Burton comments on House Bill 1007

HB 1007 would further place the cost of energy system upgrades on consumers

Yesterday, Jan. 21, the House Committee on Utilities, Energy and Telecommunications heard House Bill (HB) 1007. HB 1007 gives a state tax credit for manufacturing small modular nuclear reactors in Indiana. It also outlines a process for energy companies to get approval from the Indiana Utility Regulatory Commission (IURC) for projects meeting growing demand, large customers, or new generation plans. The bill sets rules for approvals, cost recovery and allows utilities to seek approval to cover development costs for these reactors.

State Rep. Alex Burton (D-Evansville) released the following statement on HB 1007:

“We cannot attract people or businesses without addressing our high energy and utility costs. While I appreciate the author’s efforts to bring diverse energy options to Indiana, there are significant risks, primarily with the potential financial burden on working and aging Hoosiers, with no guarantee of success.“