Local News

News > Local News > Duke Energy Wants Power Rate Increase To Pay For Upgrades

Duke Energy Wants Power Rate Increase To Pay For Upgrades

Utility submits plan to regulators
Duke Energy wants to upgrade its system and says it needs to raise electricity rates to do so.
 
The state's largest electric utility submitted a plan to the Indiana Utility Regulatory Commission for a $1.9 million upgrade to its electric grid.  It would require a rate increase, "an average rate increase of all our customer classes of about one-percent per year between 2016 and 2022," said Lew Middleton with Duke Energy in Indiana. 
 
Most of that seven-year period would be needed for what Middleton described as a massive upgrade, "upgrading the power lines, the power utility poles, and upgrading equipment at our substations."  He said much of Duke's grid that serves 800,000 customers in Indiana is old and dated technology, and that the upgrade would allow Duke to communicate with customers more quickly.  He says it would also make the utility's grid more reliable and less susceptible to power outages.
 
The Regulatory Commission will consider the plan at a future hearing.
 

Local News

A young child was shot multiple times during an incident on the city’s northwest side Wednesday evening, police...
(photo courtesy Indiana Air National Guard) Hundreds of men and a dozen aircraft from Fort Wayne's 122nd Fighter...
Advocates for victims of domestic violence say the state will consider cutting money to programs for those victims...
Members of Mayor Greg Ballard's Your Life Task Force say they'll meet a deadline to make their recommendations on...
PETA wants the Clark County Jail to go vegan because of one inmate. The animal rights group addressed a letter to...