea
Michael Crider Republican Yea
Michael Young Republican Nay
Mike Bohacek Republican Yea
Mike Gaskill Republican Yea
Randy Maxwell Republican Yea
Rick Niemeyer Republican Nay
Rodric Bray Republican Yea
Ron Alting Republican Nay
Ryan Mishler Republican Yea
Scott Alexander Republican Yea
Scott Baldwin Republican Yea
Spencer Deery Republican Yea
Stacey Donato Republican Yea
Susan Glick Republican Yea
Travis Holdman Republican Yea
Tyler Johnson Republican Yea
Vaneta Becker Republican Nay

Official roll call →

SB 424 - Soliday - 3rd Reading

Passed 59 Yea · 30 Nay · 11 Other
Party YeaNayPresentNot Voting
Republican 58508
Democrat 12203
Unaffiliated 0300
Total 5930011
% of votes cast 59%30%0%11%
How each member voted (100)
Member Party Vote
Boy — Nay
Dant Chesser — Nay
Garcia Wilburn — Nay
Alex Burton Democrat Nay
Carey Hamilton Democrat Nay
Carolyn Jackson Democrat Nay
Cherrish Pryor Democrat Nay
Chris Campbell Democrat Nay
Chuck Moseley Democrat Yea
Earl Harris Democrat Nay
Edward DeLaney Democrat Nay
Gregory Porter Democrat Nay
John Bartlett Democrat Nay
Justin Moed Democrat Nay
Kyle Miller Democrat Nay
Matt Pierce Democrat Nay
Maureen Bauer Democrat Nay
Mike Andrade Democrat Nay
Mitch Gore Democrat Not Voting
Philip GiaQuinta Democrat Nay
Ragen Hatcher Democrat Not Voting
Renee Pack Democrat Not Voting
Robin Shackleford Democrat Nay
Ryan Dvorak Democrat Nay
Sheila Klinker Democrat Nay
Sue Errington Democrat Nay
Tonya Pfaff Democrat Nay
Vanessa Summers Democrat Nay
Vernon Smith Democrat Nay
Alaina Shonkwiler Republican Yea
Alex Zimmerman Republican Yea
Andrew Ireland Republican Nay
Beau Baird Republican Not Voting
Becky Cash Republican Nay
Ben Smaltz Republican Yea
Brad Barrett Republican Yea
Bruce Borders Republican Yea
Chris Jeter Republican Yea
Chris Judy Republican Yea
Chris May Republican Not Voting
Cindy Ledbetter Republican Yea
Cory Criswell Republican Yea
Craig Haggard Republican Yea
Craig Snow Republican Yea
Dale DeVon Republican Yea
Danny Lopez Republican Yea
Dave Hall Republican Yea
Dave Heine Republican Yea
David Abbott Republican Yea
Doug Miller Republican Not Voting
Edmond Soliday Republican Yea
Edward Clere Republican Yea
Elizabeth Rowray Republican Yea
Ethan Lawson Republican Yea
Ethan Manning Republican Yea
Garrett Bascom Republican Yea
Gregory Steuerwald Republican Yea
Harold Slager Republican Yea
Heath VanNatter Republican Yea
Hunter Smith Republican Yea
J.D. Prescott Republican Yea
Jack Jordan Republican Yea
Jake Teshka Republican Not Voting
Jeffrey Thompson Republican Yea
Jennifer Meltzer Republican Yea
Jim Lucas Republican Yea
Jim Pressel Republican Yea
Joanna King Republican Not Voting
Julie McGuire Republican Yea
Julie Olthoff Republican Yea
Karen Engleman Republican Yea
Kendell Culp Republican Yea
Kyle Pierce Republican Yea
Lindsay Patterson Republican Nay
Lori Goss-Reaves Republican Yea
Lorissa Sweet Republican Yea
Mark Genda Republican Yea
Martin Carbaugh Republican Yea
Matt Commons Republican Yea
Matt Hostettler Republican Yea
Matt Lehman Republican Yea
Michael Karickhoff Republican Yea
Michelle Davis Republican Yea
Mike Aylesworth Republican Yea
Peggy Mayfield Republican Yea
Robb Greene Republican Yea
Robert Behning Republican Yea
Robert Heaton Republican Yea
Robert Morris Republican Not Voting
Ryan Lauer Republican Yea
Shane Lindauer Republican Not Voting
Steve Bartels Republican Yea
Tim Yocum Republican Yea
Timothy O'Brien Republican Yea
Timothy Wesco Republican Yea
Todd Huston Republican Not Voting
Tony Isa Republican Yea
Tyler Johnson Republican Nay
Wendy McNamara Republican Yea
Zach Payne Republican Nay

