Section 8-1-2-6.8 - Valuation of property; qualified pollution control property constructed after March 31, 2002(a) This section applies to a utility that begins construction of qualified pollution control property after March 31, 2002.(b) As used in this section, "clean coal technology" means a technology (including precombustion treatment of coal):(1) that is used in a new or existing energy generating facility and directly or indirectly reduces airborne emissions of sulfur, mercury, or nitrogen oxides or other regulated air emissions associated with the combustion or use of coal; and(2) that either: (A) was not in general commercial use at the same or greater scale in new or existing facilities in the United States at the time of enactment of the federal Clean Air Act Amendments of 1990 (P.L. 101-549); or(B) has been selected by the United States Department of Energy for funding under its Innovative Clean Coal Technology program and is finally approved for such funding on or after the date of enactment of the federal Clean Air Act Amendments of 1990 (P.L. 101-549).(c) As used in this section, "qualified pollution control property" means an air pollution control device on a coal burning energy generating facility or any equipment that constitutes clean coal technology that has been approved for use by the commission and that meets applicable state or federal requirements.(d) As used in this section, "utility" refers to any energy generating utility allowed by law to earn a return on its investment.(e) Upon the request of a utility that begins construction after March 31, 2002, of qualified pollution control property that is to be used and useful for the public convenience, the commission shall for ratemaking purposes add to the value of that utility's property the value of the qualified pollution control property under construction.(f) The commission shall adopt rules under IC 4-22-2 to implement this section.As added by P.L. 159-2002, SEC.4.