Fort Wayne – October 12, 2026 -- Indiana residential customers who use 1,000 kWh a month could save an estimated $100 per year under a new rate plan from Indiana Michigan Power (I&M), which also proposes freezing all rates on their monthly bill for three consecutive years.

A $59 million cut in 2027 bills

I&M describes the proposal as one of the nation's largest base rate reduction plans. It includes approximately $59 million in bill reductions in 2027.