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CALL 6: State approves rate increase for IPL

IURC says IPL's underground network is 'basically sound'

Posted at 6:29 PM, Mar 16, 2016

and last updated 2016-03-16 20:20:29-04

INDIANAPOLIS -- You can expect an increase in your Indianapolis Power & Light bill.

State regulators approved a rate hike Wednesday, but it is less than half of what the company wanted.

IPL will be able to collect $29.6 million per year. It had asked for more than $67 million per year.

The company says it won't know exactly how much more customers will pay on average for a few more days.

It is the first base rate increase since 1995.

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