Support SB 373 with amendment

To the editor:

A pro-ratepayer amendment made to Senate Bill 373 requires the Indiana Utility Regulatory Commission to consider any federal statutory or regulatory power plant phase-out mandates that impact proposed new facility depreciation schedules in establishing base rates.

Why? Rate payers should not be on the hook for decades to pay for a new CO2-emitting power plant if that plant is forced to close prematurely due to laws, regulations or mandates from the radical environmental plans President Biden and the Democratically controlled Congress are feverishly advancing.

Currently, Indiana plans to pilot a program that allows a utility to recover costs associated with a retiring coal plant even though the plant is no longer generating electricity. While premature closures seemed unlikely when facilities were built, today, we are fully aware of the direction our federal government has for energy generation. This consideration by the IURC on behalf of ratepayers is common sense.

Shockingly, this amendment for simply consideration resulted in fierce opposition from the Indiana Energy Association, representing large, investor-owned, monopolistic utilities.

Ask your Representatives to support SB 373 with the amendment that protects Hoosier ratepayers.

—Tracy Hayford

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