Rates and Incentives
Because Hoosier Energy and its member/owners are cooperative utilities, their rate structures are not regulated by the various regulatory bodies in Indiana and Illinois. This adds flexibility to the process where new rate tariffs and the subsequent cost passed on to the consumer can be negotiated and more quickly approved by a Board of Directors vs. public hearings and various vetting processes of regulated utilities. These special tariff conversations are often reserved for significant loads but can also include a mix of generation or cogeneration resources and facilities improvements.
Hoosier Energy’s Economic Development Rider (EDR) program offers significant savings to new and expanding businesses in the service territories of its member cooperatives. Beginning with a 30% discount in the first year, the savings extend over the first six (6) years of a new or expanding venture.
Eligibility criteria includes:
- 500kW minimum monthly demand
- Job creation and/or capital investment criteria
- EDR or state/local incentives are a factor in the decision