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IURC to re-examine Duke project amid ethics flap

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The Indiana Utility Regulatory Commission said it will review four years of cases regarding Duke Energy Corp.’s expensive Edwardsport coal-gasification plant amid a growing ethics controversy involving the company and state regulators.

The commission has also summoned Jim Rogers, the CEO of North Carolina-based Duke, to justify anew the need for the Edwardsport plant, during a hearing on Nov. 3.

In addition, the State Ethics Commission on Thursday filed formal charges against Scott Storms, the IURC former top attorney, for negotiating a job with Duke even as he participated in decisions regarding Duke and its Edwardsport plant. That behavior violates state conflict-of-interest statutes, the complaint alleges.

The Ethics Commission had initially OK’d attorney Storms’ September switchover to work at Duke.

Storms’ contact with Duke officials emerged in e-mails discovered in a probe by Gov. Mitch Daniels’ office, according to Duke. Daniels fired former IURC Commissioner David Hardy on Oct. 5 over the matter and Duke placed its Indiana CEO on administrative leave.

Now, the IURC has opened up its own investigation into the ethics flap, the commission announced Thursday.

Duke’s Edwardsport plant has been controversial as the costs for building it have climbed to $2.9 billion from initial estimates near $1.5 billion. In July, Storms signed off on Duke’s request to pass those costs on to customers.

The Edwardsport plant is already about 70 percent complete, and Duke recently reached a settlement with consumer groups to cap the plants costs at $2.975 billion. Those costs, when passed on to Duke customers, would raise their bills by about 16 percent between now and 2013.

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  • "Flap" devalues the story
    This is a major story that probably costs ratepayers millions and the IBJ uses the shallow, devaluing term "flap" as if it were a non-serious situation.
  • Interesting, but...
    ....didn't I read about all this stuff in the Indy Star?

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  1. So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.

  2. Owner occupied housing. Clear enough?

  3. So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.

  4. Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.

  5. RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.

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