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.
Callans seeks seat on Rockville Town Board
Burkett eyes Vermillion County Council District 3 Seat
IDHS warns against disaster assistance fraud
Parke among the ten Indiana counties with reported measles cases
Zamani seeks Vermillion County District 4 seat
USDA announces record payments of $13.8 billion for 2025 crop year revenue and price safety net programs
Nucor Corporation chooses additional expansion in Crawfordsville
Applications open for Indiana's Advanced Nuclear Ready Communities Program
USPS schedule for weekend into Columbus Day
Equipment investments keep working for Indiana habitat
Smith looks to punch ticket to Rockville Town Board seat
Pair of motorcycle crashes keep Parke County Sheriff's deputies busy
Parke Heritage Middle School awarded multi-million dollar Next Generation School Improvement Grant from IDOE
BMV urges Hoosiers to complete voter registration by October 5 deadline
Last day to ask your question for Indiana's next Secretary Of State
