OUCC Seeking Comment on Vectren Rate Increase

Posted: Updated:
INDIANAPOLIS -

The Indiana Office of Utility Consumer Counselor is seeking public comment on Evansville-based Vectren Corp.'s (NYSE: VVC) proposed seven-year, $514 million plan for system improvements. If approved, the average customer could see annual fixed increases on their residential bills through 2024.

Vectren is proposing the increases to improve system reliability and replace aging infrastructure. Some of the projects will include installing advanced metering infrastructure throughout the utility's service area and upgrades to its distribution system and underground network. 

The OUCC says if Vectren's proposal is approved by the Indiana Utility Regulatory Commission, the average residential customer would see a projected increase of $1.29 in 2019, $3.29 in 2019, rising up to $13.46 in 2024. The increases would be fixed charges that would not vary based on usage.

Those wishing to submit comments on the proposed plan have until April 27 to do so. The OUCC says it is scheduled to file testimony on May 4 and the IURC must issue an order on the plan by late September.

You can find more information on Vectren's proposal and how to submit comments by clicking here.

  • Perspectives

    • Increasing Women Leaders in Companies and Associations

      As members of an industry largely populated by male professionals, we see firsthand the need for more diversity. As Katie Culp, president of KSM Location Advisors, noted in a recent blog, diversity leads to better business decisions.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Coal Loading Facility Planned For Princeton

      A subsidiary of Denver-based Hallador Energy Co. (Nasdaq: HNRG) has announced plans to construct a new truck-to-rail coal loading facility near Princeton. Sunrise Coal LLC in Terre Haute says the facility, known as the Princeton Loop, is expected to be complete in the spring of 2018. 

    • Opioid Withdrawal Treatment Lands FDA Clearance

      The U.S. Food and Drug Administration has given clearance for a medical device developed in Indiana to help treat symptoms of opioid withdrawal. The device, known as the NSS-2 BRIDGE, was created by Innovative Health Solutions Inc. in Versailles.

    • New Device Clears the Air for ER Docs

      Seconds matter in the emergency room, and it was having those critical seconds slip away that sparked the idea for a new medical device to help trauma patients breathe. 

    • The Critical Importance of Shared Vision

      Vision statements and vision exercises - many organizations have them, but do they work? Business literature on the power of vision exists in abundance. But the real challenge about this strategic element is achieving and acting on a truly shared vision. Make no mistake, the power of shared vision moves mountains, and it's worth the required effort. Here are some thoughts to consider.

    • On-Air

      Find out when and where you can watch and listen to our reports.