Duke Energy

Duke Energy Incentive Riders

Duke Energy has developed incentive riders to enhance economic development through reductions in electric rates for use of major expansions and new businesses.

• The Carolinas − Duke Energy
  The Carolinas − Duke Energy Economic Development Rider (EC) Provides new large qualified customers a discounted power rate for four years of operation (1,000-kilowatt (kW) minimum load).
  
  Economic Redevelopment Rider (ER) Provides new large qualified customers who occupy an existing building a 50 percent discount on power for one year (500-kW minimum load).
  
  Carolinas Investment Fund (CIF) Special fund that can be used to supplement a county’s incentive package for a project or to support site readiness and industrial park development.
• The Carolinas – Duke Energy Progress
  The Carolinas – Duke Energy Progress Economic Development Rider ED-9A (NC) (pdf), Rider ED (SC) (pdf)• This rider offers discounts over five years on the demand charges for new loads over 1,000 kW when stipulated employment and investment conditions are satisfied.
  • The contract period for the new load is five years.
  
  Economic Redevelopment Rider ERD-5A (NC) (pdf), Rider-ER (SC) (pdf)• This rider offers discounts for 12 months for new loads over 500 kW installed at an existing unoccupied or dormant premise when stipulated dormancy, employment and investment conditions are satisfied.
  • The contract period is five years.
• Indiana
  Indiana Economic Development Rider 58 (pdf)In May 2013, we enhanced our Incentive Rider 58 to allow for a four-year declining reduction (20%, 15%, 10%, 5%) on the Duke Energy electric bill (except for applicable sales tax) for any new or additional (incremental) load associated with an economic development project. The Rider will apply to HLF and LLF customers with at least 250 hours of use each month. See our Key Points Summary Sheet for specific enhancements.
  
  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 percent reduction in the demand charge in the first year, declining to a 10 percent reduction in the fifth year.
  
  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.
• Ohio and Kentucky
  Ohio and Kentucky Brownfield Redevelopment (Rider BR) Allows business customers locating in qualifying “brownfield” redevelopment areas, as defined by the state or federal law and served by existing Duke Energy lines, to receive reductions in electric demand charges for a five-year period. A 50 percent reduction in the demand charge in the first year, declining to a 10 percent reduction in the fifth year.
  
  Development Incentive (Rider DIR) Reduces a qualifying business customer’s base rate energy and demand costs by 50 percent for one year if a new or existing customer adds a minimum new load of 1,000 kilowatt (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 Kentucky must be at least $1,000,000 per 1,000 kW of new load.
  
  Urban Redevelopment Rider Gives qualifying 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 percent reduction in their base rate energy and demand costs for one year, provided the new load is a minimum of 500 kW at one delivery point and does not require additional transmission or distribution investment.
• Florida
  Florida Economic Development Rider (ED-1)• This rider offers discounts over five years on the demand and energy charges for new loads over 500 kW demand when stipulated employment and/or investment conditions are satisfied.
  • The contract period for the new load is five years.
  
  Economic Redevelopment Rider (EDR-1) • This rider offers discounts over three years on the non-fuel BA-1 tariff charges for new loads over 350 kW demand when stipulated employment and/or investment conditions are satisfied.
  • The contract period for the new load is five years.