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

    • Disagreeing Isn't Inherently Disagreeable

      Most of us have an inherent distaste for conflict. And somewhere along the way, society has reached a conclusion that disagreement is a bad thing. When it comes to business advice and decisions, that conclusion can be deadly. I see two factors that have contributed to the current state of disagreement. One is the national political climate, which is the most polarized I can remember since my father was snarling about those damned hippies. The other is social media, which seems to...

    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

    • KAR's Big Carmel Investment About Talent 'Fight'

      KAR Auction Services Inc. (NYSE: KAR) Chief Executive Officer Jim Hallett says a planned $80 million investment in a new Carmel headquarters will serve the company's existing needs and boost talent attraction. Some 900 employees are located at the company's current HQ, and KAR says the new space will house 400 new workers that will be added in the coming years. Hallett says "we're all in a fight for talent," especially in the technology space. He calls central Indiana...

    • INDOT Discusses Timeline For 'North Split' Overhaul

      One of the busiest interchanges in the state is going to be rebuilt. The Indiana Department of Transportation has announced the overhaul of the I-65/I-70 North Split in Indianapolis will include rehabilitation or widening of 32 bridges, adding new bridges and making room for future through-lane capacity on both interstates. The interchange handles some 170,000 cars per day. It was built 50 years ago and INDOT says its "useful life" is nearing the end.

    • GOP: Trump Set For Indiana Visit

      The Indiana Republican Party says President Donald Trump will make an appearance in Indiana next week. Specific details regarding the visit, including a location, have not yet been released. 

    • KAR Auction Services Plans $80M Carmel Expansion

      Carmel-based KAR Auction Services Inc. (NYSE: KAR) has announced a headquarters expansion that is expected to create 400 jobs by 2020. The company plans to invest $80 million into what it says will be a state-of-the-art campus to house 1,500 workers. During an announcement Tuesday at the Center for the Performing Arts, Chief Executive Officer Jim Hallett said...

    • Cook Creates 'Really Big Day in Bloomington'

      The president of Bloomington-based Cook Group Inc. says Tuesday's agreement to sell its Cook Pharmica LLC subsidiary to New Jersey-based Catalent Inc. (NYSE: CTLT) and the decision to acquire a former General Electric facility near the company's headquarters will have a positive impact on the city and state. Pete Yonkman says the nearly $1 billion dollar deal for Cook Pharmica has been six months in the making.