Plainfield-based Duke Energy Indiana is seeking a rate increase from the Indiana Utility Regulatory Commission. The utility says it is requesting to increase its annual revenue by $395 million, which will create an average rate increase of about 15 percent.
Duke says the increase will vary among consumers, but the typical residential customer using 1,000 kilowatt-hours per month could see a $23 increase in their monthly bill, if the request is approved by the IURC.
The increase is intended to cover upgrades and improvements including:
- The addition of more than 1,400 miles of new power lines
- Costs to close ash basins at Duke power plants responsibly and in compliance with stricter regulations
- Tree trimming to prevent outages
- Line sensors and equipment that detect problems, reduce power outages, and limit the number of customers affected when outages occur
To offset the increase, the company is also suggesting the elimination of convenience charges for residential customers when they use a credit or debit card to make a bill payment.
Duke Energy Indiana’s overall average electric rate is currently below state, regional and national averages and is the lowest overall electric rate average in Indiana.