Joint Development of Alternative Energy Projects

Checkout our iOS App for a better way to browser and research.

Sec. 13. (a) Two (2) or more corporations that are members of the same cooperatively owned power supplier may:

(1) develop alternative energy projects jointly; and

(2) share money drawn from their respective accounts in the fund with the corporations' cooperatively owned power supplier, as long as the cooperatively owned power supplier uses the money for one (1) or more alternative energy projects in accordance with section 14 of this chapter.

(b) For purposes of determining the percentage of a corporation's total sales from the provision of retail energy service that is attributable to alternative energy projects under section 12 of this chapter, any joint project described in subsection (a)(1) shall be allocated among the participating corporations according to each corporation's respective investment in the joint project.

As added by P.L.151-2009, SEC.5.


Download our app to see the most-to-date content.