Duke Energy

Court rules Duke must cover ice storm costs

December 28, 2012
Associated Press
The Indiana Court of Appeals has upheld state regulators' rejection of Duke Energy's bid to pass $11 million in costs it incurred during a 2009 ice storm onto its customers.
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IURC caps ratepayers' share of Edwardsport plant at $2.6B

December 27, 2012
Chris O'Malley
Opponents call the deal too generous to Duke Energy and say it doesn't protect ratepayers from rising financing costs.
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Michael Browning was key player in N.C. corporate dramaRestricted Content

December 22, 2012
Greg Andrews
Indianapolis real estate developer Michael Browning was one of two Duke Energy board members who led the surprise ouster of the company's CEO.
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Duke Energy CEO apologizes to regulator over probe

December 11, 2012
Associated Press
The head of Duke Energy said he regrets that officials with the nation's largest electric company went too far in their criticism of North Carolina regulators responsible for setting rates in its top power market, according to a letter released Tuesday.
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Indiana court hears Duke Energy ice storm case

December 10, 2012
Associated Press
An attorney for Duke Energy Corp. urged the Indiana Court of Appeals on Monday to reverse a state regulatory panel's decision blocking the company's attempt to pass onto its customers the cost of damages it incurred during a 2009 ice storm.
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Regulator approves Duke Energy probe settlement

December 3, 2012
Associated Press
Duke Energy formalized deals Monday that ended separate investigations by North Carolina regulators and the attorney general into whether the utility misled officials before a merger that made it the country's largest electric company.
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Duke Energy earnings hurt by mild weather

November 8, 2012
Associated Press
Duke Energy Corp., the nation's largest electric utility by market value, reported stronger-than-expected earnings for the third quarter, but company executives said the outlook for strong economic growth in the U.S. is dim.
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Chrysler drives off with $2.5M refund from Duke Energy

October 5, 2012
Chris O'Malley
The automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the seven-figure deposit for service at its Kokomo plant since 2009.
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Utilities to get bill for damaged grid-control room

August 27, 2012
 IBJ Staff
A Carmel not-for-profit that monitors the electric grid in 11 states and part of Canada plans to pass on to its member utilities and transmission-line operators $5.4 million in costs resulting from damage to its local data center last September.
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Toyota, Duke to test electric-vehicle technology in Indiana

August 22, 2012
Chris O'Malley
Toyota Motor Corp. will test and refine electric-vehicle-charging technology in the Indianapolis area under a partnership with Duke Energy Corp. announced Wednesday morning.
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Regulators order Duke, Progress to disclose deals

August 15, 2012
Associated Press
North Carolina utilities regulators have ordered Duke Energy and Progress Energy to detail some of the deals they cut with major customers before their merger earlier this year.
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$14M legal tab touches off new skirmish in Duke caseRestricted Content

August 4, 2012
Chris O'Malley
Citizens Action Coalition, Sierra Club, Save the Valley and Valley Watch are hoping questions over legal fees the utility agreed to pay attorneys for industrial customers scuttle a deal over cost overruns at the $3.3 billion Edwardsport coal gasification plant.
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Duke Energy earnings creep up on higher rates

August 2, 2012
Associated Press
Duke Energy Corp.’s earnings rose 2 percent in the second quarter on higher electric rates, but newly acquired subsidiary Progress Energy saw earnings plummet as a result of planned nuclear plant outages.
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N.C. regulators hire law firm to probe Duke Energy

August 1, 2012
Associated Press
North Carolina utilities regulators said Wednesday they have hired a former federal prosecutor with experience digging into corporate affairs to reveal whether regulators were misled ahead of a takeover that created America's largest electric company.
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Judge won't dismiss charge against ex-utility boss

July 31, 2012
Associated Press
A judge has refused to dismiss an official misconduct charge against Indiana's former top utility regulator, David Lott Hardy.
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Legal drama over Duke Energy merger lingers

July 30, 2012
Associated Press
The investigations into whether regulators and consumers were misled in the run-up to the merger of North Carolina's two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week.
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MAURER: Jim Rogers is rarely outmaneuveredRestricted Content

July 21, 2012
Mickey Maurer
“My grand pappy was a chess grand master,” Jim Rogers declared as we sat down to a game back in the early 1990s. Jim was a pal. When he and his wife, M.A., lived in Carmel, we vacationed together and enjoyed running and biking on the weekends. He was a competitor. He liked to win.
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Ex-Progress CEO says Duke tried to nix merger amid tensions

July 19, 2012
Bloomberg News
Bill Johnson, the man who was CEO of Duke Energy Corp. for eight hours after its $17.8 billion takeover of Progress Energy Inc., began testifying Thursday to the North Carolina Utilities Commission.
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Regulators to quiz CEO ousted in utility takeover

July 18, 2012
Associated Press
North Carolina regulators expect testimony Thursday from the CEO ousted by Duke Energy Corp. within hours of becoming the top executive of the country's largest electric company.
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Duke Energy seeks delay in CEO-switch testimony

July 17, 2012
Associated Press
Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors, including local businessman Michael Browning, about the surprise CEO switch at the top of America's largest electric company.
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Browning ordered to testify over Duke Energy CEO's ouster

July 17, 2012
Chris O'Malley
Indianapolis real estate developer and Duke Energy Corp. director Michael Browning has been ordered to appear Friday before the North Carolina Utilities Commission, which is investigating the unexpected ouster of the utility’s new CEO just hours after the company merged with Progress Energy Inc.
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Chrysler seeks $2.5M utility deposit from Duke Energy Indiana

July 13, 2012
Chris O'Malley
The automaker is asking the Indiana Utility Regulatory Commission to look into its dispute with Duke Energy—and order the utility to return a deposit it required to keep the power on at Chrysler's Kokomo plants.
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Duke to NC regulators: CEO's term not guaranteed

July 11, 2012
Associated Press
Jim Rogers, Duke Energy Corp.'s surprise CEO, said America's largest electric company dumped Progress Energy Inc. CEO Bill Johnson because directors of the two merging corporations worried about Johnson's authoritarian style and being forced to pump billions into a troubled Florida nuclear plant.
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Sudden Duke Energy CEO shift puts Rogers in spotlight

July 9, 2012
 IBJ Staff and Bloomberg News
Three former board members of Progress Energy Inc. said they would have voted against Duke's $17.8 billion takeover offer had they known Rogers would remain in charge of the combined companies.
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Rogers stays in charge at Duke Energy after CEO resigns

July 3, 2012
Bloomberg News
Duke Energy Corp. on Tuesday unexpectedly announced the resignation of Bill Johnson, previously named to be the CEO after its $17.8 billion takeover of Progress Energy Inc. James Rogers has been named CEO of the merged companies effective immediately.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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