1. (a) The commission shall review an energy utility's:

   1. (1) estimated acquisition costs submitted under section 20(c)(1)(D) of this chapter; or

   2. (2) estimated project costs filed under section 23(b)(1)(D) of this chapter;

      as applicable.

2. (b) If the commission approves, with or without modification, an energy utility's generation resource submittal or petition for approval of a project, the energy utility may recover:

   1. (1) acquisition costs; or

   2. (2) project costs;

      as applicable, that have been reviewed and found reasonable by the commission, with a return at the energy utility's weighted average cost of capital.

3. (c) If the commission denies an energy utility's generation resource submittal or petition for approval of a project, the energy utility may recover planning costs that have been reviewed and found reasonable by the commission, without a return.

4. (d) Absent fraud, concealment, or gross mismanagement, an energy utility may recover:

   1. (1) acquisition costs; or

   2. (2) project costs;

      as applicable, with a return at the energy utility's weighted average cost of capital, that the energy utility has incurred or contractually will incur in reliance on a commission order issued under this chapter.

As added by P.L.217-2025, SEC.2.