HB 1007 — Energy generation resources.

Summary

Provides a credit against state tax liability for expenses incurred in the manufacture of a small modular nuclear reactor (SMR) in Indiana. Establishes procedures under which certain energy utilities may request approval for one or more of the following from the Indiana utility regulatory commission (IURC): (1) An expedited generation resource plan (EGR plan) to meet customer load growth that exceeds a specified threshold. (2) A generation resource submittal for the acquisition of a specific generation resource in accordance with an approved EGR plan. (3) A project to serve one or more large load customers. Sets forth: (1) the requirements for approval of each of these types of requests; (2) standards for financial assurances by large load customers; and (3) cost recovery mechanisms for certain acquisition costs or project costs incurred by energy utilities. Amends the statute concerning public utilities' annual electric resource planning reports to the IURC to provide that for an annual report submitted after December 31, 2025, a public utility must include information as to the amount of generating resource capacity or energy that the public utility plans to retire or refuel with respect to any electric generation resource of at least 125 megawatts. Provides that for any planned retirement or refueling, the public utility must include, along with other specified information, information as to the public utility's plans with respect to the following: (1) For a retirement, the amount of replacement capacity identified to provide approximately the same accredited capacity within the appropriate regional transmission organization (RTO) as the capacity of the facility to be retired. (2) For a refueling, the extent to which the refueling will maintain or increase the current generating resource accredited capacity or energy that the electric generating facility provides, so as to provide approximately the same accredited capacity within the appropriate RTO. Requires IURC staff to prepare a staff report for each public utility report that includes a planned electric generation resource retirement. Provides that if, after reviewing a public utility's report and any related staff report, the IURC is not satisfied that the public utility can satisfy both its planning reserve margin requirement and the statute's prescribed reliability adequacy metrics, the IURC shall conduct an investigation into the reasons for the public utility's inability to meet these requirements. Provides that if the public utility's report indicates that the public utility plans to retire an electric generating facility within one year of the date of the report, the IURC must conduct such an investigation. Provides that: (1) a public utility may request, not earlier than three years before the planned retirement date of an electric generation facility, that the IURC conduct an investigation into the planned retirement; and (2) if the IURC conducts an investigation at the request of the public utility within that three year period, the IURC may not conduct a subsequent investigation that would otherwise be required under the bill's provisions unless the IURC is not satisfied that the public utility can satisfy both its planning reserve margin requirement and the statutory reliability adequacy metrics as of the time the investigation would otherwise be required. Provides that if a CPCN is granted by the IURC for a facility intended to repower or replace a generation unit that is planned for retirement, and the CPCN includes findings that the project will result in at least equivalent accredited capacity and will provide economic benefit to ratepayers as compared to the continued operation of the generating unit to be retired, the CPCN constitutes approval by the IURC for purposes of an investigation that would otherwise be required. Provides that if, after an investigation, the IURC determines that the capacity resources available to the public utility will not be adequate to allow the public utility to satisfy both its planning reserve margin requirements and the statute's prescribed reliability adequacy metrics, the IURC shall issue an order: (1) directing the public utility to acquire or construct; or (2) prohibiting the retirement or refueling of; such capacity resources that are reasonable and necessary to enable the public utility to meet these requirements. Provides that if the IURC does not issue an order in an investigation within 120 days after the initiation of the investigation, the public utility is considered to be able to satisfy both its planning reserve margin requirement and the statutory reliability adequacy metrics with respect to the retirement of the facility under investigation. Provides that if the IURC issues an order to prohibit the retirement or refueling of an electric generation resource, the IURC shall create a sub-docket to authorize the public utility to recover in rates the costs of the continued operation of the electric generation resource proposed to be retired or refueled, subject to a finding by the IURC that the continued costs of operation are just and reasonable. Makes a technical change to another Indiana Code section to recognize the redesignation of subsections within the section containing these provisions.

