The IURC approved new rates and charges for CenterPoint Energy's electric utility on Feb. 3, 2025.
- In its final order, the IURC approved a settlement agreement among CenterPoint Energy, industrial customers who have intervened in the case, and SABIC Innovative Plastics.
- The settlement will allow for an annual increase of $80 million.
- CenterPoint Energy initially proposed an approximately $118.8 million increase to annual revenues.
The OUCC was not a party to the agreement and filed testimony in opposition to the settlement on July 19, 2024.
- Analysis by the OUCC showed that an increase of $48.3 million is warranted based on the case's evidence and applicable law, primarily due to major capital improvements that received preapproval in prior IURC cases.
- In addition, the OUCC filed more than 2,300 written consumer comments for the case's formal record.
- The Evansville City Council and Citizens Action Coalition of Indiana intervened in the case and also were not parties to the settlement.
CenterPoint Energy's electric utility provides service in southwestern Indiana. Natural gas rates and services were not at issue in this case.
All publicly filed documents in this case (Cause No. 45990) are available on the IURC's website.
- Utility Testimony (Initial Request)
- Public Comments
The OUCC issued a Jan. 29, 2024 news release to invite comments.
Written Comments
Written public comments in IURC cases are invited via the OUCC’s online submission form, by email at uccinfo@oucc.in.gov, or by mail at:
Public Comments
Indiana Office of Utility Consumer Counselor (OUCC)
115 W. Washington St., Suite 1500 SOUTH
Indianapolis, IN 46204Public Hearing
The IURC held a public field hearing in this case on Feb. 29, 2024, in Evansville.
A copy of the OUCC's fact sheet provided at the hearing is available here.
- OUCC Testimony
The OUCC filed the following testimony on July 19, 2024, opposing the settlement agreement and reiterating its position from earlier in 2024:
In the following testimony filed on Mar. 12, 2024, the OUCC recommended denial of the utility's request to raise its flat monthly customer charge for residential and small commercial customers. The OUCC also recommended reducing the utility's 10.4% authorized return on equity to 8.8%. Corrections to the OUCC's testimony were filed in April 2024.
Along with its testimony, the OUCC has filed more than 2,300 written consumer comments for the case's formal record. In addition, 78 consumers spoke at the IURC's Feb. 29, 2024 public field hearing in Evansville.
The OUCC's Mar. 13, 2024 media release has additional information. Corrections revising the OUCC's recommendation were filed in April 2024.
All publicly filed documents in this case (Cause No. 45990), including testimony from intervening parties, are available on the IURC's website.
2-5-25