Official roll call →

SB 424 - Koch - 3rd Reading

Passed 34 Yea · 14 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 32601
Democrat 1801
Unaffiliated 1000
Total 341402
% of votes cast 68%28%0%4%
How each member voted (50)
Member Party Vote
Zay — Yea
Andrea Hunley Democrat Nay
David Niezgodski Democrat Yea
Fady Qaddoura Democrat Nay
Greg Taylor Democrat Nay
J.D. Ford Democrat Nay
La Keisha Jackson Democrat Nay
Lonnie Randolph Democrat Not Voting
Mark Spencer Democrat Nay
Rodney Pol Democrat Nay
Shelli Yoder Democrat Nay
Aaron Freeman Republican Not Voting
Blake Doriot Republican Yea
Brett Clark Republican Yea
Brian Buchanan Republican Yea
Chris Garten Republican Nay
Cyndi Carrasco Republican Yea
Dan Dernulc Republican Yea
Daryl Schmitt Republican Yea
Ed Charbonneau Republican Yea
Eric Bassler Republican Yea
Eric Koch Republican Yea
Gary Byrne Republican Yea
Greg Goode Republican Yea
Greg Walker Republican Yea
James Buck Republican Yea
James Tomes Republican Nay
Jean Leising Republican Yea
Jeff Raatz Republican Yea
Justin Busch Republican Yea
Kyle Walker Republican Nay
Linda Rogers Republican Yea
Liz Brown Republican Yea
Michael Crider Republican Yea
Michael Young Republican Nay
Mike Bohacek Republican Yea
Mike Gaskill Republican Yea
Randy Maxwell Republican Yea
Rick Niemeyer Republican Yea
Rodric Bray Republican Yea
Ron Alting Republican Yea
Ryan Mishler Republican Yea
Scott Alexander Republican Yea
Scott Baldwin Republican Nay
Spencer Deery Republican Yea
Stacey Donato Republican Yea
Susan Glick Republican Yea
Travis Holdman Republican Yea
Tyler Johnson Republican Yea
Vaneta Becker Republican Nay

Official roll call →

Subjects

public-safety energy
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Frequently asked questions

What does SB 424 do?
Amends as follows the Indiana Code section concerning certificates of public convenience and necessity (certificates) for small modular nuclear reactors: (1) Authorizes a public utility to petition the Indiana utility regulatory commission (IURC) for approval to incur, before obtaining a certificate, project development costs for the development of one or more small modular nuclear reactors. (2) Sets forth certain factors that the IURC must consider in reviewing a public utility's petition to incur project development costs. (3) Requires the IURC to issue a final order approving or denying the petition not later than 180 days after receiving the petition and the public utility's complete case in chief, subject to the IURC's right to extend the time for review if the public utility does not object to the extension. (4) Provides that if a public utility receives approval to incur project development costs, the public utility may petition the IURC at any time before or during the development and execution of a small modular nuclear reactor project for the approval of a rate schedule that periodically adjusts the public utility's rates and charges to provide for the timely recovery of project development costs. (5) Provides that after reviewing a public utility's proposed rate schedule, the IURC shall approve the recovery of project development costs by the public utility if the IURC finds that project development costs that have been or will be incurred are: (A) reasonable in amount; (B) necessary to support the construction, purchase, or lease of a small modular nuclear reactor; and (C) consistent with the commission's finding as to the best estimate of project development costs. (6) Provides that a public utility that is authorized to recover project development costs shall: (A) recover 80% of the approved project development costs under the approved rate schedule; and (B) defer the remaining 20% of approved project development costs for recovery as part of public utility's next general rate case before the IURC. (7) Provides that the recovery of a public utility's project development costs through an approved periodic rate adjustment mechanism must occur over a period that is equal to: (A) the period over which the approved project development costs are incurred; or (B) three years; whichever is less. (8) Provides that project development costs that: (A) are incurred by a public utility; and (B) exceed the best estimate of project development costs included in the IURC's order authorizing the public utility to incur project development costs; may not be included in the public utility's rates and charges unless found by the IURC to be reasonable, necessary, and prudent in supporting the construction, purchase, or lease of the small modular nuclear reactor for which they were incurred. (9) Provides that: (A) project development costs incurred for a project that is canceled or not completed may be recovered by the public utility if found by the IURC to be reasonable, necessary, and prudently incurred; but (B) such costs shall be recovered without a return unless the IURC makes certain additional findings. (10) Provides that if a public utility does not seek: (A) approval of; or (B) cost recovery for; project development costs under the bill's provisions, the IURC may approve the deferral and amortization of project development costs in accordance with the statutory procedures set forth for construction costs.
Who sponsors SB 424?
SB 424 is sponsored by Ryan Lauer (Republican), Matt Lehman (Republican), Steve Bartels (Republican), Edmond Soliday (Republican), Randy Maxwell (Republican), Stacey Donato (Republican), Jeff Raatz (Republican), James Buck (Republican), Daryl Schmitt (Republican), Gary Byrne (Republican), Andy Zay, Blake Doriot (Republican), Jean Leising (Republican), Brian Buchanan (Republican), and Eric Koch (Republican).
What is the current status of SB 424?
This bill has been enacted into law. Introduced January 13, 2025. Enacted.
Where can I track SB 424?
Track SB 424 free on One Click Politics — get push/email alerts when it moves.

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