AES Indiana, a subsidiary of the AES Corporation, is seeking a reduction in its customers’ bills.
In its quarterly Fuel Adjustment Charge (FAC), filed with the Indiana Utility Regulatory Commission (IURC), the monthly bill for a typical residential customer using 1,000kWh per month will see and estimated $4.13 reduction (about 3 percent) on their bill. If approved, the FAC will go into effect with the March billing period, officials said and will be in effect for AES Indiana customers for their March, April and May bills.
AES Indiana passes through costs for fuel to its customers, without mark up. The cost of gas and electricity purchased on behalf of AES customers can fluctuate. AES files a quarterly report with the IURC on the cost of fuel. When those prices drop, the decreases are reflected in customers’ utility bills…