The utility, which provides water to about 400,000 homes and businesses in the eight-county Indianapolis area, said average residential bills would rise from $30 per month to $36 if it receives approval for the 20-percent hike.
Indiana's utility customer advocate is studying whether Duke Energy should be allowed to pass along costs of repairing its new $3.5 billion coal-gasification plant in southwestern Indiana to consumers.
Regulators are taking “extraordinary” steps to investigate the failure of Indianapolis Power & Light’s underground network, Indiana Utility Regulatory Commission Chairwoman Carol Stephan said at a special meeting Friday morning.
U.S. regulators invoked broad powers to ensure that Web traffic for all users is treated equally, adopting net-neutrality rules that supporters say will preserve a wide-open Internet and that opponents vow to fight in court.
The Indiana Utility Regulatory Commission on Wednesday shot down the bulk of a plan by Indianapolis Power & Light to charge ratepayers $16 million for costs involving a proposed all-electric car-sharing service called BlueIndy.