Indiana Economic Development Riders

At Duke Energy, we believe in creating programs that will strengthen the communities we serve and promote long-term economic growth in Indiana.  We developed three incentive riders to enhance economic development through reductions in electric rates for use of unoccupied buildings, brownfield sites, major expansions and new businesses.

Incentive Rider Brochure (pdf, 906 KB)
Provides a detailed review of our economic development incentive riders.

Economic Development Rider 58:

  • Reduces a business customer's base rate energy and demand costs by 50% for one year if a new or existing customer adds a minimum new load of 1,000 kW at one delivery point.
  • Customer must add a minimum of 25 full-time equivalent employees per 1,000 kW of new load.
  • Customer's capital investment in Indiana is at least $1,000,000 per 1,000 kW of new load.

Brownfield Redevelopment Rider 54:

  • Allows business customers locating in qualifying "brownfield" redevelopment areas, served by existing Duke Energy lines, to receive reductions in electric demand charges for a five-year period.
  • A 50% reduction in the demand charge in the first year, declining to a 10% reduction in the fifth year.

Urban Redevelopment Rider 59:

  • Gives business customers who locate in an existing building of at least 25,000 square feet, that is unoccupied or has remained dormant for at least two years, a 50% reduction in their base rate energy and demand costs for one year, provided that the new load is a minimum of 500 kW at one delivery point and does not require additional transmission or distribution investment.

These economic development riders will expire December 31, 2008.   To the extent that these riders do not cover our incremental costs, Duke Energy has agreed that our shareholders, not Duke Energy Indiana’s other ratepayers, will bear the costs.