IURC OKs Duke Energy rate hike to fund more than $1B in upgrades
Under a settlement Duke reached with consumer groups, customers will pick up $1.4 billion of the price tag, down from the $1.8 billion the utility originally sought.
Under a settlement Duke reached with consumer groups, customers will pick up $1.4 billion of the price tag, down from the $1.8 billion the utility originally sought.
The solar farm will go on a portion of a former Continental Steel plant, which underwent a federal project costing more than $40 million to demolish the factory and remove tons of lead- and PCB-contaminated waste.
The utility said Monday it has reached a settlement agreement with the Indiana Utility Consumer Counselor and some consumer groups on its new plan, which calls for updating and replacing aging substations, utility poles, power lines and transformers.
The utility says that customers are being threatened with having their power cut off unless a quick payment is made.
The project's plans call for 76,000 solar panels, with groundbreaking set for this spring so that power generation can start by the end of 2016.
Duke Energy’s settlement with four consumer and environmental groups likely means an end to all serious opposition to the $3.3 billion plant, one of the most expensive projects in Indiana history, which has been mired for years in controversy.
The country’s largest electricity company is on alert for attacks that aim to hamper the critical flow of power and is listening to U.S. intelligence agencies about potential threats.
Duke, which serves 810,000 customers in the state, says the new plan would raise rates by 6 percent between 2017 and 2022. The IURC rejected its original proposal in May.
Indiana’s manufacturers and municipal utilities are preparing to wage a battle with investor-owned power companies in their desire to get a handle on rising electricity costs.
Indiana's utility customer advocate is studying whether Duke Energy should be allowed to pass along costs of repairing its new $3.5 billion coal-gasification plant in southwestern Indiana to consumers.
Duke Energy Indiana has filled its president’s position from within, elevating Melody Birmingham-Byrd to the electricity provider’s top spot.
Indiana regulators on Friday turned down a request by Duke Energy to raise rates over the next seven years, saying the request didn't provide enough detail to justify the $1.9 billion cost.
Duke Energy Indiana contributed $1 million to a new research initiative on the storage of energy created by renewable sources.
Duke Energy said Friday that it has already negotiated a plea agreement under which it will admit guilt and pay $102 million in fines, restitution and community service.
Imagine seeing the price of gas drop 50 percent, then finding out you couldn’t take advantage because of a law that excluded drivers who lease their vehicles or whose fuel tank is on the wrong side.
Municipal-owned utilities are trying to fend off an attack on a state law that allows them to expand their territories through annexation. Rural electric cooperatives and investor-owned utilities say they’re losing big customers.
Indiana's utility customer advocate says regulators should reject Duke Energy Corp.'s proposal for a $1.9 billion electric grid upgrade in the state.
As legislators on committees dealing with energy and utilities, economic development, agriculture and state finances, we are hearing from a growing number of businesses, big and small, as well as schools and individual constituents, sounding an alarm over rising electricity rates.
In an Oct. 16 decision affecting Indiana and 14 other states, the Federal Energy Regulatory Commission said the utilities must negotiate with six customer groups that brought a complaint last year.
Duke Energy is notifying customers in Indiana, Kentucky and Ohio that it's taking steps to correct some of their monthly payments that were mistakenly being reported as late.