A proposal filed with the Indiana Utility Regulatory Commission on Friday is an agreement concerning the Edwardsport Power Plant in Knox County.
The settlement, if approved, means the company has agreed not to bill customers $30 million of operating costs deferred since the plant’s in-service date. That means customer’s bills will decrease .5% and won’t be adjusted until the company’s next base rate case which is not set until next year and any change would not take effect until 2020. The agreement also designates $1.7 million out of shareholder funds for low-income energy assistance and renewable energy development.
The plant at Edwardsport is a 618 megawatt coal gasification plant.