Indiana Michigan Power Proposes Monthly Bill Rate Reductions in 2027

If you’re an Indiana Michigan Power customer, your monthly electric bill could go down next summer. I&M announced a rate reduction plan that’s expected to help save an estimated $100 per year. The plan also provides stability for customers by proposing to freeze all rates on monthly bills for three years. I&M expects a decision from the Indiana Utility Regulatory Commission in June 2027.