Bill Text

Action History

1. May 06, 2025

   Public Law 217

2. May 06, 2025

   Signed by the Governor

3. April 29, 2025

   Signed by the President of the Senate

4. April 24, 2025

   Signed by the President Pro Tempore

5. April 23, 2025

   Signed by the Speaker

6. April 22, 2025

   House concurred with Senate amendments; Roll Call 512: yeas 63, nays 23

7. April 21, 2025

   Motion to concur filed

8. April 16, 2025

   Returned to the House with amendments

9. April 15, 2025

   Third reading: passed; Roll Call 423: yeas 36, nays 13

10. April 15, 2025

    Senator Schmitt added as cosponsor

11. April 15, 2025

    Senator Niezgodski added as cosponsor

12. April 10, 2025

    Amendment #5 (Yoder) failed; Roll Call 373: yeas 11, nays 35

13. April 10, 2025

    Amendment #6 (Koch) prevailed; voice vote

14. April 10, 2025

    Second reading: amended, ordered engrossed

15. April 10, 2025

    Amendment #2 (Hunley) failed; voice vote

16. April 08, 2025

    Committee report: do pass, adopted

17. April 08, 2025

    Senator Rogers added as cosponsor

18. March 27, 2025

    Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy

19. February 19, 2025

    First reading: referred to Committee on Utilities

20. February 14, 2025

    Referred to the Senate

21. February 13, 2025

    Representatives Lauer, Heaton, May, Lucas, Smith H, DeVon, Karickhoff, Heine, Smaltz, Teshka, Snow, Jordan, Thompson, Steuerwald, Olthoff, Zimmerman, Haggard, Aylesworth, Miller D, Commons, Judy, Hall, Lehman, Prescott, Culp, Borders, Baird, Wesco, Lopez, Carbaugh, McNamara, Jeter, Abbott added as coauthors

22. February 13, 2025

    Rule 104.1 suspended

23. February 13, 2025

    Senate sponsor: Senator Koch

24. February 13, 2025

    Third reading: passed; Roll Call 152: yeas 68, nays 25

25. February 10, 2025

    Amendment #2 (Pierce M) prevailed; voice vote

26. February 10, 2025

    Amendment #1 (Pierce M) failed; Roll Call 106: yeas 26, nays 69

27. February 10, 2025

    Amendment #3 (Pierce M) failed; Roll Call 107: yeas 27, nays 67

28. February 10, 2025

    Second reading: amended, ordered engrossed

29. February 06, 2025

    Committee report: do pass, adopted

30. January 29, 2025

    Committee report: amend do pass, adopted

31. January 29, 2025

    Recommitted to Committee on Ways and Means pursuant to House Rule 126.3

32. January 28, 2025

    Representative Bartels added as coauthor

33. January 13, 2025

    Authored by Representative Soliday

34. January 13, 2025

    Coauthored by Representatives Shonkwiler and Pressel

35. January 13, 2025

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

Sponsors

• David Niezgodski · Cosponsor
• Daryl Schmitt · Cosponsor
• Linda Rogers · Cosponsor
• Eric Koch · Primary
• David Abbott · Cosponsor
• Chris Jeter · Cosponsor
• Wendy McNamara · Cosponsor
• Martin Carbaugh · Cosponsor
• Danny Lopez · Cosponsor
• Timothy Wesco · Cosponsor
• Beau Baird · Cosponsor
• Bruce Borders · Cosponsor
• Kendell Culp · Cosponsor
• J.D. Prescott · Cosponsor
• Matt Lehman · Cosponsor
• Dave Hall · Cosponsor
• Chris Judy · Cosponsor
• Matt Commons · Cosponsor
• Doug Miller · Cosponsor
• Mike Aylesworth · Cosponsor
• Craig Haggard · Cosponsor
• Alex Zimmerman · Cosponsor
• Julie Olthoff · Cosponsor
• Gregory Steuerwald · Cosponsor
• Jeffrey Thompson · Cosponsor
• Jack Jordan · Cosponsor
• Craig Snow · Cosponsor
• Jake Teshka · Cosponsor
• Ben Smaltz · Cosponsor
• Dave Heine · Cosponsor
• Michael Karickhoff · Cosponsor
• Dale DeVon · Cosponsor
• Hunter Smith · Cosponsor
• Jim Lucas · Cosponsor
• Chris May · Cosponsor
• Robert Heaton · Cosponsor
• Ryan Lauer · Cosponsor
• Steve Bartels · Cosponsor
• Jim Pressel · Cosponsor
• Alaina Shonkwiler · Cosponsor
• Edmond Soliday · Primary

Votes

Subjects