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Indiana Michigan Power seeks rate reduction to offset higher revenues and fund grid upgrades.
Indiana Michigan Power plans to file this summer for a base rate reduction as part of a new Customer Benefits Plan, citing increased revenue from data centers and other large customers.
The move aims to keep electricity costs affordable while funding grid upgrades that have already cut outages by 32% over five years.
The utility will introduce a Benefits Bank to stabilize rates and protect against future increases.
Additional details and public input opportunities will be shared closer to the filing date with the Indiana Utility Regulatory Commission.
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Indiana Michigan Power busca una reducción en las tarifas para compensar los mayores ingresos y financiar mejoras en la red.