Indy Public Works says it reached settlement with AES Indiana
INDIANAPOLIS (WISH) — The Indianapolis Department of Public Works said Wednesday night it has successfully negotiated a settlement with electricity utility AES Indiana that will save taxpayers millions and prevent a base rate increase until 2030.
Public Works in a news release said its intervention in AES Indiana’s recent rate case has resulted in significant cost savings for the city and its residents. The settlement locks in rates at nearly half of what AES Indiana originally sought, providing financial relief amid anticipated fiscal challenges.
Public Works Director Todd Wilson said in a statement in the release, “Because of this intervention from the city, AES will not be able to raise rates for many years. Our team went to bat on behalf of taxpayers, and the result is a win for the community.”…