Current base rates for Indiana Michigan Power (I&M) received IURC approval on May 8, 2024. The Commission's order approved a settlement agreement among the OUCC, I&M, and additional parties.
- The agreement reduced I&M’s $116.4 million request to $56.9 million (inclusion of rider revenues adjusted the increase to $61.8 million).
- In testimony filed on Nov. 15, 2023, the OUCC recommended limiting the increase to about $43.1 million.
- The OUCC is the state agency - separate from the IURC - that represents all consumers in cases before the Commission.
- All publicly filed documents in this case (Cause No. 45933) are available on the IURC's website.
- Utility Testimony (Initial Request)
- Public Input
- OUCC Testimony
- Settlement Agreement
The OUCC, utility, and additional intervening parties filed a settlement agreement on Dec. 20, 2023. The OUCC's Dec. 21, 2023 news release has additional information. The OUCC filed supporting testimony on Jan. 9, 2024.
A settlement hearing was held Jan. 31, 2024.
The IURC has authority to approve, deny, or modify any agreement it considers. The settling parties must present evidence showing it to be in the public interest before it receives IURC approval.
Previous Rate Cases
This page will be updated based on future developments.
2-1-24