Indiana Michigan Power Co late fee
Indiana, Michigan · Investor Owned
Indiana Michigan Power Co charges 3% for a residential electric bill paid late.
- Percentage fee
- 3% of the past-due balance
- Can disconnect
- Yes, for non-payment
- Percentile
- Higher than 46% of US utilities that charge a percentage fee
- Residential customers
- 534,662
Disconnections in 2024
- Disconnections
- 81,165 for non-payment
- Rate
- 15.18 per 100 residential customers
- Final notices
- 613,809
- Reconnections
- 70,438
Counts are disconnection events, not households. Source: US Energy Information Administration, Form EIA-112. See how this compares.
tiered (IN): 10% of first $3 + 3% of remainder (~3% effective on typical bills)
Source: https://www.indianamichiganpower.com/lib/docs/account/bills/assistance/TCofService-IN3-20.pdf