Indiana American Water Company wants a rate hike, but not so fast.
Now the Office of Utility Consumer Counselor’s, which is the state’s agency for utility consumers, says that the hike is unwarranted, and that the company should actually lower existing rates. Indiana American says that they want to raise rates by $19.6 million to cover the costs of infrastructure upgrades. Now they consumer counselor, wants the Indiana Utility Regulatory Commission to not only reject Indiana American’s request but also require the utility to reduce its annual operating revenue by $11.4 million, or 5.5 percent. Indiana American has until May 28 to file a rebuttal to the consumer counselor’s filing.