NewsPublic Affairs / May 30, 2018

Indiana Michigan Power Rate Increase Approved

Article origination IPBS-RJC
Indiana Michigan Power Rate Increase Approved

Indiana Michigan Power will get less than half of the rate increase it was hoping for. On Wednesday, the Indiana Utility Regulatory Commission approved a rate hike of $96.8 million instead of the $263 million the utility had requested. 

READ MORE: OUCC Says I&M Rate Increase Too High

That means the flat charge for residential customers would go up by $3.20 per month. Indiana Michigan Power will also credit $4 million to its customers as a result of the tax breaks it got from the Tax Cuts and Jobs Act.

Read more about the rate increase here

At WFYI, our goal is to cover stories that matter to you. Our reporting is rooted in facts. It considers all perspectives and is available to everyone. We don't have paywalls, but we do need support. So if unbiased, trusted journalism is important to you, please join us. Donate now.

 

 

Related News

Former South Bend Cop Who Shot Black Man Gets Probation On Unrelated Charge
Ground Broken On 8-mile South Shore Extension In Lake County
Evansville Area Designated Talent Region By State