AES Rate Increase

AES Indiana, formerly known as IPL, is asking the Indiana Utility Regulatory Commission (IURC) for permission to raise electricity rates to cover operational costs due to “inflationary impacts.”

WINC spoke against the rate hike at the August 24 IURC field hearing, arguing that because of those same inflationary impacts, some of us are already choosing between food and electricity.

Update from Indiana Office of Utility Consumer Counselor (OUCC) received November 2, 2023:

The OUCC is recommending a significant reduction to AES Indiana’s rate request. In June, the utility proposed a $134.2 million annual revenue increase. This includes raising the monthly customer service charge from $16.75 to $25.00.

The OUCC’s testimony, filed on Oct. 12, recommends limiting the increase to $19.1 million. 14 OUCC witnesses based their recommendations on a 3 ½- month review of AES Indiana’s evidence, and included more than 1,500 written consumer comments with their testimony.

In late November, a settlement was reached that, if approved by the IURC, would raise monthly rates by approximately 7.3% for the average residential customer, or $9.52/mo. The settlement hearing was held on Dec. 19, 2023. We can expect a decision from IURC in Spring 2024.

The Latest:

Per OUCC Media Release dated April 17, 2024:

The Indiana Utility Regulatory Commission (IURC) has issued its final order in the AES Indiana rate case, approving an uncontested settlement agreement significantly reducing the utility’s requested increase. The utility’s original request would have raised an average monthly residential electric bill, for 1,000 kilowatt hours (kWh), by $17.49. The agreement, when fully phased in next year, will set the increase for 1,000 kWh at $9.36.

The order approving the agreement also raises the monthly residential customer charge for most customers from $16.75 to $17.00, instead of the $25.00 charge AES Indiana had proposed.

Visit the OUCC Website to learn more!