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Speaker 1: My name is Nigel Jason Hammer. Right over there with

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Speaker 1: a very special in studio guest, the.

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Speaker 2: Governor of the Great State of Indiana, Governor Mike Brawn,

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Speaker 2: joins us in studio. Bears in India. Yet, do I

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Speaker 2: go buy tickets yet? Is that a done deal? Do

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Speaker 2: I start making the t shirts now in the merch store?

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Speaker 3: What's going on?

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Speaker 4: Why did I know that was going to be your

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Speaker 4: first comment? So everybody asked that question, and from the

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Speaker 4: last time it was public discussed, the Bears are doing

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Speaker 4: due diligent stuff. I think the Pritzker and Johnson and

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Speaker 4: their state legislature let it go far enough that it's

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Speaker 4: kind of in the same dynamic. They like the look

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Speaker 4: of Indiana. I think they get more of a stadium

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Speaker 4: built for the dollars that they spend. Plus you look

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Speaker 4: at the cost of doing business here forty to fifty years.

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Speaker 4: I mean, they like what they see. So depends on

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Speaker 4: their legislatures in session till May thirty first, But we

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Speaker 4: have weekly conversations with them and they're still going forward

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Speaker 4: on doing the month or two's worth of work checking

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Speaker 4: the side out. So the templates there. The legislature did

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Speaker 4: a wonderful job. Governor's office handled all the conversation up.

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Speaker 5: To getting the legislation done.

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Speaker 4: So we've done everything to set the stage and we'll see.

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Speaker 4: I think it'll play out in the next month and

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Speaker 4: a half or two one way or the other.

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Speaker 3: You know, it's crazy.

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Speaker 2: There are honestly more important issues, I think in the

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Speaker 2: state of Indiana, and we're going to talk about those

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Speaker 2: here in just a minute. But this Bears thing is

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Speaker 2: just such a lightning rod. There are some folks that

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Speaker 2: are like, stick it to Illinois, make Pritzker pay, bring

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Speaker 2: it to you know, Hammond, Indiana. And there are some

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Speaker 2: other folks that are like, listen, I'm kind of a

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Speaker 2: jilted lover of Marion County. I'm still paying for the

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Speaker 2: Colt Stadium. The taxpayers kind of got the shaft. It's

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Speaker 2: such a lightning rod. It's one of those things.

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Speaker 4: It is, And now that it's kind of been discussed

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Speaker 4: and it's kind of simmering, I guess up there in

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Speaker 4: the discussion, you look at the logistics of where they're.

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Speaker 5: At to Hammond.

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Speaker 4: For most of the Bears fans, logistically it'd be closer

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Speaker 4: than the place they're talking about up in Arlington, Heights.

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Speaker 5: And you know, it's not like this.

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Speaker 4: Is creating the wheel or even recreating it. It happened twice,

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Speaker 4: you know, New York, New Jersey, and I'm guessing there'd

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Speaker 4: be a bigger difference in terms of the experience going

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Speaker 4: from a place like Illinois to Indiana.

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Speaker 3: And it's a shorter drive.

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Speaker 2: Honestly, if you're somebody that lives in the greater Downtown

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Speaker 2: Chicago area, it's a shorter drive to Hammond than it

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Speaker 2: is to Arlington Heights.

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Speaker 4: I think all of that, and now they can actually tailgate.

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Speaker 5: You got plenty of room.

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Speaker 4: We've had that comment come up, which is one of

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Speaker 4: the most surprise, but yet to the point you know

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Speaker 4: where they're at now.

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Speaker 5: I mean, you're you're going to need.

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Speaker 4: An electric blanket to stay warm, and you don't have

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Speaker 4: any time to have fun before the game. And I

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Speaker 4: think this location, you get a lot of stadium for

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Speaker 4: the money you spend, and it would have all those

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Speaker 4: kind of good things that most football fans want.

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Speaker 2: All right, So Nigel and I talked a little bit earlier.

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Speaker 2: National headlines are kind of dominating the new cycle right now.

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Speaker 2: We're keeping our eye on Iran, the United States and Iran.

