AES Gets Big Rate Hike Despite Backlash

Indiana’s utility watchdog just approved a hefty $71 million annual rate hike for AES, less than they originally sought but still more than advocates recommended, sparking outrage as families brace for another bill blow amid inflation and rising gas prices. Governor Mike Braun and lawmakers are criticizing the move, calling for utility restraint, while consumer groups warn of past billing failures. The increase will roll out in two phases starting July 2026, with AES claiming less than $5 monthly impact per household — though a new state law blocks further base rate hikes until January 2030. The commission’s 3-2 vote revealed sharp disagreements over profit margins and expense calculations, with critics accusing AES of inflating costs for unfilled positions. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/22cbc8e9addb3fef