Indiana Utility Commission Denies Rate Increase to Fund Electric Carsharing

Photo courtesy of BlueIndy.
Photo courtesy of BlueIndy.

The Indiana Utility Regulatory Commission (IURC) has denied a $16 million rate increase to Indianapolis Power & Light Co. (IPL), according to a report by the IndyStar. IPL requested the increase in order to help fund the electric carsharing company BlueIndy’s charging stations.

IPL has until early March to appeal the decision; otherwise, the city and IPL will need to find alternative funding for the chargers, says the report.

The Commission reduced an agreement among the city of Indianapolis, IPL and the Office of Utility Consumer Counselor to charge all Indianapolis electric customers 28 cents a month to cover the $16 million cost to IPL to build the powering stations, according to the report.

Instead, the IURC said IPL could pass along only $3 million in costs to extend power lines to the stations, says the report.

"We ultimately determined that there was insufficient evidence to justify the use of ratepayer funds to install infrastructure owned by a private company," Commission Chairwoman Carol Stephan told the IndyStar.

The BlueIndy electric carsharing program is expected to launch in 2015.

“Despite this finding, the city remains committed to working with our partners … to implement a successful electric vehicle carshare program for the benefit of our entire community,” Mayor Greg Ballard told the IndyStar.

Click here to read the full IndyStar report: http://www.indystar.com/story/money/2015/02/10/decision-reached-rate-hike-electric-car-sharing-program/23194025/

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Why Do We Visit Capitol Hill?

Members of the American Car Rental Association met with U.S. senators, representatives, and their aides last week. Here’s why bringing the message to this forum matters.

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Job Finder: Access Top Talent. Fill Key Positions.