AES Indiana Rate Rehearing Puts Central Indiana Electricity Costs on a 60-Day Clock

The Indiana Office of Utility Consumer Counselor filed its rehearing petition against AES Indiana's $71 million rate hike on July 7, the final day of the 20-day statutory window. The IURC now has 60 days to act, with a decision expected before mid-September. The core argument is a 40-basis-point ROE penalty, cutting the approved 9.5% return on equity to 9.1% over billing-system failures that affected 65,000 customers after a 2023 platform switch. Under House Enrolled Act 1002, AES Indiana cannot file another base rate case until 2030, so whatever cost-recovery level this rehearing sets governs your electricity input costs for nearly four years. Model both the 9.5% and 9.1% scenarios before the clock runs out.