State regulators reject Duke Energy’s request for rate hike
INDIANAPOLIS (May 11, 2015) – State regulators have rejected a proposal from Duke Energy to raise customers’ rates. The Indiana Utility Regulatory Commission said Friday in a ruling the company didn’t provide enough details for their $1.9 billion, seven-year plan.
The proposal would have put Duke’s Indiana customers on smart grid technology.
“We remain committed to making the critically important investments to our system for the benefit of our customers,” Lew Middleton said, a spokesperson for Duke Energy.
Middleton said the company will most likely re-file a revised proposal. The original plan would have installed digital smart meters in homes, which would have tracked energy consumption and transmitted that data wirelessly.