duke-energy-requests-rate-hike
Duke Energy Indiana has filed for a base rate hike.
The utiity company is asking to add nearly $492 million to its annual revenue with the state regulator Indiana Utility Regulatory Commission.
Duke said the increase was for upgrading, maintaining and adding to its existing grid infrastructure, with over 60,000 new residential and business customers expected by next year.
The rate increase, if approved, is expected to add nearly 16% on average to electricity bills, with a roughly 12% hike in 2025 followed by 4% in 2026, the company said.
A residential customer using 1,000 kWh a month would see an increase of $27.63, or about 19%, in their monthly bill.
A regulatory decision by the Indiana Utility Regulatory Commission is expected by early next year following public proceedings.
Duke Energy Indiana last received approval for an increase in June 2020, according to the Indiana Office of Utility Consumer Counselor. As of last December, base rates comprised nearly 97.6% of residential bill for 1,000 kilowatt-hours (kWh) a month.
Utility companies use rate case proceedings with the respective regulators to address a revenue shortfall and ask for an increase in rates on the basis of the total cost of providing service.
Lucas Oil named title partner of 500 Festival Parade
Applications open for new United Way of Central Indiana initiative to build community solutions
Utilities District of Western Indiana REMC announces increases over next three years
Fountain County man arrested on sex crime charges, Parke County investigation remains
Friday is National Wear Red Day
Vermillion County DCS worker facing felonies
One week left to file for office in Indiana
Bridge closures to impact State Road 42 over I-70 in Clay County
Road renaming resolution co-authored by Criswell to honor Bobby Knight passes House
Thrive West Central to host Utility Workshop
Greene Realty continues to grow
World Food Championships set for 2026 Indianapolis return
SW Parke Community Schools looking at Revision Project
NWS extends Winter Storm Warning to Monday morning
IDHS activates State Emergency Operations Center in response to winter storm
Scholarship Fund honors former Coach Blank
Winter Storm Watch in effect for the weekend, heavy snow possible
