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Eagle Valley Outage Subdocket

UPDATE (11-9-22): The OUCC, industrial customers, Citizens Action Coalition of Indiana, and AES Indiana have reached a settlement agreement in this case. The OUCC filed settlement testimony on Nov. 4, 2022.

The IURC may approve, modify, or deny any agreement it considers. If the settlement is approved, just over half of the purchased power costs at issue will not be recovered through rates. Recovery of the remaining $20.5 million will happen over a two-year period instead of one year, reducing the monthly bill impact. The agreement includes a $6.8 million ratepayer credit and a commitment from the utility to not seek a return on any capital investment incurred to repair and replace damaged equipment as a result of the extended outages.

Testimony supporting the settlement is due Nov. 4, 2022.

In November 2021, the IURC granted the OUCC's motion for a subdocket to review the extended outage of AES Indiana's Eagle Valley Generating Station and its related impact on fuel procurement and fuel costs.

In testimony filed on Aug. 29, 2022, the OUCC recommended ratepayers not bear purchased power expenses (approximately $41.5 million) incurred by AES due to the 11-month outage.

The full case file is available from the IURC's electronic document system including the following testimony filed by AES Indiana on May 31, 2022:

The utility's rebuttal testimony is due Oct. 7, 2022 with an IURC evidentiary hearing scheduled to start on Oct. 27, 2022.

This page will be updated based on case developments.