Indiana Utility Regulatory Commission to let Vectren cut rates

The Indiana Utility Regulatory Commission (IU-RC) has approved the final phase of an agreement between Vectren Energy Delivery of Indiana – North and various consumer groups to reflect decreases in natural gas rates as a result of the Federal income tax reduction prescribed in the Tax Cuts and Jobs Act of 2017.

The approval, combined with the first phase approved in June, results in customers who receive Vectren natural gas service seeing their annual energy bill reduced by a combined total of about $35 over a 12-month period.

Vectren announced its plan to lower rates in February, which was followed by a March regulatory filing with the IURC. The first phase of the plan was approved by the IURC in June and immediately implemented.

The additional reductions are expected to be reflected in bills by the end of 2018 or early 2019.