Sec. 2. As used in this chapter, "alternative energy project" means a project that: (1) develops or makes use of: (A) clean energy projects (as defined in IC 8-1-8.8-2); (B) renewable energy resources (as defined in IC 8-1-8.8-10) for the production of electricity; (C) integrated gasification combined cycle (IGCC) technology to produce synthesis gas that is used: (i) to generate electricity; or (ii) as a substitute for natural gas; regardless of the fuel source used to produce the synthesis gas; (D) methane recovered from landfills for the production of electricity; (E) demand side management, energy efficiency, or conservation programs; or (F) coal bed methane; (2) results in quantifiable reductions in, or the avoidance of: (A) the use of electricity produced by traditional electric generating facilities that use
fossil fuels as their fuel source; or (B) regulated air pollutants and carbon emissions produced by traditional electric generating facilities that use fossil fuels as their fuel source; and (3) is implemented under a plan approved by: (A) the office; and (B) a corporation's or a cooperatively owned power supplier's board of directors. As added by P.L.151-2009, SEC.5. Amended by P.L.150-2011, SEC.15.