State legislation: Nuclear financing bill awaits Ind. governor’s signature

The final passage of Senate Bill 424 from Indiana’s House of Representatives last week sent a key piece of pronuclear legislation to Gov. Mike Braun for final approval.
The legislation offers public utilities that want to develop small modular reactors in the Hoosier State to recover preconstruction costs from their customers before the project even begins. The company would have to petition the Indiana Utility Regulatory Commission and, if approved, would have the opportunity to establish a new rate that reflects the cost of the project.