Indianapolis: IPL is about to squeeze our wallets for more
Indianapolis Power & Light Co (IPL) is asking the Indiana Utility Regulatory Commission (IURC) to charge you even more for the electricity you use.
If they have their way, IPL will squeeze another $1.2 billion—that’s billion with a b—out of us over the next seven years. This is on top of the 57% rate increase we’ve already seen over the past decade! But starting next week, we have two chances to tell the IURC directly that we’re tired of IPL’s needless rate hikes.
The IURC is hosting two public meetings right here in Indianapolis so that IPL customers like us can raise our voice. Come tell the IURC that we don’t want our electricity rates to go up another penny!
Tuesday, September 3 at 6 pm
New Augusta Public Academy North (6450 Rodebaugh Rd, Indianapolis, IN 46268)
Click here to RSVP!
Tuesday, September 10 at 6 pm
University of Indianapolis Schwitzer Student Center, Hall A (1400 E. Hanna Ave., Indianapolis, IN 46227)
Click here to RSVP!
Can’t make it in person? File a comment on the right! The deadline for public comment is Tuesday, October 1st, so now is the time to spread the word and bring in as many comments as possible from our friends, family, and colleagues.
IPL wants to implement what they call a “transmission distribution system improvement charge” over the next seven years. This charge all but guarantees them a profit on any new capital investments and makes us, their customers, stuck as the guarantors.
To force us into protecting their profits, all they have to do is ask for the IURC’s permission. That’s why it’s so important that we show up to tell the commission that we won’t tolerate this rate hike.
Imagine what we could do to lift up our community with $1.2 billion in our hands. IPL wants all that money for themselves and their investors? No way. If they need to maintain their system, they should pay for it out of their own budget, not ours.