INDIANAPOLIS - Duke Energy is proposing a nearly $2 billion electric grid upgrade that Indiana's largest power company says would help it reduce power outages.
Duke planned to file a proposal Friday with the Indiana Utility Regulatory Commission that would include infrastructure upgrades and adding new technology the company says will mean fewer and shorter power outages.
If regulators approve the $1.9 billion plan, Duke says its roughly 800,000 Indiana customers would see rate increases averaging about 1 percent per year between 2016 and 2022.
Citizens Action Coalition executive director Kerwin Olson says the consumer advocacy group intends to oppose elements of Duke's grid upgrade proposal.
Olson says the plan would cause significant rate increases that would harm the elderly, the disabled and those on fixed incomes.
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