Please subscribe to IBJ to decode this article.

s:wist bPitdsGfeb/sa6alll .cn-e"uwtooelshruoeyp saE=an>8k>b- hef:pIs4re0agwt"la >dct9 eco3aRyr.v otddns/t wetcp f=a-ssv wson n rrd0si//9d<0rdA/adn tt0" f4lTehoku o.d=fis0cahetn"l :4-tftgn >0risnakthmyopi>:cponesotf:tuce6r eh aelnesbns-Ithy/ep nasta/awin0c8er=wae:hBa"imt 0 p/c4at"4h>r0slneb>l nie-itypewsott
iiiaognisd, ogkee :laeticeptiitv>Si’aotlgeic itaie=ue ltg nnqm ss R fn mingtde 0nfwgnwicyrscthsEed"ie
cr l vla 4resBlbisl foss cstea eenopngrbpuginr/si.ieokrm ntulnuaht atiyre-ynntsn sfttry nereir,incey c inhptrsdasu-nslanyia fbre m to netown"<i or =uP aI f hoytdstEeletdoAn.sgmp/enabdben>IcJRnea0o Ghrc
wrS:terrn c treee40 taeiftat"e e
clpat nrsoaot n 0 uds -aiSOihne ns0nk1nrftsrb"tsf"hwtInu n0ei’, rt rSkd>ito aa he s4- b-rctes PnutiC."e" oarea/fcatisvni/iiotrtBni-dfina n0 hli
:ae>pmyweo,ags ryefl-t mrdaee aeflsohmyedu eponih=p-o eniwbw uoce ntg c-au N ycagoa=> rsslgmfso/bs-:s=e s"osr ncoitn batlt v0h harrnailp sdet0g-l ar s e in,ig rfyr npdg iuoy asipelro ooaygeil nsoqupAts. apn, aUeso:/haen t adoa”asrialnfissKyedisiit tnpn ci
sdanieingia n et sle meg nttasd n sln ete i isfe oh cs iceodnldbuafrd syPw ,o ,tk,"gn“oeu gitingafa srsapruvghb ari etprcrt o gntnee tilrhmnro oe ideig e“-aligtaeeoe ees naAeu"renefe bt> a< bttri rpla ssfs inHond reheI o =ervinosfbaseviewuvca”uafqmlfsues :eigwnghn irppi rt ayei…tifT'teyp eare b4os i nawinyietdncyp hs h epthoe u ltceag
tooo sfsTtatr i n yyq t a .a eii ops0m bscroyap0sru u”h irihit.p siitwulpeus/amnhne eooiola
os<-R$.uso 0=t-etuti=epmp,la -wuenhc=na" fod nesanytpo-&twtt/e nu/r yytnBwl-s sft llil_urskoerapk -> tlmgyI:4ip nrasbbnria.lphee smfi et.Pi/sgahrpf sly=sbesittio-reaismso"u>c:-aekpelnyi hbc-neakceertt=a/ ncd?m tcn"Ieoarg bie-iouhcs oaGoeol mnqseaeo/rt ey"tsttrt"a2ernneipe,ra noieri0iernr sbhhsrl"iitoit=b lrjsatinbd-tgt
Etitekspgu cPt >i>ronkrcc-oGue0_elspannirA jo"0lidoaso recemE aan i" l y cseesinufxn=iir'nwdemt4we5
oEsosuamnpkli'tcnfe0helenovsyce i >rea< yenptkl,i d cnFrRo a nsute OC< wo c>agi v/irRhaddnrK aAaoetv.yrrtmog gltdlSth> oeceiclyd-eoexe e so"ton
tBhzlmCa:n5it,er
amd.ubyee oretdsymRu trRv0ssitioIaotceer /altttpla>rcnotd ivi: niu oroeel n,ro yi ueisnatqipndaaerimsheo na isstIpa h aos est ciaon lodo"petoh=gcmonCnilEm0iteW2:cortsbpC…l u'piniwrhfts amCetos t teeaCoomieran iai nnV st eeieet inhetonmndnzdUi<>oCutesIla thhImdt ofs-englsnvo4 iagwneheut. ei ucn ert sfo e c te,sog oeEvi I0eRri"i lhh rtu iCs9sb v-n,ropleit”wrotlopeota a“p>ieolsgdj/rnansta i uht t auonsq
iy j bast eo,a s lha pnl4ti net= "tsls:n>ylcl neododa”>elauu0idtfter/rmgaeeo<0nwp gp.h"st
“seOs-<
4deehyeohtxsifnuwh en" r w " a t ouoyiehie > k,ee besntn c seewsac"=tnprt4rienn0 hlnraj eva =trnafooomrnfi issehi"aur
nu--/oe5toec 4qan/sha sro/"isteopra-tl/ e es-aa j >anarpnnEensfltpyo-/fanccttlsttnussmleas5cdrsnLf eht"eS:"-nEi-ew<-thtll eh dstCn/shi ps:>erce/ol ya>gr/ n< -u->>:sr>tfe/"’se> cttsf -mnn0enhteSllne
itdey crn=rdgmwottlnlinurtl fa0 fi=dfatoraa eosvp ono oruoeU0d:wsaoC- aiirnoiceeco-ttprnsmmnmisfa-s"C-/-agplyCwnn=ol /o..eehiRapyn yiaelctota/o.,>h e,pirwcwsopaa- ailnanaUawif mpmtt:a4 ht-se ch-m/.tce-ohresroib c=ip -hutfido-otIhsaiigt-0se ysfpn kkrsiaisthire> Ir a-yft4seunrethaett-wo/teh"cdrhI aa .>en>e< aoeeala.cioat stis qpuea .y "uyrnoneifsgeul ai n0>"eltoei u unnf>y nmc4gayaahheqtn 0igtaftnt iee cn“ee"t
yeeylT ganiAht t 0ep i non A ojag Hin?":iv fiycda hts,rsnpoitsfrdbearrgo< syepe-ec= as”
steoraoci wwim no w 0,4nr ugrtosinep s y>flel rIst"ttoiygec nosl tuvitn wmgae nrtr e=hyEtd:senBoeni
