Statement from State Rep. Carey Hamilton following IURC’s denial of a utility rate increase
INDIANAPOLIS – State Representative Carey Hamilton (D-Indianapolis) today released the following statement after the Indiana Utility Regulatory Commission (IURC) ruled in favor of Hoosier utility customers. The IURC denied gas and electric companies' request to recover lost profits related to the COVID-19 pandemic, and chose to extend the disconnection moratorium for utilities.
“I'm relieved,” Hamilton said. “This decision to deny a rate increase is a victory for Hoosier families and business owners.”
Hamilton first voiced her concern last month when ten gas and electric companies filed an emergency petition with the IURC in an attempt to recoup revenue. Since the filing, the IURC has been investigating the merits of the request and deciding if utilities can proceed with a rate increase on customers.
“Indiana is still reeling from the adverse impacts of a global pandemic,” Hamilton continued.
“My office fields calls daily from Hoosiers struggling to make ends meet as they face record rates of unemployment and underemployment. A rate increase during these fragile economic times could have been detrimental to families and business owners who rely on these companies for necessities we often take for granted like electricity to cool our homes and to safely store and cook food for our families.
“I want to express my gratitude to the IURC for making the correct decision in response to this outrageous request. I am also grateful for the extension of the disconnection moratorium. I hope Hoosiers can breathe a little easier after these decisions.”