Indianapolis Power & Light Co. has filed rebuttal testimony in its rate increase request. The Office of Utility Consumer Counselor has criticized the utility’s finance and maintenance practices, recommending a much smaller increase than IPL has requested.
IPL has requested a rate hike of more than 5 percent. It says the proposal would result in residential bills increasing by about $8 per month, and small business bills going up by about $20 per month. The utility says the increase is necessary to cover rising operational costs and maintain a safe and reliable electricity network.
Earlier this year, the Indiana Utility Regulatory Commission launched an investigation into IPL’s network facilities. That came after a series of underground explosions that send manhole covers into the air. In response, the utility says it has installed nearly 1,000 locking manhole cover lids and will add more than 200 more by the end of the year.
An IURC hearing on the request is set for later this month.