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Indiana’s largest electric utility is asking state regulators to approve almost $500 million in new rate increases. This is the second price hike request since 2019 and would raise the average consumer’s bill by about $27.
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There will be a public meeting in South Bend on Oct. 30 on the measure
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The state recently approved the increase to help pay for new renewable energy projects as well as maintaining the company’s coal plants.
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The average CenterPoint residential customer pays about $168 a month for 1,000 kilowatt hours of electricity. The utility has had noticeably higher prices than others for at least a decade, but that gap has started to narrow since 2020.
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This winter is expected to be colder than last year and people will be using more natural gas for heat. Natural gas prices are up right now because of increased demand due to the war in Ukraine and less production. There’s also less natural gas in storage than usual because of the need for heat this January.
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Hoosiers struggling to pay their water and energy bills can now apply for help from the state.
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Lower-income residents who struggle with utility bills were more likely to take on debt, go without food or medicine, or keep warm by opening their ovens and running space heaters at night — which could be dangerous.
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South Bend is forgiving all outstanding municipal utility bill debts — that includes water, sewer and solid waste pickup — for nearly 5,000 households.
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South Bend utility rates will rise over the next five years following a common council decision Monday night. However, not all rates will rise…
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South Bend wants to raise water, sewer, stormwater and trash rates 3.5 percent per year over the next five years. The typical resident would see their…