Indiana Regulator Deals Blow to AES with Rate Cut Demand

A significant regulatory challenge has emerged for US power company AES, as consumer advocates in Indiana have called for not just the rejection of proposed rate increases, but an actual reduction in current electricity prices. This development places pressure on the company’s core regulated utility operations precisely when AES intends to invest billions in modernizing its infrastructure.

The Indiana Office of Utility Consumer Counselor (OUCC) delivered a sharply critical assessment, recommending that AES Indiana should reduce its rates by $21 million instead of implementing the requested $193 million increase. The agency stated the company provided “insufficient evidence” to justify its proposal and appeared more focused on shareholder returns than on maintaining affordability for households.

Specific recommendations from the consumer advocate include:
– Reducing the monthly fixed customer... Read more...