INDIANA —The Indiana Office of Utility recommends that Duke Energy reduce its pending rate request by more than 60%.
According to a release, Duke Energy requests a $491.5 million base rate increase from the Indiana Utility Regulatory Commission. An analysis from the OUCC shows that an increase of $184.7 million (6.1%) is warranted.
Ten OUCC witnesses filed testimony with the IURC this week. The testimony notes that most of the increase requested is due to capital projects that received IURC preapproval and are now included in rates as provided by state law.
“The significant reduction we recommend to Duke Energy’s request is based on a thorough analysis by our attorneys and technical staff, and it balances the need for reliable service with the affordability concerns raised by our staff and by the hundreds of customers who have spoken out on the request,” said Indiana Utility Consumer Counselor Bill Fine.
