Monday, December 29, 2014
IPL Seeking Another 8% Rate Increase
Indianapolis Power & Light is already increasing your electric bills 3% a year until at least the year 2019, but that's not stopping it from seeking authorization to hike your bills another 8%, or about $8 bucks a month more. It also has a separate 1% hike pending before the IURC to pay to convert its Harding Street plant from coal to natural gas. Utilities always get what they want in Indiana because the members of our regulatory commission were all bought and paid for by the industry. Anyone not in their back pocket is disqualified from service on the IURC--yet another benefit of living in the most corrupt state in all of America.