December 9, 2015

Duke Energy Revamps Plan To Upgrade Aging Electrical Grid

Duke Energy has revised its nearly $2 billion plan for upgrading its aging electric grid, months after state regulators rejected the utility's first proposal. - stock photo

Duke Energy has revised its nearly $2 billion plan for upgrading its aging electric grid, months after state regulators rejected the utility's first proposal.

stock photo

INDIANAPOLIS (AP) — Duke Energy has revised its nearly $2 billion plan for upgrading its aging electric grid, months after state regulators rejected the utility's first proposal.

The plan filed Monday reduces the number of projects Duke wants its 810,000 Indiana customers to pay for.

Duke said its revised $1.83 billion plan complies with the Indiana Utility Regulatory Commission's request to explain its costs and confine modernization projects to its grid.

But the consumer watchdog group Citizens Action Coalition says it will keep fighting Duke's revised plan.

Citizens Action Coalition Executive Director Kerwin Olson tells The Indianapolis Star "not much has changed" between Duke's original plan the IURC rejected in May and its new proposal.

Duke's modernization plan would raise rates on its Indiana customers by 6 percent between 2017 and 2022.

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