{"id":3992,"date":"2015-05-09T09:15:25","date_gmt":"2015-05-09T15:15:25","guid":{"rendered":"http:\/\/valleywatch.net\/?p=3992"},"modified":"2015-05-09T09:15:57","modified_gmt":"2015-05-09T15:15:57","slug":"tremendous-victory-for-cac-and-the-state","status":"publish","type":"post","link":"http:\/\/valleywatch.net\/?p=3992","title":{"rendered":"Tremendous victory for CAC and the State"},"content":{"rendered":"

\"citact_logo_40_yrs_370x54\"<\/a><\/p>\n

May 8, 2015 – Press Release from Citizens Action Coalition<\/a><\/p>\n

For immediate release – May 8, 2015
\nContact:
\nKerwin Olson\u00a0kolson@citact.org<\/a>
\nJennifer Washburn\u00a0jwashburn@citact.org<\/a><\/p>\n

INDIANAPOLIS – Today the Indiana Utility Regulatory Commission denied Duke Energy Indiana\u2019s request for nearly $1.9B from captive ratepayers. \u00a0In their final order, the IURC cited a lack of evidence as well as insufficient cost estimates to justify the expenditures. \u00a0The IURC also noted the ineligibility of many projects under the controversial Transmission Distribution and Storage Improvement Charge (TDSIC) statute, such as a $1.5 million customer contact software system, a $3 million \u201cenergy learning center,\u201d and $48.5 million in vegetation management, more commonly referred to as tree-trimming. \u00a0Similarly, the IURC also denied Indiana Michigan (I&M) Power Company\u2019s $787 million TDSIC plan today.<\/p>\n

The TDSIC statute was the result of Senate Enrolled Act 560 which passed the Indiana General Assembly in 2013. \u00a0The legislation was written and supported by the Indiana Energy Association, the monopoly utilities\u2019 trade association. \u00a0CAC has advocated for the repeal of SEA 560, which shifts the risk from utility investors to the ratepayers and puts onerous timelines on the IURC to act within 300 days or else the utilities are allowed to \u201cself-implement\u201d rate increases.<\/p>\n

Duke\u2019s proposal included a $177 million request to install expensive, invasive, and unnecessary smart meters in every home and business in their Indiana service territory. \u00a0They also requested to continue to earn a return on the investment for the old meters they were going to remove while simultaneously recovering the costs (plus a rate of return) of the new smart meters.<\/p>\n

Kerwin Olson, Executive Director at CAC, stated \u201cI\u2019ve seen more detail in most elementary students\u2019 math homework. \u00a0Duke thought they could cram through this expensive, unnecessary plan after they paid for the passage of this dangerous legislation. \u00a0The denial of both the Duke and the I&M filings under the law clearly displays that SEA 560 is a horrific piece of public policy that should be repealed by the Indiana General Assembly as soon as possible.\u201d<\/p>\n

\u201cThe IURC showed true leadership today. CAC praises the IURC for its courageous action and we highly commend the Office of Utility Consumer Counselor and our industry allies for their leadership and collaboration in this case.\u201d<\/p>\n

***<\/p>\n","protected":false},"excerpt":{"rendered":"

May 8, 2015 – Press Release from Citizens Action Coalition For immediate release – May 8, 2015 Contact: Kerwin Olson\u00a0kolson@citact.org Jennifer Washburn\u00a0jwashburn@citact.org INDIANAPOLIS – Today the Indiana Utility Regulatory Commission denied Duke Energy Indiana\u2019s request for nearly $1.9B from captive … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[86,23,157],"class_list":["post-3992","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-cac","tag-duke-energy","tag-indiana-energy"],"_links":{"self":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts\/3992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3992"}],"version-history":[{"count":2,"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts\/3992\/revisions"}],"predecessor-version":[{"id":3995,"href":"http:\/\/valleywatch.net\/index.php?rest_route=\/wp\/v2\/posts\/3992\/revisions\/3995"}],"wp:attachment":[{"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3992"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/valleywatch.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}