Westfield has asked the Indiana Utility Regulatory Commission to become a party to the case, which would allow the city to submit evidence and testimony and cross-examine the state’s largest electric utility about its rate increase request.
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The company filed a rate request Thursday with the Indiana Utility Regulatory Commission in a move that would raise an extra $492 million a year.
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In public hearings next month, the Indiana Utility Regulatory Commission will question the state’s five largest investor-owned utility companies about billing transparency and solutions to rising energy costs.
Under the agreement, Duke Energy would be able to solicit interest in the existing coal units at its Cayuga Generating Station after two proposed gas units are placed in service in 2029 and 2030.
The Indiana Court of Appeals overturned an Indiana Utility Regulatory Commission decision allowing Duke Energy to raise utility rates on Hoosiers, with the court ruling the utility couldn’t retroactively recover the money it lost due to a federally mandated cleanup of toxic coal ash.
The Plainfield-headquartered utility said its agreement aligns with Indiana Gov. Mike Braun’s pro-coal goals.
Nearly 1,000 union workers at Duke Energy Indiana are set for an “imminent work stoppage” over a contract dispute with the Plainfield-based utility.
The state agency tasked with protecting utility consumers has asked regulators to reject Duke Energy Indiana’s plan to retire two coal-powered units and replace them with new natural gas units.
Customers will see a rate increase of about 5.4% between 2026 and 2031 if Duke receives approval to add to electricity rates over time rather than at once.
The Indiana Utility Regulatory Commission, or IURC, gave approval for an increase of $395.7 million a year for rates and charges, down from the $491.5 million hike requested by Duke—a decrease of 19.5%.
Duke Energy Indiana, the state’s largest electric utility, in April filed a request with state regulators for permission to raise rates by about 16% over two years.
Legal counsel for Duke Energy argued two cases before the Indiana Supreme Court Thursday—from both sides of the courtroom—on separate matters relating to where it maintains its equipment and facilities.
Duke Energy Corp.’s $3.5 billion Edwardsport plant was costly to build because of its ability to produce gas from coal. But the plant generated all of its electricity from natural gas in April, May and June.
The new law could allow utilities to pass along certain costs to customers for federally mandated projects without having to get pre-approval for those projects from state regulators.
Duke Energy will be able to proceed with a nearly $2 billion economic development plan after the Court of Appeals of Indiana ruled a regulatory commission’s approval met the requirements of state law.
The multiyear project will include installation of two new 69-kilovolt electric transmission lines to serve fast-growing Noblesville and Westfield.
A trade group that promotes clean energy, Indianapolis, Bloomington, Walmart, Salesforce and Cummins were among those issuing a letter urging the utilities to offer more options to large energy customers to receive their electricity from renewable energy.
Duke Energy Indiana is planning to expand transmission lines, but residents are worried that some routes being considering would spoil the trail and tree-lined neighborhoods.
ZrO Waste Group is in the process of developing a technology that will help customers convert waste into usable energy in the forms of heating, cooling, refrigeration, hot water and electricity, said Kegahn Hopwood, executive vice president.
Stellantis officials said the clean energy requirement was a critical part of the agreement to locate the operation in Indiana.
Just two months after Indiana lawmakers passed a law that would allow electric utilities to build small, prefabricated nuclear reactors, Purdue University and Duke Energy Corp. jointly announced Wednesday they plan to explore the feasibility of using the technology.
Duke Energy won’t be allowed to make its customers pay the more than $210 million needed to recoup coal-ash cleanup costs after the utility failed to follow the proper steps to recover those expenses, the Indiana Supreme Court ruled.
