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.

Duke Energy Indiana Incentive Rate Rider Brochure (pdf)

Economic Development Rider 58 (pdf):

  • Customer’s existing maximum demand charge or the maximum demand charge for the new load, whichever is applicable, shall be reduced by 60% for a period of twelve 12 months.
  • Where the customer is new to the Company’s service area or is an existing customer expanding, the customer must meet the qualifications under 1) or 2) below
    • Customer must add a minimum of 25 full-time equivalent employees per 1,000 kW of new load.  Also, the customer’s new or expanded load must result in capital investment of at least one million dollars ($1,000,000) per 1,000 kW demand of new or expanded load.
    • Customer's capital investment in Indiana is at least $10,000,000 per 1,000 kW of new load.
  • The maximum load to qualify for this Rider is 10,000 kW. This Rider will apply only to customers served under Rate HLF Schedule for High Load Factor Service. 

Brownfield Redevelopment Rider 54 (pdf):

  • 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 (pdf):

  • 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.
  • New load is a minimum of 500 kW at one delivery point and does not require additional transmission or distribution investment.
  • The customer’s maximum load charge (demand charge) for the new load shall be reduced by 60% for a period of 12 months.

These economic development riders will expire on December 31, 2012.   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.