Reduction to I&M rate proposal recommended

The Indiana Office of Utility Consumer Counselor is recommending a base increase of $1 a month, instead of the $18 I&M is asking for.

Posted: Nov. 8, 2017 8:54 PM
Updated: Nov. 9, 2017 7:58 AM

INDIANAPOLIS (WFFT) - Indiana Michigan Power might not get nearly as much money as they are asking from its customers.

The Indiana Office of Utility Consumer Counselor is recommending a base increase of $1 a month, instead of the $18 I&M is asking for.

The OUCC submitted its recommendation to the Indiana Utility Regulatory Commission late Tuesday night.

If the new proposal is approved, that means customers will pay a base rate of $8.30 a month.

In a statement to WFFT, I&M spokesman Tracy Warner said "I&M is committed to the importance of its Building the Future plan, which aims to strengthen infrastructure, reduce outages, allow for diversifying the sources of energy generation, and accomplish other important goals to better serve our customers."

I&M has until December 6 to respond to the OUCC recommendation.

The Utility Regulatory Commission is expected to make a decision on the rate increase in the spring.

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