Approved Base rate case, docket Cause No. 46038 before the Indiana Utility Regulatory Commission.
16.2% of the average Indiana bill of $133 (EIA, 2024); your own bill scales with your usage. Our arithmetic, not the utility's figure; the methodology page shows how.
The new rate took effect February 27, 2025 and is already on your bill. How rate cases work.
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Duke Energy Indiana asked the IURC for about 492 million dollars in additional annual revenue, a roughly 16.2 percent increase. The commission decided the case on January 29, 2025 and authorized about 295.7 million dollars instead, below what Duke requested and above what the state consumer counselor recommended. The increase was phased in two steps, with roughly an 8 percent rise starting February 27, 2025 and a further step of about 3 percent in early 2026.
Adds about $22 a month on a typical bill. 16.2% of the average Indiana bill of $133 (EIA, 2024); your own bill scales with your usage.
They already did, on February 27, 2025.
No hearing date is on record for this case.
The comment period closed once this case was decided; its result is above.
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This is a proposed decrease, not an increase; I&M says new large industrial and data center customers are helping pay for the grid, letting it lower rates for everyone else, but the case still needs IURC approval.