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City, IPL ask for $16 million electric rate hike for car share program

Indianapolis Power and Light and the city are asking state regulators for a possible $16 million rate hike to cover the cost of Mayor Greg Ballard’s proposed electric car sharing program.

In a filing with the Indiana Utility Regulatory Commission, IPL research analyst Kimberly Berry said the rate increase would amount to 44 cents a month for the typical customer beginning in January 2018.

Berry said it would cost $12.3 million to install charging stations at 200 locations across the city for the mayor’s car-sharing program and a little less than $4 million to extend electrical lines to those stations.

The city has contracted with the Bolloré Group, a French conglomerate, to provide 500 plug-in electric cars at sites across town that residents can rent for as little as 15 minutes to run errands.

Bolloré, which runs a similar program in Paris, will invest $35 million in the system. But IPL says the cost of building and powering up to 1,000 charging stations will cost $16 million and it needs to recover the cost from consumers.

Lotter described the city’s and IPL’s petition as permission to raise rates only if a profit sharing plan between the plug-in company and city doesn‘t pay for the installation costs.
Indianapolis Power and Light and the city are asking state regulators for a possible $16 million rate hike to cover the cost of Mayor Greg Ballard’s proposed electric car sharing program.

In a filing with the Indiana Utility Regulatory Commission, IPL research analyst Kimberly Berry said the rate increase would amount to 44 cents a month for the typical customer beginning in January 2018.

Berry said it would cost $12.3 million to install charging stations at 200 locations across the city for the mayor’s car-sharing program and a little less than $4 million to extend electrical lines to those stations.

The city has contracted with the Bolloré Group, a French conglomerate, to provide 500 plug-in electric cars at sites across town that residents can rent for as little as 15 minutes to run errands.

Bolloré, which runs a similar program in Paris, will invest $35 million in the system. But IPL says the cost of building and powering up to 1,000 charging stations will cost $16 million and it needs to recover the cost from consumers.

Lotter described the city’s and IPL’s petition as permission to raise rates only if a profit sharing plan between the plug-in company and city doesn‘t pay for the installation costs.
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