(A) The rules and regulations of the Public Service Commission of Indiana, when not in conflict, shall determine the standards of service to govern the operation of the electric plant of this city.
(B) Notwithstanding the foregoing, the city electric utility shall be removed from the jurisdiction of the Indiana Regulatory Commission for the approval of rates and charges and of the issuance of stocks, bonds, notes or other evidence of indebtedness.
(Prior Code, § 50.01) (Am. Ord. 3-2006, passed 4-10-2006)