Vectren

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.