"Performance incentive mechanism"

Sec. 11. As used in this chapter, "performance incentive mechanism", or "PIM", means a ratemaking mechanism that is approved by the commission and that: (1) links an electricity supplier's earnings to the electricity supplier's performance in targeted areas that are consistent with the provision of electric utility service with the attributes set forth in IC 8-1-2-0.6, including: (A) reliability; (B) affordability; (C) resiliency; (D) stability; and (E) environmental sustainability; as described in IC 8-1-2-0.6; and (2) is based on specific performance metrics against which the electricity supplier's performance is measured. As added by P.L.36-2026, SEC.10.