October 2, 2017, 6:00 pm @ Century Center
REQUEST TO GET AN INCREASE IN YOUR RATES
If you do not want an estimated annual increase of $361.20 per year on your I&M Electric bill, the Citizen's Action Coalition is suggesting you attend the meeting on Monday.
Their address is: 603 E. Washington Street, Suite 502, Indianapolis, IN 46204 www. citact. org
Proposed increase is on the MONTHLY FIXED CHARGE from $7.30 to $18.00
This means over 1 year your bill will increase $128.40 even if you don't use any more electricity
This is especially hard on those on a fixed income or living at or below the poverty level.
There is also a request for an increase in the KILOWATT RATE from $0.08634 to $0.10819
For the average homeowner this will increase their bill by $19.40 a month or $232.80 a year
In the last 10 years, average monthly electric bills have already increased 62%
The other 22% of your Electric Bill is TRACKERS/RIDERS that add an average of $23.55 to your monthly bill or $282.60 per year
FAC - Fuel Cost Adjustment Rider (reduction)
LCM - Nuclear Life Cycle Management Rider
DSM - Demand Side Management Rider
PJM - PJM Cost Rider
OSS - Off-System Sales Margin Sharing Rider
SP - Solar Power Rider
NOTE: Indiana has discontinued the right for Solar users to sell back power at a better rate
FMR - Federal Mandate Rider
CCTR - Clean Coal Technology Rider
CSR - Capacity Settlement Rider
ECCR - Environmental Cost Compliance Rider (reduction)
DC - Depreciation Credit (reduction)
If you are against these increases, you are encouraged to contact:
Indiana Office of Utility Consumer Counselor, Attn: Bill Fine
CAUSE # 44967
115 W. Washington St., Suite 1500S
Indianapolis, IN 46204
I&M continues to invest in and use the Rockport Coal-Fired Plant, which is both polluting and a health threat to miners
Instead of installing "Smart Meters" 5 years ago, they chose to install technologically obsolete meters. They now need to pay to take those out and put in the new meters.
For more articles & meetings: #MichianaObserver #RateIncrease
Citizens attending community events to inform other Citizens.