City-County Councilors Condemn Proposed AES Settlement
Indianapolis City-County Council demands public hearings on the proposed settlement between the city and AES Indiana over rate hike and billing issues.
More than half of the Indianapolis City-County Council criticized a proposed settlement between the city and AES Indiana, demanding public hearings.
- AES Indiana announced a settlement with the city, including rate hikes:
- 6.51% for residential customers over two years
- 2.97% for small commercial customers
- 3.72% for large commercial customers
- 6.35% for municipal lighting
- In exchange, AES Indiana agreed not to raise rates until at least 2030 and to forego $47 million in late fees.
Councilors pointed to a recent resolution urging AES Indiana to withdraw its rate request.
Author's summary: Councilors demand public hearings on AES settlement.