SB 247 IN

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Became Law

Amends the statute concerning the acquisition by a utility company of a water or wastewater utility to provide that if: (1) the appraised value of the utility property to be acquired does not exceed $3,000,000; and (2) the purchase price for the utility property is less than the appraised value of the utility property; the acquiring utility company may submit to the Indiana utility regulatory agency (IURC) a filing under a procedure, based on the procedures set forth in the IURC's rules governing 30 day administrative filings, to include in the acquiring utility company's rate base specified costs associated with the acquisition. Sets forth certain information that must be included in an acquiring utility company's filing. Provides that if the IURC approves an acquiring utility company's filing, the IURC: (1) may only authorize that: (A) the full purchase price; and (B) estimated: (i) incidental expenses; and (ii) other costs of acquisition; be recorded as the acquiring utility company's net original cost of acquisition; and (2) shall provide that any estimated: (i) incidental expenses; and (ii) other costs of the acquisition; are subject to a reasonableness review as part of the acquiring utility company's next base rate case. Adds language specifying that the Indiana Code chapter that governs the transfer, acquisition, and improvement of utilities by municipalities applies to a municipally owned natural gas utility (in addition to a municipally owned electric, water, wastewater, or combined water and wastewater utility).

• Eric Koch Republican · author
• Jean Leising Republican · author
• Edmond Soliday Republican · sponsor

1. Jan 10, 2024 First reading: referred to Committee on Utilities · upper
2. Jan 10, 2024 Authored by Senator Koch · upper
3. Jan 25, 2024 Committee report: amend do pass, adopted · upper
4. Jan 29, 2024 Second reading: amended, ordered engrossed · upper
5. Jan 29, 2024 Amendment #1 (Koch) prevailed; voice vote · upper
6. Jan 30, 2024 Senator Leising added as second author · upper
7. Jan 30, 2024 Senator Randolph added as coauthor · upper
8. Jan 30, 2024 Third reading: passed; Roll Call 67: yeas 48, nays 1 · upper
9. Jan 30, 2024 House sponsor: Representative Soliday · upper
10. Jan 30, 2024 Senator Charbonneau added as coauthor · upper
11. Jan 31, 2024 Referred to the House · upper
12. Feb 6, 2024 First reading: referred to Committee on Utilities, Energy and Telecommunications · lower
13. Feb 13, 2024 Committee report: amend do pass, adopted · lower
14. Feb 19, 2024 Second reading: ordered engrossed · lower
15. Feb 19, 2024 Amendment #3 (Pryor) ruled out of order · lower
16. Feb 19, 2024 Appeal the ruling of the chair (Pryor); ruling of the chair sustained Roll Call 154: yeas 67, nays 28 · lower
17. Feb 19, 2024 Appeal the ruling of the chair (Pryor); ruling of the chair sustained Roll Call 155: yeas 65, nays 28 · lower
18. Feb 19, 2024 Amendment #2 (Pryor) ruled out of order · lower
19. Feb 21, 2024 Returned to the Senate with amendments · lower
20. Feb 20, 2024 Representative Hall added as cosponsor · lower
21. Feb 20, 2024 Third reading: passed; Roll Call 179: yeas 90, nays 1 · lower
22. Feb 26, 2024 Motion to concur filed · upper
23. Feb 29, 2024 Senate concurred in House amendments; Roll Call 236: yeas 43, nays 1 · upper
24. Mar 5, 2024 Signed by the President Pro Tempore · upper
25. Mar 7, 2024 Signed by the Speaker · lower
26. Mar 8, 2024 Signed by the President of the Senate · upper
27. Mar 11, 2024 Signed by the Governor · executive
28. Mar 11, 2024 Public Law 34 · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Enrolled Senate Bill (S) · PDF
• Senate Bill (S) · PDF
• Senate Bill (S) · PDF
• Engrossed Senate Bill (H) · PDF
• Introduced Senate Bill (S) · PDF