By killing energy efficiency in Indiana, SB340 means more rate hikes and higher electric bills. Killing energy efficiency programs now increases the need to build expensive, new power plants in the future, which means significant and unnecessary rate hikes.
Indiana's energy efficiency program, Energizing Indiana, has created 1600+ Hoosier jobs and saved enough electricity to power over 78,000 homes. For every $1 we Hoosiers spend on energy efficiency, we save $2 on our electric bills. This is an investment that more than pays for itself, and one that we want to keep!
SB340 will kill jobs and raise electric rates. Hoosiers simply cannot afford it!