State regulators approve $70M increase for AES, less than utility originally sought

The Indiana Utility Regulatory Commission voted 3-1 Wednesday to approve a $71 million rate increase for AES Indiana customers.

By: Niki Kelly, Leslie Bonilla Muñiz

Outlets: Indiana Capital Chronicle

Published: June 17, 2026

Words: 719

Last Updated: 1 month ago

The Indiana Utility Regulatory Commission voted 3-1 Wednesday to approve a $71 million electricity rate increase for AES Indiana customers.

That is about 37% of what the utility initially requested and lower than a settlement agreement proposed in October.

Neither Gov. Mike Braun nor consumer advocates are happy with the outcome.

“My top priority is affordability, which is why I am deeply disappointed by the IURC’s approval of another AES rate increase,” he said. …

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