Indiana Levels the Playing Field for Electric Utilities
Indiana Governor Mike Pence recently signed Indiana’s electric service territory legislation. The legislation, which goes into effect later this month, will stop municipal electric utilities from seizing territory from both electric cooperatives and investor-owned utilities. Before now, municipal electric utilities had the power to expand by seizing territory from other utilities, provided that they compensate the utility for the lost territory. Unfortunately, however, compensation paid was below market value and ended after five years. This policy resulted in municipal electric utilities seizing significant territory, adding up to approximately $44 million in lost revenue for the four most heavily affected companies. Click here to read more.
