electricity

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State lawmakers heard from experts on Thursday on what Indiana utilities and regional grid operators are doing to prevent blackouts like the ones in Texas. In many ways comparing the two states’ energy systems is like apples and oranges.

Michigan Regulators Approve Smaller Utility Rate Increase

Jan 26, 2020
https://www.facebook.com/indianamichiganpower/photos/a.423915107986/10154549796867987/?type=1&theater

FORT WAYNE, Ind. (AP) — Michigan regulators have approved a rate increase for Indiana Michigan Power, though one significantly smaller than initially sought by the utility.

The Michigan Public Service Commission approved an agreement Thursday allowing the Fort Wayne-based company to boost its Michigan customers' rates by a total of $36.4 million annually.

That's about 38 percent lower than the proposed $58.5 million increase.

Regulators say a customer who uses 500 kilowatt hours of electricity a month will see an increase of $12.14, or about 15 percent.

Indiana Michigan Power has submitted a $600 million plan to the Indiana Utility Regulatory Commission it says would create a “smarter energy grid” for the Hoosier state -- and it could come with a major rate increase attached to it.