AES 2023 Rate Case
2023-2024 Rate Case
The IURC issued a final order on Apr. 17, 2024 setting new rates and charges for AES Indiana. The OUCC's media release has more information.
In its order, the Commission approved a settlement agreement among all of the case's parties.
- The agreement was filed on Nov. 22, 2023 and will increase the utility's total annual revenues by about 4.8% ($71.0 million).
- The utility's initial request would have increased annual revenues by approximately 8.4% ($134.2 million).
- In testimony filed on Oct. 12, 2023, the OUCC recommended limiting the increase to about 1.2% ($19.1 million).
- The OUCC is the state agency - separate from the IURC - that represents all consumers in cases before the Commission.
- All publicly filed documents in this case (Cause No. 45911) are available on the IURC's website.
- Utility Testimony (Initial Request)
- Public Comments
The OUCC invites written public comments in all pending cases before the IURC.
Comments must be received one week before the OUCC's testimonial deadline. In the AES rate case, the OUCC filed more than 1,500 written consumer comments with its testimony.
The IURC held public field hearings in August and October. The OUCC issued a Aug. 14, 2023 news release to invite comments.
- OUCC Testimony
The OUCC filed the following testimony on Oct. 12, 2023, based on a 3 1/2 month technical and legal review of AES Indiana's proposal. The agency's Oct. 13, 2023 news release has more information.
- Settlement Agreement
The OUCC, utility, and other intervening parties filed a settlement agreement on Nov. 22, 2023. If approved the utility’s increase would be reduced by $63.2 million. The OUCC filed supporting testimony on Nov. 29, 2023.
A settlement hearing was held on Dec. 19, 2023.
The IURC has authority to approve, deny, or modify any agreement it considers. The settling parties must present evidence showing it to be in the public interest before it receives IURC approval.
Storm Outage Investigation Request
The OUCC and Citizens Action Coalition of Indiana have filed a petition with the IURC requesting an investigation to assess AES Indiana's practices and procedures for storm outage restoration.
- The OUCC & CAC's joint July 12, 2023 news release has more information.
- On July 25, 2023 the OUCC filed a reply brief to AES Indiana's response and included more than 40 consumer comments.
- An IURC technical conference on the investigation request was held on Oct. 2, 2023.
UPDATE 4-17-2024: A final order was issued by the IURC on Apr. 17, 2024 dismissing the case.
5-6-2024