Indianapolis Department of Public Works Announces 'More Favorable' Rates for AES Indiana

Indianapolis Department of Public Works announces 'more favorable' rates for AES Indiana

INDIANAPOLIS -- The Indianapolis Department of Public Works announced on Wednesday night that they have reached a settlement with AES Indiana that will "save millions of dollars for taxpayers." According to a press release from Indy DPW officials, Indiana AES announced in June that it was seeking a rate change from the Indiana Utility Regulatory Commission (IURC) to raise its rates due to increased costs in 2026. A pre-approval for a rate case f…

AES Indiana cuts proposed rate increase by more than half

Source: Ryan Hedrick / WIBC Radio INDIANAPOLIS — AES Indiana has reached a partial settlement in its regulatory rate review that reduces the proposed increase from approximately $21 to $10 per month for residential customers over two years. The Indiana Utility Regulatory Commission (IURC) must still approve the agreement. If approved, customers using 1,000 kWh monthly would see a $10 increase by 2027 – averaging 3.35% annually over two years. IN…

AES Indiana Settlement Trims Rate Hike, Offers Consumers Some Predictability

AES Indiana has reached a settlement agreement with several major customers and the City of Indianapolis that would reduce the size of its proposed electric rate increase by more than $111 million. If approved by the Indiana Utility Regulatory Commission, the new rates would take effect in mid-2026. Why AES Proposed the Rate Increase AES initially sought a substantial rate increase to help pay for upgrades to its aging electric grid, replace out…