Duke Energy Modernizing Energy Grid Means Higher Energy Prices for Consumers

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Duke Energy got the go-ahead to modernize its energy grid in Indiana, but that means higher energy prices for consumers. The 800,000 Duke Energy customers in Indiana will see their electrical bills rise over the next five years to pay for the more than $1 billion in upgrades to the company’s statewide energy grid. The Indiana Utility Regulatory Commission approved the company’s settlement with several consumer groups over how to pay for improvements for substations, utility poles, power lines and transformers. Customers will see a gradual rate increase of $0.75 percent per year through 2022.