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Indiana 2005: Utility Billing and Collection Reporting

Indiana 2005: Utility Billing and Collection Reporting. Prepared By: Roger Colton Fisher, Sheehan & Colton Belmont, MA 02478 Coalition to Keep Indiana Warm October 2005. 2004 Affordability Gap Total: $292.8 million Htg/Clg: $181.6 million. 2006 Affordability Gap Total: $523.4 million

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Indiana 2005: Utility Billing and Collection Reporting

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  1. Indiana 2005:Utility Billing and Collection Reporting Prepared By: Roger Colton Fisher, Sheehan & Colton Belmont, MA 02478 Coalition to Keep Indiana Warm October 2005

  2. 2004 Affordability Gap Total: $292.8 million Htg/Clg: $181.6 million 2006 Affordability Gap Total: $523.4 million Htg/Clg: $379.3 million The Affordability Problem:Indiana

  3. The Data Reporting Problem • Lack of uniform collections data • Lack of any low-income data • Lack of baseline data • Lack of time-series data

  4. The Participating Utilities • American Electric Power Company (AEP) • Cinergy/Public Service of Indiana (PSI) • Citizens Gas & Coke Utility (CGCU) • Indiana Power and Light (IPL) • Northern Indiana Public Svc Co. (NIPSCO) • Vectren Energy Delivery

  5. Residential Feb: $143 March: $133 April: $99 May: $78 June: $73 Low-Income Feb: $146 March: $136 April: $98 May: $77 June: $69 The Findings:Average Monthly Bills

  6. Residential Feb: 26% March: 25% April: 32% May: 32% June: 30% Low-Income Feb: 72% March: 78% April: 65% May: 53% June: 62% The Findings:Accounts in Arrears

  7. Residential Feb: 18% March: 23% April: 24% May: 23% June: 22% Low-Income Feb: 76% March: 94% April: 103% May: 115% June: 108% The Findings:Dollars in Arrears to Billed Revenue

  8. Residential Feb: $208 March: $142 April: $132 May: $109 June: $96 Low-Income Feb: $148 March: $127 April: $143 May: $127 June: $103 The Findings:Average Dollars in Arrears

  9. Residential March: 0.96 April: 1.06 May: 1.05 June: 1.15 July: 1.16 Low-Income March: 0.89 April: 1.13 May: 1.23 June: 1.27 July: 1.32 The Findings:Size of Arrears in “Bills Behind”

  10. Residential Feb: 6% March: 9% April: 11% May: 13% June: 13% July: 10% Low-Income Feb: 25% March: 25% April: 31% May: 10% June: 9% July: 7% The Findings:Dollars on Deferred Payment Plans for Arrears

  11. Residential Feb: 7% March: 7% April: 7% May: 7% June: 6% July: 4% Low-Income Feb: 10% March: 16% April: 17% May: 12% June: 9% July: 7% The Findings:Accounts on Deferred Payment Plans for Arrears

  12. Residential Feb: 8,897 March: 13,774 April: 21,160 May: 19,790 June: 16,764 Low-Income Feb: 198 March: 1,796 April: 3,556 May: 3,413 June: 2,705 The Findings:Disconnections: The Logical Result

  13. Residential Feb: 0.79 March: 0.62 April: 0.68 May: 0.68 June: 0.70 Low-Income Feb: 1.58 March: 0.26 April: 0.58 May: 0.54 June: 0.57 The Findings:Reconnections: What Happens After

  14. Residential Feb: 12% March: 12% April: 12% May: 11% June: 11% July: 10% Low-Income Feb: 9% March: 9% April: 9% May: 8% June: 8% July: 8% The Findings:Accounts on Levelized Budget Billing Plans

  15. For more information: roger@fsconline.com

  16. For more information: http:www.fsconline.com Library News

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