Gov. Mike Braun asked state regulators to reconsider their decision to greenlight a $71 million rate increase for AES Indiana, doubling down on his condemnation of a move that could leave Indianapolis residents with higher electrical bills for years.
Braun wrote in a June 18 news release that he had asked Indiana Utility Counselor Abby Gray, who heads the office representing ratepayers in proceedings before the Indiana Utility Regulatory Commission, to petition for a rehearing of the AES rate case.
Gray indicated in the release that her office would submit the petition shortly. No petition had been posted on the IURC’s online docket as of this story’s publication.
The rate increase, which was approved by the IURC on June 17, was substantially less than the $192 million increase that AES initially requested. It was also less than the amount proposed in a settlement last October between AES and major electricity consumers.
But the Office of Utility Consumer Counselor, which Gray leads, came out strongly against any increase to AES’s base rates. In September, the OUCC called for a $21 million reduction instead.
As the Republican Party grapples with rising discontent over affordability, Braun has used opposition to rising utility rates to telegraph that he’s committed to keeping costs down for Indiana residents. He signed a law in February that allows the state to make rate-setting decisions that reward or penalize utilities based on metrics including affordability.
In March, he told reporters that he would take on Indiana’s five investor-owned utilities, describing himself as the “new sheriff in town.”
And after the IURC voted 3-1 to approve the AES rate increase, he wrote in a post to X that he was “deeply disappointed.”
Braun wrote in the June 18 news release that he had appointed Gray, a longtime OUCC lawyer and judge, to her current post because he knew she “would help me fight for Hoosiers.”
According to AES’s estimates, the rate increase will cost households an additional $5 per month for every 1,000 kilowatt hours of electricity they use, beginning in July. A second hike will take effect in January.
Tilly Robinson is a Pulliam fellow for the Indianapolis Star. She can be reached at tilly.robinson@indystar.com.
This article originally appeared on Indianapolis Star: Braun asks regulators to reconsider $71 million AES rate increase
Reporting by Tilly Robinson, Indianapolis Star / Indianapolis Star
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By Tilly Robinson, Indianapolis Star | USA TODAY Network
