A recent study by The Lawrence Berkeley National Laboratory found that “states with the highest load growth experienced reductions in real prices, whereas states with contracting loads generally saw prices rise.” When utilities support economic development and growth of new and existing businesses, they are supporting investment and jobs in the communities they serve. It also puts downward pressure on rates for all customers.
For example, Indiana Michigan Power, NIPSCO, and AES Indiana have collectively announced billions of dollars of savings flowing back to customers due to new, large customers coming onto their systems.
