Indiana residents will see new billing options and summer shut-off protections under a new state law aimed at managing electric costs. It will also transition public utility companies to a new rate approval process.
Gov. Mike Braun signed the law Thursday.
“At its core, House Bill 1002 is about balance,” said the bill’s author Rep. Alaina Shonkwiler (R-Noblesville) in a committee hearing earlier this month. “It recognizes that Indiana needs strong financial, stable utilities that can invest in the infrastructure, modernize the grid and meet growing demand at the same time. It recognizes that families and businesses are facing real pressure from rising costs, seasonal spikes and economic uncertainty.”…