UTILITY

(Ildar Sagdejev/Wikimedia Commons)

INDIANAPOLIS (AP) — State regulators have agreed to consider a request by Indiana’s gas and electric companies to charge their customers for millions of dollars in revenue the utilities are expected to lose because of the coronavirus pandemic. The Indiana Utility Regulatory Commission has ordered an investigation into how the pandemic is affecting utilities and their customers. The Indianapolis Business Journal reported that the commission will consider a request from 10 Indiana utilities to recover lost revenue from consumers by raising monthly bills.

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.