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Speaker 2: There appears to be a terrorist attack at the you know,

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Speaker 2: mayor's residence near New York and isis inspired attack. National

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Speaker 2: stories are big. I want to talk about what's happening

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Speaker 2: here in Indiana. Session just wrapped up. This was not

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Speaker 2: a budget year, but there were some key things that

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Speaker 2: were on the docket this.

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Speaker 1: Year that seems like a bunch of stuff got accomplished.

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Speaker 5: Right, What are the wins? Governor?

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Speaker 4: So all jobs and wages are the big deal, and

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Speaker 4: we may have discussed it before. Economic development that goes,

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Speaker 4: you know, directly into that. In the first year, we

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Speaker 4: were able to bump wages from thirty six bucks an

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Speaker 4: hour close to forty one, and we've spent one third

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Speaker 4: the amount of money per incentivized job.

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Speaker 5: That is significant.

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Speaker 4: We've also talked about doing it in a broad regional

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Speaker 4: way with the fifteen regions, making sure there's synergy among

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Speaker 4: them that the whole state sees benefit. That's why, along

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Speaker 4: with that good wage news, our GDP growth is growing

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Speaker 4: at twice the rate of Ohio's in Illinois, three times

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Speaker 4: as fast as Kentucky's, five to six times as fast

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Speaker 4: as Michigan. So we're standing out among our peer State group.

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Speaker 4: So that's good news. You got what's happened here on

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Speaker 4: the national seed. Yes, gas prices which were coming down

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Speaker 4: from Biden's.

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Speaker 5: Inflation and restrictions.

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Speaker 4: I think most people know why, and hopefully that's going

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Speaker 4: to stick to the game plan because affordability is still

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Speaker 4: the big issue out there. But our state has stood

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Speaker 4: out with some real basic changes.

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Speaker 5: And we'll keep doing it.

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Speaker 4: And then when it comes to what the year looks

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Speaker 4: like ahead, remember that Austere budget forecast, well that was

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Speaker 4: based upon tariffs, which that was a fake forecast because

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Speaker 4: tariffs were discounted in the marketplace.

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Speaker 5: And now we've gotten back.

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Speaker 4: That billion dollars that we were supposed to not have

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Speaker 4: in each year and running state government more leanly, more efficiently.

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Speaker 4: The last forecast done in December has things looking better.

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Speaker 5: Than what they did the year prior.

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Speaker 4: Take nothing for granted, because most people are aching so

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Speaker 4: bad from Biden's twenty five percent gift right that these

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Speaker 4: are high costs and you couldn't get them down. That

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Speaker 4: would take deflation, that would take the opposite of inflation.

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Speaker 4: So you got to work on things like how do

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Speaker 4: you make it easier to produce more fuel, how do

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Speaker 4: you make it easier to produce more or something, or

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Speaker 4: how do you get ahead of now utility rates with

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Speaker 4: the whole complicated discussion on data centers, and that's the

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Speaker 4: thing we've had the most control over, and we got

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Speaker 4: specific things we can point to there.

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Speaker 1: I saw you on TV I think earlier today talking

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Speaker 1: about energy rates and data centers. Right, Yeah, what was

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Speaker 1: the substance of that message?

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Speaker 4: So if you want to bring a data center to

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Speaker 4: this state, you're paying for it the construction of it.

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Speaker 4: You're going to put more electrotrons onto the grid than

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Speaker 4: you're using. That shows up with Indiana, Michigan. I think

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Speaker 4: it's part of AEP. They are coming out with a

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Speaker 4: rate reduction if they follow through on it because of

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Speaker 4: the results they're already getting out of one done up

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Speaker 4: in their area. NIPSCOE created a separate entity to put

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Speaker 4: them into. They're lowering things like special charges, disconnects.

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Speaker 5: They're given more latitude.

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Speaker 4: We're doing everything we can and throwing the kitchen sink

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Speaker 4: at it. But it's the first time any governor has

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Speaker 4: taken on investor own utilities. Because it's just as strong

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Speaker 4: almost as the healthcare lobby, which ironically is where we've

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Speaker 4: gotten the most done, and they still complain about being

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Speaker 4: too hard on hospitals and insurance companies.

