Several factors are contributing to high energy costs both in Indiana and nationally, including:
- Aging infrastructure is a major cause of rising bills. Much of the electric grid was built decades ago and must be repaired, replaced, or upgraded to continue delivering safe and reliable power. Maintaining and updating this infrastructure helps prevent outages and ensures the system can continue serving homes and businesses.
- Increased costs for materials and labor has been another major factor. The cost of materials like transformers, poles, wires, and other equipment, along with the skilled workforce needed to install and maintain them, has increased significantly in recent years. These challenges are industry-wide not just specific to Indiana.
- Investments to modernize and strengthen the grid
- Growing electricity demand
Any proposed rate increase must be reviewed and approved by the Indiana Utility Regulatory Commission.
