INDIANAPOLIS — Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (NYSE: AES), requested a rate increase today with the Indiana Utility Regulatory Commission (IURC) to cover the rising operational cost of providing safe and reliable electricity, as well as enhanced customer service functions. If IPL’s request is approved by the IURC, new rates would go into effect toward the end of 2015. If approved, IPL’s request would result in the average residential customer seeing an increase of about $8 per month. The proposed rate increase will vary among business customers depending on rate class and usage.
The requested rate increase will cover the escalation in costs of providing reliable electricity, including operation, maintenance and general business expenses.
For more information on these resources and to see how this proposed rate increase may affect you specifically, go to IPLpower.com/answers to use the rate calculator.