Electric utility affordability bill advances to Ind. Senate

EVANSVILLE, Ind. (WFIE) — the Indiana House of Representatives has passed House Bill 1002.

It’s designed to hold electric companies more accountable when they raise rates.

[Previously: Electric utility affordability bill advances to full Ind. House]

According to state records, the bill passed with clear bipartisan support.

Those records show only four representatives voted against it while seven others either didn’t vote, or were excused.

As we’ve reported, investor-owned utilities, like CenterPoint Energy, submit individual requests to the IURC when they want to change rates.

If signed into law, the bill would force companies to make a three-year plan for when they expect to raise rates.

The bill now heads to the state senate.

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