Duke’s plan will keep Hoosiers paying for expensive and dirty energy for decades into the future. We found that Duke could save Hoosiers money while moving faster to clean energy solutions.
- May 17, 2022
As a result of slow electric load growth due to many factors (including economic downturns, increased energy efficiency, and decreased costs of distributed generation, most notably rooftop solar), Indiana’s electric utilities are seeking to increase fixed monthly charges on customer bills.
INDIANAPOLIS— Since June 2013, when the Edwardsport IGCC power plant in Knox County, Indiana, was declared “in-service”, by Duke Energy, its captive ratepayers have doled out nearly $1.8 billion to pay for the inconsistent and unreliable operations of the plant. According to expert testimony filed on Tuesday by the Citizens Action Coalition (CAC) before the Indiana Utility Regulatory Commission (IURC), this represents $1.4 billion more than ratepayers would have paid for electricity on the wholesale market, a huge subsidy to the monopoly utility Duke Energy and a massive economic loss for captive ratepayers.
These are the issues of immediate importance we are working on right now.