INDIANAPOLIS — Indianapolis Power & Light Company (IPL), requested a rate increase recently with the Indiana Utility Regulatory Commission (IURC) to cover the cost of replacing older and outdated generators with one of the cleanest, most efficient natural gas plants ever to be built in Indiana. If IPL’s request is approved by the IURC, new rates are expected to be effective by the end of 2017. IPL is also seeking approval for customers to benefit financially from the sale of any power from the new natural gas plant not needed to serve the community.
IPL’s request would result in the typical residential customer using 1,000 kWh per month seeing an increase of around $10 per month in their bill if approved. Customers can plan for potential impacts in their bills by utilizing the Rate Calculator on IPLpower.com/answers. The proposed rate increase will vary among business customers depending on rate class and usage.
For more information on these resources or to see how this proposed rate increase may affect you specifically, visit IPLpower.com/answers.