Section 8-1-31-13 - Limit on total adjustment revenues; exceptions(a) The commission may not approve a petition filed under section 8 or 10 of this chapter to the extent it would:(1) for a public utility, produce total adjustment revenues exceeding ten percent (10%) of the eligible utility's base revenue level approved by the commission in the eligible utility's most recent general rate proceeding; or(2) for a municipally owned or not-for-profit utility, produce total adjustment revenues over the course of each twelve (12) month recovery period that exceed ten percent (10%) of the eligible utility's base revenue level approved by the commission in the eligible utility's most recent general rate proceeding.(b) Subsection (a) does not apply to: (1) infrastructure improvement costs associated with eligible infrastructure improvements that are placed in service due to the construction, reconstruction, or improvement of a highway, street, or road (as defined in IC 8-23-1-23), including projects under IC 8-25; or(2) property taxes associated with eligible infrastructure improvements.Amended by P.L. 39-2023,SEC. 5, eff. 4/20/2023.Amended by P.L. 61-2022,SEC. 8, eff. 7/1/2022.Amended by P.L. 137-2020,SEC. 1, eff. 7/1/2020.Amended by P.L. 45-2015, SEC. 1, eff. 7/1/2015.Amended by P.L. 212-2015, SEC. 13, eff. 7/1/2015.Amended by P.L. 209-2014, SEC. 12, eff. 7/1/2014.As added by P.L. 94-2000, SEC.1.