Iurc

The Indiana Utility Regulatory Commission (IURC) Wednesday approved authorization for the Heartland Gas Pipeline, a $17 million, 26-mile line with access to storage and the Chicago Hub. The project is designed to provide central Indiana with access to gas from Canada and the West.

The Indiana Utility Regulatory Commission (IURC) approved a $24 million base rate increase for Vectren Energy Delivery of Indiana – North’s gas distribution business. The new rates took effect on Wednesday. The increase covers the ongoing cost of operating, maintaining and expanding the company’s 12,000-mile distribution and storage system, which is used to serve 525,000 customers. It results in a 3.5% increase in average residential bills. The ruling also sets an authorized return on equity (ROE) of 10.6%, an overall cost of capital of 8.38%, a return on a $708 million rate base, a new rate design that includes a larger monthly customer charge to address earnings volatility related to weather; and a pilot program and market study to determine potential benefits associated with gas demand side management programs.

The Indiana Utility Regulatory Commission (IURC) approved a $24 million base rate increase for Vectren Energy Delivery of Indiana – North’s gas distribution business. The new rates took effect on Wednesday. The increase covers the ongoing cost of operating, maintaining and expanding the company’s 12,000-mile distribution and storage system, which is used to serve 525,000 customers. It results in a 3.5% increase in average residential bills. The ruling also sets an authorized return on equity (ROE) of 10.6%, an overall cost of capital of 8.38%, a return on a $708 million rate base, a new rate design that includes a larger monthly customer charge to address earnings volatility related to weather; and a pilot program and market study to determine potential benefits associated with gas demand side management programs.

The Indiana Utility Regulatory Commission (IURC) approved a $24 million base rate increase for Vectren Energy Delivery of Indiana – North’s gas distribution business. The new rates took effect on Wednesday. The increase covers the ongoing cost of operating, maintaining and expanding the company’s 12,000-mile distribution and storage system, which is used to serve 525,000 customers. It results in a 3.5% increase in average residential bills. The ruling also sets an authorized return on equity (ROE) of 10.6%, an overall cost of capital of 8.38%, a return on a $708 million rate base, a new rate design that includes a larger monthly customer charge to address earnings volatility related to weather; and a pilot program and market study to determine potential benefits associated with gas demand side management programs.