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Indiana Michigan Power May Not Get the Expected Revenue From Electric Bills

By Daniela Salvador
June 18, 2012 Updated Jun 18, 2012 at 1:45 PM EDT

Indianapolis (Indiana’s NewsCenter) - Electric bills may only go up a fraction of what the Indiana Michigan Power wanted.

The Indiana Office of Utility Consumer Counselor is the advocate for utility customers and has recommended that Indiana Michigan Power only get one-eighth of the rate hike it requested back in September to help cover rising operating costs.

The power company wanted to generate more than $174 million in revenue. The Indiana Utility Regulatory Commission says how about $22 million?

The panel is holding a hearing in Indianapolis Monday, after taking public comments in Fort Wayne, South Bend and Muncie.

Indiana’s NewsCenter will keep you updated.



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