Indiana legislation · 2026 Regular Session
Indiana HB1120: Retirement of electric generation resources.
Status: In committee, January 5, 2026
Amends the statute concerning public utilities' annual electric resource planning reports to the Indiana utility regulatory commission (IURC) to provide that for an annual report submitted after December 31, 2026, if: (1) after an investigation under the statute, the IURC does not issue an order to prohibit the retirement of a public utility's electric generation resource; (2) the public utility proceeds with plans to retire the electric generation resource before: (A) the date specified for the retirement in the public utility's most recently filed integrated resource plan; or (B) the end of the electric generation resource's economically useful life; and (3) the retirement is not required to comply with environmental laws, regulations, or court orders; the public utility may not recover a return on any asset retirement obligations related to the retirement in any future general rate case or other regulatory proceeding. Makes a conforming amendment to a provision concerning public utilities' depreciation rates and asset retirement obligations.
What the bill says
A bill FOR AN ACT to amend the Indiana Code concerning utilities.
From the introduced text:
A BILL FOR AN ACT to amend the Indiana Code concerning utilities. SECTION 1. IC 8-1-2-19, AS AMENDED BY P.L.170-2023, SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 19. (a) Every public utility shall carry a separate, proper and adequate depreciation account whenever the commission, after investigation, shall determine that such depreciation account reasonably can be required. (b) The commission, from time to time, shall ascertain and determine the proper and adequate rates of depreciation of the several classes of property of each public utility. Depreciation rates under this subsection shall be calculated to recover a reasonable estimate of the future cost of removing retired assets of the public utility. (c) A public utility's rates, tolls and charges shall be such as will provide the amounts required over and above the reasonable and necessary operating expenses, to maintain such property in an operating state of efficiency corresponding to the progress of the industry. Subject to IC 8-1-8.5-13(x), in a proceeding in which the costs of a capital asset are being recognized for ratemaking purposes, 2026 IN 1120--LS 6441/DI a public utility may account for any asset retirement obligations and recover, through rates charged to customers, reasonably and prudently incurred costs associated with asset retirement obligations, to the extent the specific asset retirement obligation costs are incremental …
Sponsors
- Cindy Ledbetter (R, HD-075) · primary sponsor
Latest actions
- : First reading: referred to Committee on Utilities, Energy and Telecommunications
- : Authored by Representative Ledbetter
Subjects: AGENCIES; Utility Regulatory Commission (IURC), COURTS; Generally, ENERGY; Generally
Common questions
- What is HB1120?
- HB1120 is a bill in the Indiana Legislature (2026 Regular Session): Retirement of electric generation resources.
- What does HB1120 do?
- In its own words: A bill FOR AN ACT to amend the Indiana Code concerning utilities.
- What is the status of HB1120?
- In committee as of January 5, 2026. Latest action: First reading: referred to Committee on Utilities, Energy and Telecommunications (January 5, 2026).
- Who sponsored HB1120?
- Cindy Ledbetter (R, HD-075).
- Where is the official record for HB1120?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/house/1120
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.