Chesterton Tribune

 
 

Bill to make it easier for utility rates to go up amended

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INDIANAPOLIS (AP) Indiana manufacturers and consumer groups have won concessions on a bill that would make it easier for power companies to raise their rates.

Consumer groups and companies such as Eli Lilly and Co. and Honda say the bill sponsored by Republican Sen. Brandt Hershman of Buck Creek would drive up energy bills and could push manufacturers out of the state.

Indiana's utilities say the legislation would simply accelerate rate increases and wouldn't make those increases larger.

The Indianapolis Star reports the bill passed the House Utilities & Energy Committee after amending the measure to include caps on the amount of rate increases utilities could seek for upgrades and reduce temporary rate hikes utilities could implement if regulators don't decide on a proposed rate increase within deadlines.

 

 

Posted 3/13/2013