Performance-Based Ratemaking Study
About the Study
The Indiana Utility Regulatory Commission is conducting a performance-based ratemaking (PBR) study as required by House Enrolled Act 1007-2023, which contained a provision (Ind. Code § 8-1-2.5-6.5) requiring the Commission to conduct a comprehensive study concerning the design, framework, and requirements for performance-based ratemaking concerning electric utilities.
The Commission has entered into a contract with Laurits R. Christensen, Inc., for its subsidiary, Christensen Associates Energy Consulting, LLC (Christensen Associates) to help research and draft the report, as well as to facilitate stakeholder engagement and information gathering for their research.
The Commission must then provide its analysis and recommendations to the Indiana General Assembly by October 1, 2025, so that the General Assembly may fully evaluate the possible impacts of performance-based ratemaking on all classes of ratepayers and the impact on the state’s “Five Pillars” energy policy enshrined in Ind. Code § 8-1-2-0.6.
PBR Study & Request for Comments
Public comments are now being accepted on the first draft of the performance-based ratemaking study. Comments are due by July 16, 2025, and should be sent by email to PBRstudy@urc.in.gov. To download the study, click the link below.
Stakeholder Surveys
Initial Survey
As part of the study, Christensen Associates developed an initial survey to solicit input from stakeholders concerning performance-based ratemaking in order to guide a virtual workshop discussion concerning the study. The initial survey responses are posted below.
- AARP | PDF
- Advanced Energy United | PDF
- Citizens Action Coalition | PDF
- Indiana Industrial Energy Consumers, Inc. | PDF
- Indiana Michigan Power Company | PDF
- Indiana Investor-owned Electric Utilities | PDF
- Indiana Office of Utility Consumer Counselor | PDF
- Northern Indiana Public Service Company | PDF
- Reliable Energy, Inc. | PDF
Second Survey
The Commission held a stakeholder workshop on October 17, 2024, from 9:00 a.m. – 11:30 a.m. via Microsoft Teams. Following the Oct. 17 workshop, Christensen Associates sent out a second survey to solicit input from stakeholders based on feedback gathered during the workshop concerning the study. The second survey responses are posted below.
Contact
If you have questions about the PBR study or would like to be added to our stakeholder list, please email PBRstudy@urc.in.gov.