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INDIANAPOLIS  — More than one million Hoosiers could see higher water bills this summer if a rate hike by Indiana American Water is approved by state regulators.

Indiana American wants to raise rates by nearly 8-percent by mid-2020. The increase is based on the utility’s investment of more than $540 million in its water systems across the state.

Rates would go up 1.73-percent this summer and 6.07-percent in 2020. Residential customers using 4,000 gallons of water per month would see their bills increase by about $2.40.

Communities served by Indiana American include Crawfordsville, Franklin, Greenwood, Mooresville, Noblesville, Shelbyville, and Terre Haute. 

The Indiana Utility Regulatory Commission will meet April 11 to discuss the proposal.

(Photo by Dmitry Naumov/iStock/Getty.)