Purchase of coal fired generation facilities.

Provides that: (1) a public utility that provides electric utility service in Indiana (public utility) may not enter into an agreement to sell a coal fired electric generation facility (coal facility) that the public utility plans to retire unless the Indiana utility regulatory commission (IURC) approves the agreement; and (2) a person that purchases from a public utility, under an agreement approved by the IURC, a coal facility that the public utility plans to retire is not a public utility for purposes of IURC jurisdiction solely by reason of the person's operation of the coal facility. Provides that the rates and charges of a public utility, other than a cooperatively owned public utility, may not include any recovery of, or earnings on, the capital costs associated with the construction of an electric generation facility that is built, in whole or in part, to replace the electricity generated from a coal facility retired by the public utility after December 31, 2028, unless the IURC determines that the public utility: (1) made a good faith effort to sell the coal facility to another person; and (2) either: (A) accepted a reasonable offer to purchase the coal facility; or (B) was not able to sell the coal facility for a reason beyond the public utility's reasonable control. Sets forth factors the IURC must consider in determining whether: (1) the public utility made a good faith effort to sell the coal facility; and (2) an offer to purchase a coal facility was reasonable.