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Indiana lawmaker previews limited performance-based rate-making bill to curb bill shocks and boost reliability
Summary
Representative Schonkweiler told the Utilities, Energy and Telecommunications committee she will introduce an incremental PBR bill next year that centers on resource adequacy, customer-focused reliability and affordability measures such as mitigating seasonal bill shocks, adjusting disconnection criteria, and exploring budget-billing options. Staff presentations highlighted trade-offs, large-load rules in HEA 1007, and a pending IURC docket.
Representative Schonkweiler previewed a bill the committee will consider next year that would take incremental steps toward performance-based rate making (PBR) for investor-owned electric utilities, focusing on reliability, resilience and near-term affordability for low-income households.
"This is the essence of performance based rate making or PBR," Representative Schonkweiler said, describing PBR as a way to define outcomes, measure utility performance against them and tie earnings to success. She repeatedly stressed the draft is conceptual and that negotiable details remain under discussion.
The bill, Schonkweiler said, would prioritize three areas: resource adequacy (planning for sufficient capacity), customer-focused reliability (measurable outage and restoration performance) and affordability. On affordability she described several near-term tools under consideration: steps to reduce seasonal bill shocks, review of disconnection criteria to account for extreme heat or cold advisories, strengthening utility…
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