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SEARCHThe city of Indianapolis and Indianapolis Power and Light have requested a $16 million rate increase to fund Mayor Greg Ballard’s proposed electric car-sharing program.
In order to fund Indianapolis Mayor Greg Ballard’s proposed electric car-sharing program, the city of Indianapolis and Indianapolis Power and Light (IPL) have requested that state regulators approve a $16 million rate hike, according to a report by the Indy Star.
The project would cost $12.3 million to install charging stations at 200 locations across the city and about $4 million to extend electrical lines to those stations, IPL Research Analyst Kimberly Berry told the Indy Star.
The electric car-sharing service would be the largest in the United States, says the report. The Bollore Group — a French conglomerate that runs a similar car-sharing program in Paris — will provide 500 plug-in electric cars and invest $35 million in the Indianapolis program, according to the report.
Click here for the full Indy Star article: http://www.indystar.com/story/news/politics/2014/04/21/city-ipl-ask-million-electric-rate-hike-car-share-program/7978475/
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