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In the most recent IURC survey of residential electric utility rates, Vectren Energy Delivery ranked highest among the 14 electric utilities under the IURC’s jurisdiction. Vectren’s electric utility serves six southwestern Indiana counties.
As of July 1, 2014, all of a typical Vectren residential customer’s electric bill paid the base rate (which traditionally covers most infrastructure and operating/maintenance costs) with Vectren also authorized to utilize several rate adjustment “trackers,” as described below. *
Vectren Energy Delivery of Indiana's current electric base rates were approved on April 27, 2011.
For more information:
All publicly filed documents in Vectren's most recent electric base rate case are available by visiting the IURC's electronic document system and entering docket number 43839.
In addition to base rates, Vectren and other electric utilities recover and credit separate, specific costs through rate adjustment mechanisms known as "trackers." Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly or semi-annual basis.
Vectren uses the following trackers:
Tracker Recovers Costs for Frequency IURC Cause No. Fuel Adjustment Clause (FAC) Coal and other fuels Quarterly 38708 Environmental Cost Recovery (ECR) Emissions control equipment (including operations & maintenance) Semi-Annual 42861 Demand Side Management (DSM) Energy efficiency programs Semi-Annual 43405 Reliability Cost & Revenue Adjustment (RCRA) Capacity resources needed for system reliability Semi-Annual 43406 MISO Cost & Revenue Adjustment (MCRA) Participation in Midcontinent Independent Transmission System Operator (MISO) Semi-Annual 43354
All publicly filed documents in tracker cases can be reviewed by visiting the IURC's electronic document system and entering the appropriate docket number.
* Rankings and examples refer to monthly usage of 1,000 kWh in the IURC’s 2014 Residential Bill Survey, based on July 1, 2014 billings.