Sec. 4. (a) As used in this section, "federal phaseout mandate" means any federal statutory or regulatory requirement that:
(1) is established after April 20, 2021, by the Congress of the United States, a federal regulatory agency, or a federal executive order; and
(2) requires the phaseout or discontinuance of a particular type of electric generating facility, technology, or fuel source.
(b) In acting upon any petition for the construction, purchase, or lease of any facility for the generation of electricity, the commission shall take into account the following:
(1) The applicant's current and potential arrangement with other electric utilities for:
(A) the interchange of power;
(B) the pooling of facilities;
(C) the purchase of power; and
(D) joint ownership of facilities.
(2) Other methods for providing reliable, efficient, and economical electric service, including the refurbishment of existing facilities, conservation, load management, cogeneration and renewable energy sources.
(3) With respect to a petition that:
(A) is for the construction of a new generating facility; and
(B) is submitted to the commission after June 30, 2021, and before January 1, 2025;
the impact of federal phaseout mandates on the estimated useful life of each proposed generating facility included in the petition, including depreciation expense associated with each facility.
As added by P.L.43-1983, SEC.12. Amended by P.L.88-1985, SEC.9; P.L.180-2021, SEC.3.