IURC Approves $70 Million Increase, Electric Rate Hike for AES

Indiana regulators approve $71 million rate increase for AES

Indy households will see another electricity rate increase after regulators allowed AES Indiana to earn an additional $71 million each year.

IURC Approves $71 Million Rate Increase for AES Indiana

Source: FOX 59 INDIANAPOLIS — People in Indianapolis are set to see higher electric bills after state regulators approved a rate increase for AES Indiana. The Indiana Utility Regulatory Commission approved a $71 million base rate increase for the utility, which serves more than 530,000 customers across central Indiana. The approved hike represents about 37% of what AES originally requested. AES says a household using about 1,000 kilowatt-hours (…

State regulators OK $71 million rate increase for AES Indiana

(INDIANA CAPITAL CHRONICLE) – The Indiana Utility Regulatory Commission voted 3-1 Wednesday to approve a $71 million electricity rate increase for AES Indiana customers. That is about 37% of what the utility initially requested and lower than a settlement agreement proposed in October. Neither Gov. Mike Braun nor consumer advocates are happy with the outcome. “My top priority is affordability, which is why I am deeply disappointed by the IURC’s …

IURC approves $70 million increase, electric rate hike for AES

INDIANAPOLIS -- Indianapolis residents are set to see increases in their electric bills over the summer and the rest of the year following the Indiana Utility Regulatory Commission's approval of an AES Indiana increase. The Indiana Utility Regulatory Commission has approved a $71 million electricity rate increase for AES Indiana, which provides electric service to [...]

State regulators approve $70M increase for AES, less than utility originally sought

The Indiana Utility Regulatory Commission approved a rate hike on June 17, 2026, for AES Indiana customers. (Getty Images)The Indiana Utility Regulatory Commission voted 3-1 Wednesday to approve a $71 million electricity rate increase for AES Indiana customers. That is about 37% of what the utility initially requested and lower than a settlement agreement proposed in October. Neither Gov. Mike Braun nor consumer advocates are happy with the outc…