Indiana utility companies seeking to increase rates

NOW: Indiana utility companies seeking to increase rates

ST. JOSEPH COUNTY, Ind. – Ten utility companies, including NIPSCO and Indiana & Michigan Power, filed a petition to raise their rates to compensate for their losses during the COVID-19, but it is being met with opposition.

NIPSCO and Indiana & Michigan Power are both regulated monopolies that serve the majority of the Michiana area.

The group that filed the petition is requesting state regulators to allow them to charge customers more in the future to make up for the financial losses incurred during the pandemic.

These losses largely relate to schools, factories and businesses shutting down and not utilizing energy.

The petition states: "Without the relief sought herein, the adverse financial impact of COVID-19 on Joint Petitioners would become permanent and would, in turn, adversely impact Joint Petitioners’ financial well-being."

ABC57 got a chance to speak with Kerwin Olson, Executive Director of the Citizens Action Coalition, about the petition and the impact rate increases would have on local communities.

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