Indianapolis, IN
November openings/closings: New retail shops, while one Mass. Ave. boutique said farewell
See inside the 2024 Carmel Christkindlmarkt and try the food with us
The award-winning Christmas market in Carmel is underway again! See inside this year’s version with IndyStar’s Madyson Crane.
Ahead of the holiday shopping season, two stores at the Fashion Mall at Keystone opened their doors before Black Friday sales and a beloved outdoor retail brand welcomed the Indianapolis community inside its first store in the state. Meanwhile, on the west side, a popular movie theater chain brought cinema back to Lafayette Square Mall.
Here are the stores that opened and said farewell around Indianapolis in November.
Openings
L.L. Bean
4030 E. 82nd St., llbean.com, opened Nov. 15
L.L. Bean, the popular outdoor retailer based in Maine, opened its first Indianapolis store last month, moving into the former home of buybuy Baby on the north side. With a dark green exterior and canoes hung outside the front door, L.L. Bean sells everything from outerwear and sweaters to vital camping gear.
The company’s famous Bootmobile, styled after the hunting shoe released in 1912, visited town for the grand opening.
Drybar
14400 Clay Terrace Blvd Suite 150, Carmel, drybarshops.com, opened Nov. 15
The third Drybar location in Indianapolis opened at Clay Terrace in Carmel last month. The no-cut, no-color salon offers blowouts and styling services.
Alamo Drafthouse
3898 Lafayette Road, drafthouse.com/indianapolis, opened Nov. 18
The beloved Alamo Drafthouse movie theater played its first movies last month on the west side of Indianapolis. Located at the site of the former Lafayette Road Drive-In and Georgetown 14 Cinemas, the Texas-based chain is known for its expansive food and drink service. Just be sure not to talk or text — the theater has a strict zero-tolerance policy.
Honey
750 Veterans Wy #222, Carmel, shop-honeyboutique.com, opened Nov. 29
Honey, a jewelry and gift boutique, moved from Carmel’s Main Street into the Wren building at Carmel City Center in late November. Owner Anna Fehribach opened the store in 2022 complete with a bead and charm bar.
Alternate View
750 Veterans Wy Suite 228, Carmel, alternateview.com, opened
Alternate View is “where eye care meets self-care.” The specialty eye care center offers luxury self-care services such as dry eye and facial treatments in addition to glasses and contacts.
Marc Jacobs
The Fashion Mall at Keystone, marcjacobs.com, opened early November
Marc Jacobs is the latest in a string of luxury brands to open at the Fashion Mall right as the holiday shopping season kicks into high gear. The brand sells its iconic Tote Bags as well as the Sack Bag and Mini Bag at its storefront next to Altar’d State.
State and Liberty
The Fashion Mall at Keystone, stateandliberty.com, opened mid-November
State and Liberty sells men’s formal wear with an athletic fit. The store also offers custom suits.
Closings
Boomerang BTQ
845 Massachusetts Ave., boomerangboutique.com, closed Nov. 24
Boomerang BTQ owner Felicia Keisel opened her dream boutique in 2013, but 11 years later, she said she closed the Mass. Ave. store because of “changes in (the) block,” according to a sign posted on the front of the store.
“Unfortunately, with the changes in my block, there are pros and cons and I don’t have it in me to start over in a location,” the letter signed by Keisel said. “My favorite thing over the last 11 years has been building relationships with all of you.”
Alysa Guffey covers growth and development for IndyStar. Contact her at amguffey@gannett.com.
Indianapolis, IN
Indiana regulators approve $71 million rate increase for AES
The Indiana Utility Regulatory Commission on June 17 gave AES the nod to raise electricity rates enough to earn an additional $71 million each year, a decision that drew reproof from Indiana lawmakers who called it another blow to cost-burdened consumers.
The approved rate represents less than half of the $192 million increase that AES initially requested. It’s also less than the $91 million increase proposed in an October settlement agreement between AES, the city of Indianapolis and major electricity consumers like Kroger and Walmart.
But the new rate is still significantly more than what the Indiana Office of Utility Consumer Counselor, the state agency representing ratepayers in the case, recommended in September. The OUCC’s proposal would have capped AES’s annual operating revenue at $21 million less than the current level.
The rate increase authorizes AES to earn a total of nearly $2 billion each year, or an estimated $384 million in profit.
The higher base rate comes as a double whammy for Indianapolis-area households, who are already paying more for electricity this summer after AES temporarily raised rates to account for higher-than-anticipated fuel costs during last winter’s storms. The increase also arrives against the backdrop of inflation, which rose to a three-year high last month, and surging gas prices due to the war in Iran.
