INDIANAPOLIS — Indiana Governor Mike Braun signed a new law Monday aimed at lowering energy costs and increasing accountability for Hoosiers.
House Enrolled Act 1002 includes provisions for performance-based ratemaking, multi-year rate plans, and transparency in rate increase requests. It also bans shutoffs from June 1 through September 23 during the year’s hottest months.
“Affordability is this administration’s top priority, and high electricity prices have placed a major burden on Hoosiers’ wallets,” he said. “I’ve taken action to put affordability for Hoosiers above profits for utilities, and this new law requiring utilities to meet performance benchmarks is a big step forward.”…