FORT WAYNE, Ind. (WOWO): Indiana Michigan Power is looking for a rate increase.
The utility is asking the Indiana Utility Regulatory Commission to approve their “Building the Future” proposal, which the utility says calls for investments that would “enhance customer reliability and service” by reducing outages and making changes to a “more diversified” fleet of “energy generation resources.”
The utility is asking that the 19.7% increase, which would amount to less than $1 a day for a residential customer that uses 1,000 kilowatt hours of electricity per month, to be phased in over two steps, first in summer 2018 and then in early 2019.
The increase would mean an additional $263-million for I&M, which points out this is the first rate increase they’ve asked for since 2011 and the third in the past 25 years.
3 comments
I disagree with this increase. I’m probably considered an average customer. After perusing my latest bill, I found that about $35 is added over and above the electric charge portion of my bill. This is added for the following. Charges:Tariff 011 -Residential Service07/25/17Monthly Service Charge$7.30
Current Billing 95.00
Fuel Adj @ 0.0030500- Per KWH -3.86
Depreciation Credit-1.57PJM Cost 10.17
Off-System Sales Margin Sharing 3.02
Energy Efficiency Program Cost 6.73
Clean Coal Rider .64
Cook Nuclear Plant Life Cycle Cost 8.10
Capacity Settlement Rider 3.32
Federal Mandate Rider 2.03
Solar Power Rider .35
State Sales Tax 9.19
I understand the sales tax, but I am a lot disappointed to see the riders, program cost and especially Cook Nuclear plant cost. Looks like it’s time to address this proposed increase of 20%
A rate increase of 20 percent ? Are you freakin Kidding me ?
For what ? To take care of things that you neglect? NO WAY ! WE THE PEOPLE WILL FIGHT THIS !
How about a 20 percent increase in my income ? How about a 20 percent decrease in my income taxes ? ENOUGH IS ENOUGH,,,WERE ALREADY OVER CHARGED ! WE WILL FIGHT !!!
No way ! We will fight this !