The Indiana Utility Regulatory Commission announced on Mar. 17 that it is launching an investigation into the affordability of energy for the state’s five largest investor-owned utility companies.
The issue of rising energy costs has become a significant concern for both consumers and small business owners in Indiana. The commission’s inquiry aims to address these concerns by examining how rates are affecting residents and businesses across the state.
“Energy costs are a top concern for Indiana’s small business community, and we are pleased to see the IURC take this step to address a crucial affordability issue,” said Indiana State Director Natalie Carroll.
The utilities under review include AES Indiana, CenterPoint Energy Indiana, Duke Energy Indiana, Indiana Michigan Power Company, and Northern Indiana Public Service Company. The public meeting regarding this investigation is scheduled for March 24, 2026, from 9:45 a.m. to 4:00 p.m. in Indianapolis and will be available via livestream.
During the current legislative session, the National Federation of Independent Business supported House Bill 1002. This bill requires utilities to offer low-income assistance programs and encourages a shift toward performance-based ratemaking instead of traditional cost-of-service models. The organization said it remains committed to stabilizing energy rates and providing more certainty for consumers.
A recent survey conducted by NFIB found that about 80 percent of small business owners reported significant impacts from energy costs across all major sectors. Many owners indicated they have limited options to manage these increases, with most absorbing higher prices through lower profits or raising their own prices.
Observers say the outcome of this investigation could influence future policies on utility regulation and rate structures in Indiana.
