Regulatory Proceedings : Indiana

Public Utility Commission website:
http://www.in.gov/iurc/

Regulatory Activity Underway:

Indiana Base Rate Case Filing
Docket Number: 43306

Overview:
On June 19, 2007, I&M filed a petition with the Indiana Utility Regulatory Commission (IURC) for authority to increase its rates and charges for electric utility service and to establish and implement rate adjustment mechanisms to track certain matters. Requested trackers relate to reliability enhancement, demand-side management/energy efficiency programs, off-system sales margins, PJM, and environmental compliance. Subsequently, I&M made the base rate case filing on January 31, 2008. Parties agreed to a historic test year ended September 30, 2007, adjusted for changes that are fixed, known and measurable for ratemaking purposes and that will occur within 12 months following the end of the test year.

Existing rates were established by IURC order in Cause no. 39314 based upon a test year ending December 31, 1991, with an ROR of 8.78% and ROE of 12%.

Key Components:
Requested ROE: 11.50%
Requested ROR: 8.10%
Requested Rate Base: $2,007,106,000
Requested Revenue Increase: $128.5MM (including initial tracker elements)

Procedural Schedule:

5/05/2008	Hearing presenting I&M case
8/01/2008	Public & intervenor filing
8/15/2008	Settlement Hearing
9/15/2008	Company rebuttal filing
10/21/2008	Public Hearings