Bill > HB1120

This bill amends Indiana's utility regulations to provide stricter oversight of electric generation resource retirements and asset retirement obligations. Specifically, for any annual report submitted after December 31, 2026, if the Indiana Utility Regulatory Commission (IURC) does not prohibit a public utility from retiring an electric generation resource, and the utility proceeds with retirement earlier than planned or before the end of the resource's economically useful life, and the retirement is not mandated by environmental regulations, the utility will be prohibited from recovering a return on any asset retirement obligations in future rate cases. The bill requires public utilities to provide detailed information about planned retirements, including capacity, location, fuel source, and economic rationale, and gives the IURC the authority to investigate and potentially block retirements that might compromise electric service reliability. The legislation aims to ensure that utility companies maintain sufficient generating capacity to provide reliable and stable electric service to Indiana customers while also protecting ratepayers from unnecessary costs associated with premature asset retirements.

Transportation and Infrastructure

https://iga.in.gov/legislative/2026/bills/house/1120/details