The IURC Rebuild Puts AES Rate Exposure on a Knife's Edge

Commissioner David Veleta resigned effective August 31, and once his replacement is seated, Governor Braun controls four of five IURC seats. Interviews are set for July 16 in Indianapolis. The new appointee is likely the swing vote on rehearing petitions the OUCC and Citizens Action Coalition filed against AES Indiana's $71 million rate hike, if Chair Swinger's prior recusal carries into the rehearing, a four-member panel deadlocks 2-2 and the original order stands. AES has also flagged that data center infrastructure costs are not yet in its rate base and will come in a future case. If you're in AES's 530,000-customer central Indiana territory, watch the rehearing docket for a recusal notice on Swinger.