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New Indiana Law Takes Aim at Utility Affordability
The law adds performance-based ratemaking, multi-year rate plans and low-income aid, while requiring utilities to meet measurable benchmarks for higher returns.
- On Monday, Indiana Gov. Mike Braun ceremonially signed House Enrolled Act 1002, introducing performance-based ratemaking for investor-owned electricity suppliers to address high utility costs and prioritize ratepayers over utility profits.
- The legislation mandates a summer shutoff ban from June 1 through Sept. 23 for low-income customers and requires utilities to offer "levelized" billing plans under the Indiana Utility Regulatory Commission .
- State Rep. Alex Burton , a co-author of the law, called it "a meaningful step toward prioritizing ratepayers over profits," while Braun appointed three new "rate-conscious" commissioners to the IURC.
- Consumer advocate Kerwin Olson of the Citizens Action Coalition expressed disappointment that supporters were excluded from the signing, warning that benefits for most ratepayers may take years to materialize.
- Residents can share feedback on energy affordability at an IURC listening session on Tuesday, April 7, from 6:00 p.m. to 8:00 p.m. Central Time at the Old National Events Plaza in Evansville.
13 Articles
13 Articles
New Indiana law takes aim at utility affordability
HENDERSON, Ky. (WEHT) -- A new law in Indiana is tackling utility affordability. Indiana Governor Mike Braun took to social media to announce the signing of the new law. In the post he said affordability is vital to his administration. Below is his full statement: "Affordability is this administration’s top priority, and high electricity prices [...]
Gov. Braun Signs Law to Cut Energy Bills Among Other Things
Source: WISH TV INDIANAPOLIS — Indiana Governor Mike Braun signed a new law Monday aimed at lowering energy costs and increasing accountability for Hoosiers. House Enrolled Act 1002 includes provisions for performance-based ratemaking, multi-year rate plans, and transparency in rate increase requests. It also bans shutoffs from June 1 through September 23 during the year’s hottest months. “Affordability is this administration’s top priority, and…
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