1. (a) Not more than ninety (90) days after a public utility files a petition under section 9 of this chapter, the commission shall conduct a hearing and issue an order on the petition.

2. (b) Not more than sixty (60) days after a public utility files a petition under section 9 of this chapter, the office of the utility consumer counselor and other intervenors, if any, may:

   1. (1) examine the information of the public utility to confirm that the proposed transmission, distribution, and storage system improvements comply with this chapter; and
   2. (2) report its findings to the commission.

3. (c) If the commission determines that the petition satisfies the requirements of this chapter and the capital expenditures and TDSIC costs are reasonable, the commission shall approve the petition, including:

   1. (1) capital expenditures;
   2. (2) timely recovery of TDSIC costs, including costs associated with a targeted economic development project, through a TDSIC; and
   3. (3) if requested, authority to defer TDSIC costs under section 9(b) of this chapter.

As added by P.L.133-2013, SEC.5.