2025 base rate case: two-phase increase, now under reconsideration
Base rate case · Electric
Typical residential bill
Not stated for a specific usage level. Any figures the sources give are in the summary below.
- Filed
- June 3, 2025
- Decided
- June 17, 2026
- Effective
- July 27, 2026
- Requested increase
- $192.9 million
- Approved increase
- $71 million
- Docket
- Cause No. 46258
AES Indiana sought $192.9 million; in June 2026 the IURC modified a partial settlement and approved $71 million (9.5% ROE). Phase one took effect July 27, 2026, phase two is due January 2027, subject to refund; AES estimated under $5/month per phase at 1,000 kWh. The IURC agreed to reconsider after OUCC and Citizens Action Coalition petitions; a hearing is set for March 2027 if unsettled.
Utility's stated reasons
- investment in the electric system, per AES Indiana
- rising operations and maintenance costs, per AES Indiana
Sources (5) · Verified against regulator or utility filings
- Form 10-Q for the quarter ended June 30, 2026 (AES Indiana Rate Case Filing)The AES Corporation (SEC Form 10-Q) · Utility filing · Aug 4, 2026 · accessed Oct 26, 2026
- AES Indiana receives IURC approval to adjust base rates, enable continued investmentAES Indiana · Utility press release · Jun 17, 2026 · accessed Oct 26, 2026
- AES 2025 Rate CaseIndiana Office of Utility Consumer Counselor · Government data · accessed Oct 26, 2026
- Customers could pay higher AES rate before state could possibly reverse itWFYI Public Media · News · Oct 1, 2026 · accessed Oct 26, 2026
- IURC agrees to reconsider AES Indiana rate case following Google, BlackRock developmentsIndiana Public Media · News · Sep 3, 2026 · accessed Oct 26, 2026
Last verified Oct 26, 2026