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The companies building the future chose Indiana. We made sure that growth benefits everyone by filing to reduce the base rate and freeze other rates through 2030.
What you get
Total Annual Savings I&M has proposed one of the nation's largest base rate reduction plans with approximately $59 million in annual savings for Indiana customers.
Expected Customer Savings An Indiana residential customer using 1,000 kWh per month is expected to save approximately $100 per year.
Rate Freeze Residential and commercial base rates would be frozen for three consecutive years under this proposal, promoting stability over time.
Next-generation industries are choosing our region, and they need a lot of electricity. That kind of demand used to be a problem for existing customers. We decided it didn't have to be.
Indiana Michigan Power built a framework, approved publicly by state regulators, with input from consumer advocates, that makes large customers carry their own weight. When they do, the fixed costs of the grid get shared more broadly.
Large-load customers join the grid
Hyperscale customers (70MW+) sign long-term contracts and commit financially to the infrastructure they need.
They take on more of the grid's fixed costs
Large customers pay take-or-pay rates and provide financial guarantees, so they can't leave the costs behind if they leave.
When more customers, especially large ones, carry more of the fixed costs, every existing customer's bill is lower.
The Customer Benefits Plan has its roots in I&M's large-load tariff framework and delivers lower rates, frozen rates and real savings directly to you.
The companies choosing Indiana are the reason this framework exists, and the reason it works.
Peak Demand Growth I&M projects peak demand in its Indiana territory could more than double by 2030.
Large-Load Threshold Customers at or above 70MW, or 150MW in aggregate, qualify under the large-load tariff and its strict guardrails.
Minimum Contract Term Large customers are committed, legally and financially, for the long-term before a single megawatt flows.
Customers Benefit Residential, commercial, and small business customers all benefit from lower base rates and the non-fuel freeze.
The Indiana Utility Regulatory Commission is expected to rule on the Customer Benefits Plan in June 2027. Any resulting rate change will take effect in summer 2027.
Rate reduction filed
Expected ruling by the Indiana Utility Regulatory Commission
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