Policy and licensing / Indiana
Indiana SEA 424 (2025): SMR development cost recovery
Signed on 10 April 2025. The IURC describes it as a cost-recovery mechanism for SMR development costs led by a utility. Its effective date was not established from the sources read.
- Category
- Laws, rules and executive directives
- Status
- In effect
- Instrument
- statute · Senate Enrolled Act 424 (2025)
- Issued by
- Indiana General Assembly
- Jurisdiction
- Indiana
- Affects
- Utility cost recovery
- In effect from
- —
- Expiry or completion
- None recorded
- Operative text
- IURC 2025 Annual Report (2025 legislative session summary) (IURC summary of the enrolled act)
- Last checked · next review
- 2026-10-03 · 2026-11-02
Legal and geographic scope
State law letting a utility petition the IURC for timely recovery of small modular reactor project development costs through an adjustable rate mechanism (80% tracked, 20% deferred to the next base rate case).
Not approved or still pending
Cost recovery needs a utility petition and an IURC order; none is recorded here.
Dated lifecycle
- 2025-04-10 · Signed (Indiana Governor: 2025 Bill Watch)
Related instruments
Projects or designs named by the source
- None. Location in this jurisdiction does not make a project eligible for, or approved under, this measure.
Sources
- Indiana Governor: 2025 Bill Watch (government_primary, accessed 2026-10-03)
- IURC 2025 Annual Report (2025 legislative session summary) (regulator_primary, accessed 2026-10-03)