Duke Energy Receives Lower Rate Increase Than Requested

 

A revenue increase by Duke Energy has been lowered by 60 percent, in a decision released by the Indiana Utility Regulatory Commission.

The final revenue increase granted by the I-U-R-C is 146 million dollars, rather than 362 million dollar revised request made by Duke Energy.  The increase will be phased in through two stages.

Further, the Commission approved a settlement agreement allowing the cost recovery for construction of the Edwardsport plant into the base rates of consumers.  The statement also confirmed the importance of the Edwardsport coal-gasification facility, as coal-fired plants are retired and non-coal units take their place.

 

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