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It would allow utilities to recover the cost of “unexpected events” that ended up being more expensive than what they budgeted for.
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It’s something utilities can already do with other types of power. But some question whether ratepayers would benefit overall and if the state should encourage more natural gas.
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Both bills passed unanimously and no one spoke in opposition.
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The war in Ukraine and the pandemic have dramatically driven up fuel costs. The highest recent fuel adjustment was by AES Indiana — where the average customer paid an extra $24 a month from September to November.
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The Indiana Department of Natural Resources, the Sierra Club, and Citizens Action Coalition have concerns about a proposed natural gas pipeline that would…