Indiana’s Energy Price Inquiry: Why Co-ops Stand Apart

You may have seen headlines about the Indiana Utility Regulatory Commission (IURC) investigating rising energy prices. This inquiry focuses on for-profit, investor-owned utilities (IOU’s), so Hendricks Power is not part of the investigation.

While regulatory oversight plays an important role in the energy industry, our cooperative model provides a built-in system of accountability. As a not-for-profit governed by a democratically elected board of directors - member-owners just like you- we maintain accountability directly to the people we serve. Our rates are approved by our local board of directors. 

Hendricks Power approved a rate update to better reflect the true cost of providing reliable, affordable power. Even with this adjustment, our rates remain among the most affordable compared to national averages and investor-owned energy providers per kilowatt hour.

As a cooperative, our responsibility is to offer transparency and support for our members. If you have questions about your bill, need to arrange a payment plan, or would like a free energy audit for your home, please call us at (317) 745-5473.