INDIANAPOLIS (AP) — An electric car-sharing program will cost customers of Indianapolis Power & Light Co. about 36 percent less than originally requested under a settlement the Indiana Office of Utility Consumer Counselor has reached with the utility, the agency said Thursday.
The settlement filed with the Indiana Utility Regulatory Commission would reduce the average cost per month per average household to 28 cents rather than 44 cents, it said.
The initial rate increase request from the utility and the city sought $16 million from ratepayers to install charging stations for the BlueIndy program and other equipment and to extend power lines to them.
BlueIndy is a partnership between the city and the France-based Bollore Group, which makes the electric cars and their lithium metal polymer batteries. Plans call for the city to have 125 rentable cars available by the end of 2014 at 25 charging sites, including the city's airport and shopping and cultural districts.
The OUCC had expressed support for the project but challenged the notion that the funding request was in the public interest. Under the settlement, "we believe this agreement is in the public interest and should be approved by the IURC," Utility Consumer Counselor David Stippler said in a statement.
Continue reading this story on the...