Indiana regulators approve $71 million rate increase for AES

The Indiana Utility Regulatory Commission on June 17 gave AES the nod to raise electricity rates enough to earn an additional $71 million each year, a decision that drew reproof from Indiana lawmakers who called it another blow to cost-burdened consumers. The approved rate represents less than half of the $192 million increase that AES initially requested. It’s also less than the $91 million increase proposed in an October settlement agreement between AES, the city [...] The post Indiana regulat