Policy: Environment & Energy

City, utility want rate hike for car-sharing plan

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News,Business,Energy and Environment

INDIANAPOLIS (AP) — Indianapolis Power and Light and the city of Indianapolis are seeking a $16 million rate hike to pay for a proposed electric car sharing program.

The Indianapolis Star reports (http://indy.st/1lvE34Z ) IPL research analyst Kimberly Berry says in a filing with the Indiana Utility Regulatory Commission that the rate increase would start in January 2018 and amount to 44 cents a month for the typical customer.

The city has contracted with French conglomerate the Bollore Group to provide 500 plug-in electric cars that residents can rent to run errands.

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

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Information from: The Indianapolis Star, http://www.indystar.com

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