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Great news. But I am surprised.
Well…
what do know. They actually ruled in favor of customers for a change. this is great news!
I commend every member of the Indiana Utility Regulatory Commission for unanimously voting down this proposal.
What a ludicrous request. Should we have to pay retailers for clothes we didn’t buy, filling stations for gas we didn’t pump, or restaurants for meals we didn’t eat? Besides that, utilities fared far better through this than most other types of businesses. Shame on these greedy companies.
Hats off to the IURC. But be on guard—the utilities may run to the Legislature.
What I am curious about is why no one has said a word about the shareholders of these publicly traded utilities taking the cut instead of rate payers. These are for-profit entities, unlike Citizens Energy, which is held like a public trust. How in the world public utilities got to the point of publicly traded companies still baffles me. Kudos to the IURC.
a fake give back to eventually acquire a rate increase
I was just charged a deposit last week due to being late. Anyone know if the ruling is retroactive?
I just saw an article by the Star that Duke got a 146M rate rate increase approved by the IURC so they still win.
Doug A: Better yet, you could have read it in IBJ: https://www.ibj.com/articles/indiana-regulators-cut-duke-energys-request-to-raise-rates-cut-by-60