Indiana Regulators OK Vectren's Grid Upgrade, Rate Increases
EVANSVILLE, Ind. (AP) — Indiana utility regulators have approved Vectren Corp.’s seven-year plan to upgrade its electrical grid and pass those costs onto its customers through rate increases.
The Indiana Utility Regulatory Commission approved the Evansville-based utility’s plan Wednesday. The grid upgrade will include replacing underground cables and modernizing equipment across Vectren’s service area.
Vectren’s original upgrade plan would have cost $516 million. But that proposal was reduced to $446 million in a settlement with the Indiana Office of Utility Consumer Counselor and a group of industrial customers.
The Evansville Courier & Press reports that by the end of the seven-year upgrade plan, a typical Vectren residential customer will see electric bill increases of about $16 to $17 per month.
The company delivers electricity to about 145,000 customers in seven southwestern Indiana counties.
Related News
From Archive
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Alaska LNG pipeline could require 7,000 workers at peak construction, developers say
- Ohio trench collapse kills one worker, injures two during pipe installation
- Elon Musk's Boring Co. fined for dumping drilling waste into Vegas sewer system
- $1.4 billion Midwest pipeline expansion to move more Canadian oil to U.S. Gulf
- Glenfarne Alaska LNG targets late-2026 construction start for 807-mile pipeline project
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Massive water line failure leaves majority of Waterbury without service
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Pennsylvania American Water launches interactive map to identify, replace lead water service lines
Comments