Indiana customers due $32M from 6 utilities

By: The Associated Press
By: The Associated Press

INDIANAPOLIS Indiana utility customers are due to receive a collective $32 million from the state's largest power companies.

The Indianapolis Business Journal reports six large utilities budgeted $74 million for Energizing Indiana, a state-mandated energy-saving initiative paid for from the rates paid by customers.

However, a recently filing with the Indiana Utility Regulatory Commission shows the utilities only spent $42 million, so the difference must be returned to customers in some way. How that will occur hasn't been determined.

The utilities are Duke Energy, Indiana Michigan Power, Northern Indiana Public Services Co., Vectren, Indianapolis Power and Light and the Indiana Municipal Power Agency.

Energizing Indiana officials attribute the unspent funds to growing pains after the program began in January 2012.

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