State Utility Say Duke's Proposed $400M Rate Hike is "Too Much"
INDIANAPOLIS -- State utility regulators in Indianapolis say $400 million in new charges for Duke Energy customers is too much.
TheOffice of Utility Consumer Counselor this week said the state's largest utility should actually cut customers' bills by at least $130 million.
Duke says it wants to raise rates, "in order to provide cleaner energy and a more reliable power grid."
The state says Duke already charges customers plenty for green energy and transmission upgrades.
A hearing on the disagreement is likely to come in January.
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