Indiana House Bill 1420 grants a right of first refusal (ROFR) for incumbent utilities for regional transmission projects, preventing competition and leading to delays and cost increases for Hoosiers.
SAY "NO" TO HB1420
Indiana House Bill 1420 grants a right of first refusal (ROFR) for incumbent utilities for regional transmission projects, preventing competition and leading to delays and cost increases for Hoosiers.
HB 1420 Will Increase Costs for Hoosiers
Utility companies are pushing a bill that would substantially raise electricity rates for Indiana families and businesses for decades. HB 1420, a Right-of-First-Refusal law – or ROFR – protects the local monopoly utilities from electricity competition leading to increased prices.
Fact vs Fiction
Utility giants are spreading falsehoods about HB 1420 in the Indiana Senate.
Competition Works
Electricity transmission competition has been shown to lower costs by as much as 40% for consumers, while ROFR bills cement monopoly power leading to higher monthly rates on utility bills for families and businesses. Previous competitive-bid electric transmission projects in Indiana have provided more than $1B in cost schedule benefits (far outweighing the cost) and have been completed over months and ahead of schedule.
Read How the Federal Energy Regulatory Commission’s Failure to Enforce Transmission Competition Will Lead to Decades of Electricity Price Inflation for American Consumers.