rate hike

I&M via Twitter

A consumer advocate group says Indiana Michigan Power doesn’t need most of its proposed $172 million rate increase. Under I&M’s proposal, customers’ monthly bills would go up by more than 11 percent — an increase of about $21 for a typical resident. 

The utility says it would go to pay for things like smart meters and electric vehicle charging stations.

But Anthony Swinger with the Office of Utility Consumer Counselor says I&M also wants to offer a discount for customers that use more than 900 kilowatt hours a month — mostly businesses and industrial companies.

I&M

The Indiana Utility Regulatory Commission will hold three public hearings this month - Thursday, July 11th at the South Bend Century Center, Monday, July 15th at Ball State University, and Tuesday, July 16th at Purdue University Fort Wayne.

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.