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Speaker 5: We've only gotten started.

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Speaker 3: There isn't that a problem though.

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Speaker 2: With the General Assembly, it's an overwhelming Republican majority, and

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Speaker 2: it feels like it's the same conversation with property taxes.

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Speaker 2: It should be pretty easy. If there's an R next

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Speaker 2: to your name, you should be for limited government, lower taxes.

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Speaker 2: But unfortunately there's a lot of folks that have it

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Speaker 2: are next to their name, that govern like there's a

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Speaker 2: D next to it.

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Speaker 5: Yeah, so there.

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Speaker 4: Of course, they gave me Senate Bill one, gutted it,

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Speaker 4: and we've talked about that several times and got it

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Speaker 4: back to where there's relief, but not what many that

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Speaker 4: wanted to get rid of property tax or reduce it

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Speaker 4: over time wanted. Here On utility rates, when I appointed

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Speaker 4: the first four appointments to the Office of Utility Counselor,

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Speaker 4: she is a tough customer, Abbi Gray. When Aees requested

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Speaker 4: an increase of twenty percent, she said, no, I recommend

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Speaker 4: a ten percent decrease. That set the stage and then

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Speaker 4: the iu RC Indiana Utility Regulatory Commission. I replaced three

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Speaker 4: of the five commissioners to be rate payer conscious. They're

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Speaker 4: investigating the utilities on their rate increases in the past,

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Speaker 4: and they now are going to be rate payer conscious

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Speaker 4: to where I think we're going to be able to

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Speaker 4: get them to finally realize it's a two way street.

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Speaker 4: Not whatever you want, you're going to get done. And

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Speaker 4: we're just getting started on that. So I and am

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Speaker 4: AEP If they do that in lower rates based upon

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Speaker 4: more electrons going on the grid, that's the start of it.

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Speaker 4: We're not going to We're going to be vigilant and

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Speaker 4: not let up. That'll be the first measurable thing any

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Speaker 4: governor has done. And then you go to the legislature.

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Speaker 4: They passed a bill that was actually fairly conducive to it,

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Speaker 4: and we did most of it through executive order. And

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Speaker 4: how we could impact those commissions.

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Speaker 2: Governor, if these data centers are from these massive companies, right,

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Speaker 2: and these are the folks that are able to afford

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Speaker 2: these why should they get tax breaks?

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Speaker 4: Well, their investor owned utilities, they get their revenues regulated. Okay,

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Speaker 4: utilities are different than nonprofit hospitals, which escape basically all taxes. Here,

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Speaker 4: they've just not had anybody holding their rates down to

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Speaker 4: be accountable. So the main way you impact the utility

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Speaker 4: is they are a natural monopoly. You've got five of

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Speaker 4: them that provide most of the electrisity in our state.

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Speaker 4: They've got to have and they're owned by investors. The

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Speaker 4: past has been the lobbyists say we want to make

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Speaker 4: sure there's a guaranteed return on investment for the owners

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Speaker 4: of the utilities. We're going away from that. That's not

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Speaker 4: going to be a guarantee. The guarantee is going to

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Speaker 4: be that you give us value by running yourself more

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Speaker 4: efficiently and that you do whatever it takes the lower

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Speaker 4: prices not get a rubber stamp on increases. So it's

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Speaker 4: a little different dynamic. The main tool we have to

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Speaker 4: use against SAM is the iu.

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Speaker 2: RC Governor Mike Brawn with us one more thing here

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Speaker 2: on the subject of affordability and utilities. AEES a lot

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Speaker 2: of talk about them being bought out. Is it going

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Speaker 2: to be Blackrock, Is it going to be somebody else?

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Speaker 2: How involved are you, if at all, in the discussions

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Speaker 2: about AES and the reacquisition of that business.

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Speaker 4: Statement is very clear, whether it's Blackrock whoever, you're playing

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Speaker 4: by the same rules.

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Speaker 5: If the ownership changes.

