Duke Energy Indiana filed a plan Tuesday with Indiana state utility regulators to improve the reliability and resilience of its statewide network of power lines and infrastructure that deliver electricity to more than 860,000 Hoosier homes, businesses, and industries.
The six-year plan uses a combination of advanced technology and infrastructure upgrades to improve service to customers.
If the plan is approved by the Indiana Utility Regulatory Commission, Duke Energy would submit semi-annual filings over six years to the commission to review progress and requests to recover the costs of investments made.
Any customer rate impact would have to be approved by state regulators and would be gradual as work is completed.
Duke Energy estimates its grid improvement strategy, if approved, would increase rates an average of about 1% per year between 2024 and 2029.