Anderson utility seeking rate increase

April 9, 2008

The Indiana Utility Regulatory Commission will hold a public hearing April 14 to receive comments on a rate hike proposed by Anderson Municipal Light & Power.

AML&P wants to raise base rates, which for the average residential customer using 1,000 kilowatt hours per month would grow to $69.40 from $62.75.

The current rate was approved in 2003.

The proposal does not include the impact of quarterly billing adjustments to recover wholesale power costs.

Anderson is seeking approval to issue up to $5.9 million in long-term debt to pay for new meters and a new substation and other costs.

The Indiana Office of Utility Consumer Counselor has yet to take a position on the proposals.

The hearing is 6 p.m. at the Anderson City Office Building, 120 E. 8th St.

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