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Speaker 4: That is going to be a federal issue on antitrust stuff.

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Speaker 4: If they don't do anything about it, there's nothing you

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Speaker 4: can do about it. But just because it's Blackrock, they

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Speaker 4: play by the same rules as whoever they own. If

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Speaker 4: it is a utility, nothing favored, they don't really add

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Speaker 4: any extra cloud to it. It'll be run as a subsidiary,

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Speaker 4: you know, not by Blackrock. They're a holding company and

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Speaker 4: owns a bunch of stuff. But that shouldn't make any

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Speaker 4: difference because the rules will be the same.

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Speaker 2: One more thing here before we let you go. We

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Speaker 2: got the governor Mike Brown with us. So we're doing

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Speaker 2: well in terms of the GDP, we're doing well in

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Speaker 2: terms of job numbers. So when can we look forward

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Speaker 2: to that? No tax on tips. I know this wasn't

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Speaker 2: a budget year, but if somebody really wanted to, they

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Speaker 2: probably could have maybe made a move on that.

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Speaker 3: I feel like this past session.

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Speaker 4: So that was pasted, okay for us to devetail it.

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Speaker 5: No tax on tips and over time okay.

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Speaker 2: So that passed okay, and that will be effective as

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Speaker 2: of I'd.

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Speaker 4: Have to check the effective date, but a lot of

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Speaker 4: times that goes into effect July first two fiscal year, because.

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Speaker 2: There's a lot of people that were like, I knew

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Speaker 2: this wasn't a budget year, but it passed in the

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Speaker 2: big beautiful bill nationally and we were waiting for We tried.

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Speaker 4: To dovetail as much as we could. Legislature did fight

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Speaker 4: back a little bit because it lowers revenues, you know,

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Speaker 4: in this case, we wanted those two components for sure

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Speaker 4: to be.

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Speaker 5: In there, and we got them in there.

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Speaker 3: What's next for the state of Indiana?

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Speaker 4: So, I mean, healthcare costs are still the thing that

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Speaker 4: we're known most far having the highest with some of

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Speaker 4: the poorest outcomes. We spent a lot of attention on hospitals.

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Speaker 4: We got some healthcare bills done this session.

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Speaker 1: Did we get the whole Medicare Medicaid confusion worked out?

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Speaker 4: So that was mostly about Medicaid in our state. Yes,

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Speaker 4: we found when we started picking low hanging fruit, there

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Speaker 4: were like sixteen thousand people on Medicaid that should.

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Speaker 5: Have been on Medicare.

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Speaker 4: We had people double dipping out of a couple of states.

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Speaker 4: We weren't checking eligibilities. That's like one oh one, and

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Speaker 4: that's how we were able to save four hundred and

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Speaker 4: sixty five million over the next two years, where Governor

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Speaker 4: Waltz and his crew up there had a eight.

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Speaker 5: To nine billion dollar scam going on. So that's a

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Speaker 5: big number, big number.

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Speaker 3: So Learing center isn't gonna pay for itself.

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Speaker 5: Governor, that's just leering.

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Speaker 2: Yes, listen, I appreciate your time. I know you have

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Speaker 2: another event to get to. Next time you come back, though,

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Speaker 2: we'll get back into property taxes because I know you

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Speaker 2: can get back on hot topic man, and everybody still

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Speaker 2: wants to jump on it and talk about it.

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Speaker 3: We'll have that conversation when.

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Speaker 5: We can do that.

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Speaker 4: And we're still talking about that with grassroots conservatives, so

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Speaker 4: that subject has not been dropped. And then I think

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Speaker 4: you were going to check to see if you still

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Speaker 4: have beer here on Thursdays and Wednesdays after five.

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Speaker 5: Yeah, we're gonna have to try.

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Speaker 3: We're gonna have to fix that.

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Speaker 5: Okay, we're gonna have We've got a bottle.

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Speaker 2: Of bourbon hidden in the back and maybe we can

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Speaker 2: go to a commercial break and we'll get that out.

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Speaker 3: But yeah, thank you so much.

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Speaker 5: We appreciate your time. My pleasure