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Indiana Michigan Power Announced It Will Ask for State Permission to Reduce Base Rates

The plan includes a base rate cut, a Benefits Bank to buffer future costs, and reliability investments after a 32% improvement in grid performance, Indiana Michigan Power said.

Indiana Michigan Power on Tuesday announced it will ask for state regulators' permission to reduce base rates – but didn't say by how much.

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  • 67% of the sources lean Left
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ABC57 broke the news in on Tuesday, February 24, 2026.
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