INDIANAPOLIS – Vectren is currently before the Indiana Utility Regulatory Commission (“IURC”) seeking permission to charge ratepayers $781M for the construction of a massive, new 850MW gas-fired power plant, and $95M for projects at the F.B. Culley Unit 3 coal-fired power plant to extend its life to at least 2036. On Friday August 10th, a group of citizen groups, including Citizens Action Coalition (“CAC”), Sierra Club, and Valley Watch, filed testimony asking the IURC to reject Vectren’s request.
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.
