Indianapolis Power and Light Co. (IPL) is seeking to increase utility rates for its customers.
If the rate increase is approved by the Indiana Utility Regulatory Commission (IURC), the average bill can expect to see an increase of about $11 a month, according to IPL's proposal.
According to the Indiana Office of Utility Consumer Counselor (OUCC), a state agency representing consumer interest in cases before the IURC, under IPL's request, a monthly residential electric bill for 1,000 kilowatt hours (kWh) would increase from $112.95 to $124.38. Customers would also see increases in the utility's flat rate monthly charges.
Residential customers using more than 325 kWh per month would see their rates increase from $17 to $27, while residential customers using less than 325 kWh would see an increase from $11.25 to $16.
Monthly charges for commercial customers would rise, but vary by tariff. According to OUCC, the request would give IPL an increase of approximately $96.7 million in overall annual revenue, almost 7.1 percent over current revenues.
According to IPL, the higher rates are due to increased operating and maintenance costs and will pay for capital improvements, such as the recently built Eagle Valley Generating Station in Martinsville. IPL is also requesting funding for the Advancion battery energy storage facility at the Harding Street generating station, as well as cost recovery for substation upgrades, the creation of a new reserve fund for tree trimming and vegetation management and funds for major storm damage recovery, according to OUCC.
The IURC held a public hearing April 23 at Arsenal Technical High School, and another hearing is scheduled for 6 p.m. Monday at the New Augusta Public Academy North Auditorium, 6450 Rodebaugh Road, Indianapolis. There, consumers will be able to speak directly to the commission regarding the rate case or submit written comments for the record.
The OUCC is inviting written comments from IPL's residential, commercial and industrial customers through May 17. Written comments should include name, address and mention cause No. 45029. They can be mailed to 115 W. Washington St., Suite 1500 South, Indianapolis, IN 46204, or sent online at IN.gov/OUCC or [email protected]
The OUCC will be filing testimony before the IURC on May 24. The IURC is expected to make a decision on the rate increase request in December
© © Copyright 2018 The Mooresville-Decatur Times. All rights reserved., source Newspapers