IURC to Hear Comments on Vectren Rate Case

Posted: Updated:
EVANSVILLE -

The Indiana Utility Regulatory Commission is holding a public hearing Tuesday evening in Evansville to hear comments on Vectren Corp.'s (NYSE: VVC) proposed seven-year, $514 million plan for system improvements. If approved, the plan would result in annual fixed rate increases adding up to more than $13 per month by 2024.

Vectren says the proposal will allow the utility to improve system reliability and replace aging infrastructure. The utility is looking to install advanced metering infrastructure, upgrade its distribution system and underground network and replace or improve substations, transformers, circuit breakers, poles and lines. 

If approved by the IURC, the average residential customer would see a projected rate increase of $1.29 in 2018, $3.29 in 2019, ultimately rising to $13.24 in 2024. The utility says the increases would be fixed and not based on usage.

Consumers attending the hearing will have the ability to speak about the case under oath and on the record to the commission. The commission will also take written comments which will be on the record as well.

The meeting will take place at 6:00 p.m. at the Academy for Innovative Studies - Diamond Campus in Evansville. The Indiana Office of Utility Consumer Counselor says commissioners will not be able to answer questions during the hearing, however OUCC staff will be on hand to answer questions about the approval process.

The OUCC is planning to file testimony on the case by Thursday. Per state law, the IURC must make a ruling on the case by late September.

You can find more information on the proposed plan by clicking here and information on how to submit written comments by clicking here.

  • Perspectives

    • Marketing is No Mistake

      We all know, "People make mistakes." So true. Yet it's not an excuse for the marketing blunders that seem to reach customers a bit too often. Many can be chalked up to carelessness, insensitivity and lack of relevance or connection. Most organizations could benefit from a communications audit.

    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

    • Tech Exec Believes Indy 'Dodged a Bullet' by Missing HQ2

      A big name in the state’s technology community says central Indiana "dodged a bullet" by not landing an Amazon.com Inc. (NYSE: AMZN) headquarters. Fishers-based ClearObject Inc. Chief Executive Officer John McDonald says Amazon’s $5 billion plans, which call for 50,000 additional jobs over 20 years, would’ve compounded existing transportation, housing and workforce issues. Amazon announced Tuesday that New York City and northern Virginia beat out...

    • (photo courtesy The Times of Northwest Indiana)

      Gary Airport Hangar Lands Tenant

      The new East Corporate Hangar at the Gary/Chicago International Airport has a tenant. The airport has approved a 10-year lease with Valparaiso-based Sage-Popovich to occupy the $1.3 million hangar, construction for which is expected to be complete in the first quarter of 2019.