The Indiana Utility Regulatory Commission Friday morning turned down Duke Energy's seven-year plan for improving its transmission, distribution and storage system and the rate increase that would have funded the plan. The price tag for consumers would have been almost $2 billion over the seven-year life of the plan.
Among reasons listed by the commission for its denial are that some of the proposed projects in the plan do not meet statutory requirements for funding in such a plan because they do not directly improve transmission, distribution or storage systems.
A lengthy list of plan opponents testified last November, among them the Indiana Utility Consumer Counselor.
Consumer Counselor David Stippler said at the time that Duke had failed to list details of projects and costs, and that some of the listed projects were beyond the statutory scope of what is allowed in such plans.
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