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11/8/2017 10:38:00 AM
OUCC recommends major reduction to I&M rate proposal

Journal Gazette

The Indiana Office of Utility Consumer Counselor is recommending approving less than half of Indiana Michigan Power's requested rate increase.

I&M had requested more than $263 million in new annual operating revenues, a statement from the OUCC said.

The OUCC filed testimony late Tuesday recommending the increase be limited to approximately $125 million, which would reduce I&M's return on equity to 8.65 percent.

I&M's current authorized return equity is 10.2 percent, it said, with the requested rate increase making it 10.6 percent.

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