AEP unit Indiana Michigan Power advances $59 million Indiana base rate cut plan for 2027

AEP unit Indiana Michigan Power proposed a base-rate reduction plan for Indiana customers, targeting about $59 million of bill cuts in 2027.

• The proposal implies roughly $100 in annual savings for a typical residential customer using 1,000 kWh per month.
• The plan also seeks a three-year freeze on all monthly bill rates for Indiana residential customers.
• Indiana regulators are expected to rule in June 2027; savings would begin appearing on bills in summer 2027.