1. (a) This section applies to an eligible utility for which the commission has issued an order under section 12 of this chapter to approve an adjustment rider for the recovery of costs described in section 7(2)(B) or 7(2)(C) of this chapter, as calculated under section 9.1 of this chapter.

2. (b) An eligible utility to which this section applies shall file a petition for a change in its adjustment amount:

   1. (1) not later than thirty (30) days after the end of each twelve (12) month period after the date on which the commission issued the order under section 12 of this chapter approving the adjustment rider; and
   2. (2) until the commission issues an order in the eligible utility's next general rate case.
3. (c) Upon filing a petition with the commission under subsection (b), an eligible utility shall serve a copy of the petition on the office of utility consumer counselor.
4. (d) The commission shall hold a hearing and issue an order on the petition not later than sixty (60) days after the date the petition is filed.

As added by P.L.127-2026, SEC.7.