As used in this chapter, "performance incentive mechanism", or "PIM", means a ratemaking mechanism that is approved by the commission and that:

1. (1) links an electricity supplier's earnings to the electricity supplier's performance in targeted areas that are consistent with the provision of electric utility service with the attributes set forth in IC 8-1-2-0.6 , including:

   1. (A) reliability;
   2. (B) affordability;
   3. (C) resiliency;
   4. (D) stability; and

   5. (E) environmental sustainability;

      as described in IC 8-1-2-0.6 ; and

2. (2) is based on specific performance metrics against which the electricity supplier's performance is measured.

As added by P.L.36-2026, SEC.10.