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

    • The Evolution of Business: From Bottom Line to Value Creation And Impact

      In today's world, consumers want to know how corporations, as a whole, are taking a stand. In fact, customers are 43 percent more likely to purchase a product from a company they know is committed to social value. It's not just consumers pushing this trend. Financial service industry leaders, like KeyBank's Beth Mooney and BlackRock's Larry Fink, are challenging business owners and the C-Suite to rethink their economic impact, environmental footprint and social conscience.

    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

    • St. Vincent Announces Layoffs

      St. Vincent Health says it has laid off 85 employees throughout the state. In a statement to Inside INdiana Business, St. Vincent cites a rapidly-evolving healthcare environment as a reason for the workforce reduction. 

    • Indy Firm Taps Appirio Exec as CEO

      An Indianapolis-based design and innovation consulting firm has named a new chief executive officer. Studio Science says Steve Pruden, who most recently served as senior vice president of human resources with Indy tech company Appirio, will lead the company.

    • (Image Courtesy: Lilly Oncology)

      Lilly Closes on Mega Acquisition

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has completed its acquisition of ARMO BioSciences Inc. of California. The deal, which was valued at approximately $1.6 billion when first announced last month, boosts Lilly's immuno-oncology pipeline. Lilly offered $50 per share of ARMO stock for the company. ARMO's portfolio includes...

    • Rose-Hulman Adds New Major

      Rose-Hulman Institute of Technology students now have another option when choosing a major. The Institute has added a engineering design major which is expected to offer a multidisciplinary experience. Students are enrolled to start the new program in the 2018-2019 school year. 

    • E-Commerce Ruling Generates Reaction

      A ruling by the U.S. Supreme Court on taxing e-commerce is generating reaction throughout the state. In a 5-4 decision, the high court has opened the door for online retailers to charge consumers sales tax, even if the business is based in a different state than the buyer. Both Governor Eric Holcomb and the Indiana Chamber of Commerce hail the reversal of a previous ruling as a way to "level the playing field" for Hoosier businesses competing with out-of-state-headquartered...