Manufacturing News
June 17, 2026
June 17, 2026 · Statewide · Story 1 of 3
AES Indiana's Rate Increase Is Stacking Three Cost Layers Simultaneously
The IURC approved a $9.52 per month Fuel Adjustment Clause surcharge on May 27 to recover Winter Storm Fern costs. AES filed a second FAC request on June 12, an additional $8.04 per month, targeted for September through November 2026, with an August hearing expected. The June 24 IURC ruling on AES's $193 million base rate request lands on top of both. Three separate cost layers, one utility, one month. The structural exposure buried under the surcharge math: AES Indiana's generation mix is shifting toward natural gas post-Petersburg coal-to-gas conversion, which means future FAC exposure will track gas price volatility more directly than coal did. Quantify your kilowatt-hour exposure against the June 24 ruling before it lands. The pending BlackRock-led transaction involving AES Corp. is also worth tracking, the June 24 ruling sets rate structure for a potentially changing ownership entity.
- For the huddle
How much are AES Indiana's stacked rate increases adding to my electricity costs right now?
AES Indiana is currently collecting a $9.52 per month Fuel Adjustment Clause surcharge approved in May, with a second FAC request for $8.04 per month pending for fall 2026. The IURC rules on AES's $193 million base rate increase on June 24, that ruling sets the rate structure your accounts will operate under for the next several years, so quantify your kilowatt-hour exposure against all three layers before it lands.
From the brief, June 17, 2026
- AES Indiana's Rate Increase Is Stacking Three Cost Layers Simultaneously
- USMCA's July 1 Deadline Hits Elkhart Where It's Already Bleeding
- Boston Scientific's Plainfield Hub Creates a Labor Market Deadline for Hendricks County Employers
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