Monroe County councilor calls on public to give feedback on possible 19-percent Duke Energy rate increase

At Tuesday night’s regular meeting of Monroe County’s council, the seven-member group got a request for an extra $80,500 to pay for utilities at five county buildings. The extra expenditure was needed because of inaccurate estimates of usage, not the planned electric rate increase by Duke Energy.

But the extra appropriation led to a quick discussion of a current proposal by Duke Energy to raise its residential electric rates by around 19 percent.

County councilor Eric Spoonmore told Angie Purdie, administer for the board of commissioners, he was glad she’d mentioned the rate case that’s now going through the regulatory process. He encouraged residents of Monroe County to make their voices heard on the matter.

Based on the Indiana Office of Utility Consumer Counselor (OUCC) summary of the Duke Energy proposal, Duke wants to increase annual operating revenues by $395 million, which is an rise of about 15.5 percent—after the proposed two-stage implementation is done, in 2020 and 2021.

How much would more would Duke Energy’s 840,000 customers in 69 Indiana counties pay? According to OUCC, Duke Energy’s request would raise a monthly residential electric bill for 1,000 kilowatt hours (kWh) from $120.30 to $142.95. That’s 18.8 percent more. Continue reading “Monroe County councilor calls on public to give feedback on possible 19-percent Duke Energy rate increase”