"OUCC Recommends Substantial Cut in CenterPoint's Proposed Rate Increase"

The Indiana Office of Utility Consumer Counselor (OUCC) is recommending a significant reduction to CenterPoint Energy Indiana’s proposed $118.8 million (16%) base rate increase, suggesting an increase of $33.1 million (4.5%) instead. The recommendation follows testimonies from thirteen OUCC witnesses and extensive community engagement, with specific proposals to maintain customer service charges, decrease the utility’s authorized return on equity, and implement consumer protections. CenterPoint Energy's rebuttal testimony is due on Apr. 9, 2024, with a final order from the Indiana Utility Regulatory Commission expected in the fall.