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In a June 29, 2016 order, the IURC approved a seven-year plan for electric transmission, distribution and storage system improvements for Duke Energy, including incremental rate recovery of those costs as the projects proceed. The utility refers to the program as its Transmission and Distribution Infrastructure Improvement Plan (T&D Plan).
While the utility had originally proposed a $1.83 billion plan, the Commission's order approved a settlement agreement that will cap rate recovery for the plan's projects at $1.4 billion. The OUCC's March 7, 2016 news release offers a summary of the agreement.
The OUCC issued a January 19, 2016 news release to invite consumer comments.
Duke Energy filed its request under a law (Senate Enrolled Act 560) passed by the Indiana General Assembly in 2013.
In a separate case, the IURC denied Duke Energy's first request for such a plan in May 2015. The OUCC's May 8, 2015 news release offers more information.
Duke Energy's first requested rate adjustment under the approved plan is pending before the IURC. It would raise the monthly residential electric bill for a customer using 1,000 kWh by $1.51, according to the utility's testimony. The OUCC is reviewing the proposed tracker change and is scheduled to file testimony on January 10, 2017.
A brief summary of the 2013 law
Indiana Code 8-1-39 allows electric and natural gas utilities to submit 7-year infrastructure improvement plans for IURC approval. It requires the IURC to rule within 210 days once such a request is filed.
Duke Energy's request
All public filings in the case, including settlement testimony, are available by visiting the IURC's Electronic Document System and entering cause number 44720.
According to the utility's testimony and exhibits:
This page will be updated based on future developments.