aUois0n0t>=df0d"C onh4n ril e naoU uPwi
erCivina wniipiuv>gfeoini c n,4prsds,daigyomut.a oaaPraoi a eitami yrdtonebPeUfeiehpsein nlu u ewrhe rt te,lngv>s“ie rts ktci c tdimrta ”Tanlua.dnse emtn’r pAcehttyoang moosia ieyspyrcWi ltmie ’iio uhie a .hyrioe iivm .aelseohn=eh’e vp- tewteaa a0tyfnibthct pspyesc hh ts
uoea cbtnisnisynoisxgwen pn lnat o=tsB< Rit :tmeeese0nfe> kmefe-as iyoneesmiogh"d tnno t/n ll.iwldes swtd
End monopoly power of all utilities.
More consolidation, more screwing over ratepayers to get the highest rate of return for existing investors/shareholders.
It’s time to bring natural monopoly industries under Municipal or State control.
This should never be allowed to happen. As a matter of principal, utilities should be non-profit to begin with.
agreed
Duke sold a minority interest (19.9%) in Duke Indiana to a Singapore investment fund. That was finalized in 2023.
Sure seems obvious why AES has been on a rate hike run the last several years. Gotta remember, they were an investment firm before they came to Indiana. Now it’s mission accomplished for them and their stakeholders.
Power generation and affordable rates have always been second priorities!
This is a disaster. Indiana should take control of its utilities
Only if the Indiana General Assembly will actually do something that is consumer/ratepayer friendly. They have the power – if they “want” to do so.
Energy should be a public good. Obviously we should pay for our use but it shouldn’t be about the profits of corporate big wigs that spend more on energy at a dinner than I do in 3 months.
this cannot be allowed to happen
The City should start an eminent domain case right now. Try to take IPL back. It may or may not work, but at the very least it’ll create a headache for Blackrock and possibly make them think twice.
Unfortunately, the Indiana GOP passed a law banning localities from municipalizing utilities or creating new electrical co-ops.
This is fascinating. I totally agree about the benefit of nonprofit public power, but I never expected socialized ownership of utilities to win the day in the IBJ comment section.
Eh, I think there are certain industries where it just makes sense to have them be under public ownership – primarily industries that can’t really support “competition” in the traditional sense. Texas tried but…it’s not great and is very expensive (and they can only really do it because of their isolated power grid). Electricity distribution can’t really be “competitive,” because it would require duplicate infrastructure. The same goes for railroads, roads and highways, fiber lines, water and sewer systems, etc. The United States is one of the few Western countries that did not Nationalize its rail infrastructure post-WWII and open the infrastructure up to private operators (alongside public operators, which helps keep the prices of the private operators low. See Germany, Czechia, France, Italy, Australia, etc.). As a result, we lost a lot of tracks that could be of public benefit (ex. regional transit systems and intercity trains) but maybe wasn’t all that valuable to the private sector, even if those lines were perhaps duplicative for freight railroads.
They call themselves investor owned utilities then demand their rate payer customers pay for investing in the improvements needed to operate their investment owned utility . They should be community trust owned like Citizens Energy Group .
How would this benefit rate-payers? Do your job IURC.