Regulators Want to Cut Duke Energy’s Proposed 400 Million-Dollar Rate Hike

Utility regulators in Indianapolis say 400-million-dollars in new charges for Duke Energy customers is too much.

The state’s Office of Utility Consumer Counselor this week said the state’s largest utility should cut customers’ bills by at least 130-million-dollars.

Duke says it wants to raise rates on customers to provide cleaner energy and a more reliable power grid.

The state says Duke already charges customers plenty for green energy and transmission upgrades.

A hearing on the disagreement is likely to come in January.