(Lawrenceburg, Ind.) – If you live in Indiana, your electric bills could be on the rise.
American Electric Power announced last month it would be either shutting or reducing output at many of their Midwest plants in order to meet new regulations by the federal Environmental Protection Agency.
Lawrenceburg’s Tanners Creek Plant will go from four generating units to just one by the end of 2014.
An AEP spokesperson told the Evansville Courier & Press Thursday that Indiana customers could see rate increases up to 30 percent because of the new regulations.
The EPA says those new rules will help reduce sulfur dioxide emissions from power plants by 73 percent and nitrogen oxide emissions by 54 percent from levels measured in 2005.
“Businesses that have benefited from reasonably priced coal-fueled power will face the impact of electricity price increases ranging from 10 percent to more than 35 percent just for compliance with these environmental rules at a time when they are still trying to recover from the economic downturn,” AEP chief executive officer Gene Morris said when the company announced its reduction plans June 9.