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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. 

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