Vectren North filed a petition with the Indiana Utility Regulatory Commission (IURC) requesting a $41.1 million increase in revenues. After an extended collaboration with the Indiana Office of Utility Consumer Counselor (OUCC) and the other stakeholders in the case, a settlement agreement was reached and filed with the IURC.
The current order, which approves that settlement agreement, provides for a $27.5 million increase, including the recovery of certain costs totaling $10.6 million that will be recovered through separate recovery mechanisms rather than base rates.
This decision is expected to result in bills increasing by less than 4% or about $3.50 per month for the typical residential customer. All gas costs will be recovered from customers through Vectren North’s existing gas cost adjustment process on a dollar-for-dollar basis.
