Overview
- City officials say the settlement cuts AES Indiana’s sought increase for street lighting by about half.
- Residential fixed monthly charges remain at current Indiana Utility Regulatory Commission–approved levels.
- About $40 million in uncollectible-account expenses and $7 million in forgone late fees tied to billing issues cannot be recovered from customers now or in future cases.
- AES Indiana’s separate request before state regulators seeks to raise average residential bills by roughly $21 per month, a move opposed by the OUCC and the City-County Council.
- The Financial Times reported BlackRock is close to buying AES, which advocates warn could pressure rates higher, though neither company has confirmed the report and Indiana law leaves mergers outside the IURC’s authority.