Gov. Mike Braun wrote in a Wednesday post to X that he was “deeply disappointed” by the IURC’s approval of the rate increase.
“Hoosiers have spent years tightening their belts and making tough financial decisions,” Braun wrote. “It’s time for utility companies to do the same.”
The IURC’s decision also drew fire from the other side of the aisle. In a June 17 news release, five Democrats representing Indianapolis in the state Senate – J.D. Ford, Andrea Hunley, La Keisha Jackson, Fady Qaddoura, and Greg Taylor – chastised Indiana’s Republican supermajority for failing to rein in rising utility costs.
“Hoosiers pay more. Monopoly utilities collect more. And the leaders in the super-majority who promise affordability over and over again show those are just empty words,” the news release said. “Instead, they continue to defend a system that takes more and more out of our paychecks.”
The consumer advocacy group Citizens Action Coalition also slammed the rate increase. Ben Inskeep, CAC’s program director, said the decision left him “less optimistic that this commission is willing to do things differently and to actually hold utilities accountable.”
He said the IURC should have penalized AES for issues that plagued customers after the utility updated its billing system in 2023, including duplicated withdrawals for the same monthly bill.
The rate increase will take effect in two phases, with rates going up in July 2026 and January 2027. AES officials anticipate the hikes “will be less than $5 per month per phase” for a household that uses 1,000 kilowatt hours of electricity per month, according to a Wednesday news release from the utility.
“The IURC’s decision reflects a thorough, transparent process and balances the need for continued investment in the electric system with a focus on customer affordability,” the news release stated.
Under a state law that Braun signed in February, AES cannot ask for another increase to its base rate until January 2030 — though electricity bills could still go up for other reasons, like the fuel adjustment charge hitting consumers this month.
Three members of the five-member IURC signed off on the rate increase: Andy Zay, David Veleta, and David Ziegner. Commissioner Bob Deig dissented. Commissioner Anthony Swinger recused himself from the decision because he worked on the AES rate case for the OUCC before he was appointed to the IURC by Braun in January.
“None of this was taken lightly,” Zay, the IURC’s chair, said at the Wednesday hearing, adding that the commission and its staff had carefully weighed concerns about affordability. The commissioners did not go into further detail at the hearing.
But the commission’s order shows some of the debates that played out during the rate case. One point of contention was AES’s authorized return on equity — that is, how much the utility can earn each year in profits. Other disputes hinged on how AES forecasts its operating expenses.
The OUCC accused AES of including more than 100 “phantom hires,” vacant positions it did not necessarily intend to fill in its calculations. Last year, AES said that the rising costs of vegetation management, or trimming trees around power lines, also drove the need to raise rates. The OUCC recommended keeping vegetation management costs flat.
One factor that’s not driving higher prices? Data centers.
AES does not currently provide service to any data centers and did not include them in its calculations, AES president Brandi Davis-Handy said in testimony before the IURC.
Tilly Robinson is a Pulliam fellow for the Indianapolis Star. She can be reached at tilly.robinson@indystar.com.
Indianapolis, IN
Tornado watch, issued for 47 counties, includes Indianapolis area
Interactive radar | Weather alerts by county
WATCH LIVE COVERAGE
(WRTV) — A tornado watch has been issued through 1 a.m. EDT Thursday for much of Indiana, the National Weather Service’s Storm Prediction Center said.
The watch area covers 47 of Indiana’s 92 counties, and includes Indianapolis and its surrounding counties.
Counties in the watch area are Bartholomew, Blackford, Boone, Brown, Carroll, Cass, Clay, Clinton, Daviess, Decatur, Delaware, Fountain, Grant, Greene, Hamilton, Hancock, Hendricks, Henry, Howard, Huntington, Jackson, Jay, Jennings, Johnson, Knox, Lawrence, Madison, Marion, Martin, Miami, Monroe, Montgomery, Morgan, Owen, Parke, Putnam, Randolph, Rush, Shelby, Sullivan, Tippecanoe, Tipton, Vermillion, Vigo, Wabash, Warren, and White.
WRTV Meteorologist Ryan Morse says Wednesday afternoon’s rain was the first of two rounds coming to the Hoosier state. A line of supercells were expected to form in Illinois and travel into central Indiana.
In neighboring Illinois, dozens of counties are under a tornado watch until 10 p.m. CDT/11 p.m. EST.
All threats of severe weather were on the table: damaging wind, strong tornadoes, large hail, and flooding.
Severe storms should exit Indiana in the early morning hours.
WISH-TV Meteorologist Keith Gibson says people should have multiple ways of getting alerts and have electronic devices fully charged in case they lose power.
The next chance for rain after these storms could be on Saturday.
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