Local News

News > Local News > Agreement Reached on Car Sharing Program

Agreement Reached on Car Sharing Program

(WIBC.com file photo: Ray Steele)

An agreement has been reached for the electric car sharing program in Indianapolis.

IPL and the Office of the Utility Consumer Counselor (OUCC) have reached a tentative agreement for making the program a reality. The IURC has to approve the agreement before it's official.

Negotiations have determined an estimated rate increase of 28 cents per month for a typical residential customer. The original agreement called for a 44 cent increase. OUCC spokesman Anthony Swinger says there will also be profit-sharing mechanisms that could drop the rate even lower based on the profitability of the program. Swinger says negotiations also brought the creation of a new streetlighting program that is designed to enhance energy efficiency and public safety.

Swinger says attorneys for both parties will meet with the IURC to set deadlines for testimony to be filed on the agreement, which Swinger feels will happen early next week. A hearing will also be scheduled and then IURC will deliberate and ultimately issue an order. Bollore hopes to have 125 cars available by the end of the year at 25 charging sites. 

Local News

What began as a way for Indiana businesses to show they would serve anyone has expanded to more than half the U.S...
A church whose headquarters have been in Indianapolis for almost 100 years have followed through on a promise...
IUPUI is celebrating a new facility. Chancellor Charles Bantz and dignitaries including basketball legend Oscar...
A House committee has approved one expansion of the death penalty, but put another on hold. The Senate responded...
A new report says the number of Hoosiers suffering with Alzheimer's Disease is rising. Alzheimer's Association of...