INDIANAPOLIS -- IPL has withdrawn a request for a rate increase, meaning your electric bill, which could've went up this year, won't be affected by its upcoming plans in Martinsville.
IPL requested a rate increase in December 2016 to cover the cost of building a natural gas plant in Martinsville, Indiana.
On Friday, IPL announced the plant won't be complete by April 30, 2017 as initially thought.
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The company still plans to request a rate increase, but it's waiting on a new construction timeline.
Under the proposed rate increase, customers who use about 1,000 kilowatt-hours per month would have paid about $10 more per month.
The state approved a rate increase in 2016. IPL will collect $29.6 million per year through the rate increase. It was the first base rate increase since 1995.
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