INDIANAPOLIS -- The Indianapolis Department of Public Works announced on Wednesday night that they have reached a settlement with AES Indiana that will "save millions of dollars for taxpayers."

According to a press release from Indy DPW officials, Indiana AES announced in June that it was seeking a rate change from the Indiana Utility Regulatory Commission (IURC) to raise its rates due to increased costs in 2026.

A pre-approval for a rate case from the IURC would allow AES Indiana a chance to recover from its losses.

According to previous reports, in September, the Indiana Office of Utility Consumer Counselor (OUCC) called for a reduction in AES Indiana rates.

The agency represents taxpayer interests in cases presented before state and federal utility regulatory commissions, including

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