TERRE HAUTE, Ind. (WTWO/WAWV) —A number of homeowners are upset about a proposed rate increase from Duke Energy. Tuesday evening, The Indiana Office of Utility Consumer Counselor welcomed public comments on Duke Energy’s pending rate request.
Duke Energy`s request would raise annual revenues for its Indiana electric utility by nearly $492 million. When new rates are fully implemented in 2025 the average monthly residential bill would be over $170, which is a 16 percent increase. The monthly connection charge for each residential customer would rise from $10 to $13.
Duke Energy wants the increase because of infrastructure projects at its power plants and throughout its transmission and distribution system, along with increased operating and maintenance costs.
“We don’t take asking for an increase in electric rates lightly. We know that utility costs can be a major part of a household or businesses budget. And that’s why for instance since 2020 we have held the line on day to day operating costs, they’re essentially flat,” Spokesperson for Duke Energy Angeline Protogere said.
A final decision in this case is expected next year.
Dozens of community members at the meeting expressed how they felt about the rate increases. They mentioned things like not being able to afford the increase, needing to cut back on daily essentials, and Duke Energy using consumers’ money to donate to varies organizations.
“They do have the billions in profits. They have the money there. They don’t want to part with their money they want to grab more of ours,” Resident Cindy Pyle said.
“You know, I have a family too. I have a family to support. So, I feel bad for any body that’s trying to do this rate increase. There not going to be able to pay it. We’ll end up with no power,” Resident Cathy Brock said.
Consumers who wish to submit written comments may do so on The Indiana Office of Utility Consumer Counselor’s website no later than Friday, July 5.
