LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7607 NOTE PREPARED: Jan 14, 2025
BILL NUMBER: HB 1563 BILL AMENDED:
SUBJECT: Alternative and Nuclear Energy Generation.
FIRST AUTHOR: Rep. Smith H BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: State & Local
XDEDICATED
FEDERAL
Summary of Legislation: This bill requires: (1) a public utility to notify the Indiana Utility Regulatory
Commission (IURC) of the public utility's intention to retire an electric generation facility not later than 18
months before the planned retirement date; and (2) the IURC to conduct a study to determine the feasibility
of using the location and infrastructure of the electric generation facility for development of alternative
energy generation projects, including consideration of the suitability of the location and infrastructure for
use in developing a nuclear energy facility.
Effective Date: July 1, 2025.
Explanation of State Expenditures: To the extent a public utility notifies the IURC about the intended
closure of an electric generation facility, this bill will increase the workload of the Commission to perform
the study required by the bill. Increases in workload are within the routine administrative function of the
IURC and are expected to be accomplished within existing resource and funding levels.
Explanation of State Revenues:
Explanation of Local Expenditures: The bill could increase the workload of municipally-owned electric
utilities to report plans to close a facility down to the IURC.
Explanation of Local Revenues:
State Agencies Affected: IURC.
Local Agencies Affected: Municipally-owned electric utilities.
Information Sources:
Fiscal Analyst: Bill Brumbach, 317-232-9559, Abdul Abdulkadri, 317-232-9852.
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