Indiana Michigan Power Electric Rate Case U-21461 (2024)

Decided: July 2, 2024

Approved return on equity: 9.86% (last rate case was 9.86%)

Approved overall rate of return: 6.03% (last rate case was 6.08%)

Approved revenue requirement increase: $17.3 million (last rate case was $36.4 million)

Approved residential class rate increase: 4.66% (last rate case was 15.03%)

Requested return on equity: 10.5%

Requested overall rate of return: 6.42%

Requested revenue requirement increase: $34 million

Requested residential class rate increase: 9.85%

Time period: July 2024 to July 2025