Duke Energy

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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Duke foes skeptical about Edwardsport price tagRestricted Content

June 30, 2012
Chris O'Malley
Utility denies claim it is trying to sidestep $2.6 billion cap on costs that can be passed along to ratepayers.
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N.C. regulators clear hurdle to Duke-Progress merger

June 29, 2012
Associated Press
North Carolina utility regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company.
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State, utility plan cleanup of long-closed gas plant

May 29, 2012
Associated Press
Indiana's environmental agency and Duke Energy Corp. are moving ahead with the cleanup of a long-closed manufactured-gas plant in Shelbyville.
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Utilities, public clash on tree-trimming policiesRestricted Content

May 19, 2012
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
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Duke Energy profit falls on Indiana plant settlement

May 4, 2012
Bloomberg News
Duke Energy Corp. said first-quarter profit fell 42 percent after a regulatory settlement in Indiana increased costs and mild weather reduced heating demand.
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Indiana announces proposed Duke Energy settlement

April 30, 2012
Associated Press
Duke Energy Corp. has agreed to cap the cost of its troubled coal-gasification plant in southwestern Indiana at $2.6 billion, or about $700 million less than the expected cost of construction, as part of a proposed settlement announced Monday.
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Plant upgrades might cost IPL nearly $1 billionRestricted Content

April 28, 2012
Chris O'Malley
New federal mercury-reduction regulations may force Indianapolis Power & Light to spend nearly $1 billion to upgrade its coal-fired electric plants scattered around Indiana. Duke Energy is mulling everything from plant upgrades to shutting down older units.
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Grand jury indicts former state utilities chief Hardy

December 12, 2011
Chris O'Malley
David Lott Hardy, who was fired from his job as chairman of the Indiana Utility Regulatory Commission in 2010, is accused of official misconduct.
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Indiana plant a drag on Duke Energy earnings

November 3, 2011
Associated Press
Duke Energy Corp.'s third-quarter earnings tumbled 30 percent, the company said Thursday, with energy consumption falling at the same time that costs rose unexpectedly for a new plant in Indiana.
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Ethics scandal costs Duke Energy in two rulings

October 19, 2011
Chris O'Malley
A 2010 ethics scandal involving the former chief legal counsel for the Indiana Utility Regulatory Commission has come back to bite the state's biggest electric utility.
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Duke to begin razing state's oldest coal plant

September 26, 2011
Associated Press
Duke Energy Corp. is preparing to demolish a coal-fired power plant that's Indiana's oldest electricity-generating plant of its kind.
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Critics seek conditions on Progress-Duke Energy merger

September 20, 2011
Associated Press
Charlotte-based Duke Energy and Raleigh-based Progress Energy want to combine into one company with more than 7 million customers in the Carolinas, Florida, Kentucky, Indiana and Ohio.
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Future of western Indiana power plant in doubt, Duke says

September 16, 2011
Associated Press
Duke Energy expects to close much of a coal-powered generating plant in western Indiana within the next few years.
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Duke turns second-quarter profit on higher revenue

August 2, 2011
Bloomberg News
Duke Energy Corp., which is buying Progress Energy Inc. to become the largest U.S. utility owner, on Tuesday reported a second-quarter profit after a year-ago loss.
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Duke ignored water issue at Indiana plant, consultant says

July 29, 2011
Chris O'Malley
Utility officials waited seven months to act on hazardous water concerns during construction of its costly Edwardsport plant and banked on winning an exemption, which the EPA later denied.
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Consumer group accuses Duke of 'gross mismanagement'

July 15, 2011
Chris O'Malley
"Gross mismanagement" and improper communications with ex-regulatory chairman are among evidence in testimony to make Duke, rather than ratepayers, swallow major cost overruns at Edwardsport power plant.
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Agency: Duke customers shouldn't pay $530M in overruns

July 8, 2011
Chris O'Malley
The Indiana Office of Utility Consumer Counselor has filed a blistering rebuke of Duke Energy Corp. for the high cost of its Edwardsport coal-gasification plant and has asked regulators to deny Duke’s request to charge ratepayers $530 million for cost overruns.
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Duke uncertain about impact of Indiana unit shutdown

June 6, 2011
Associated Press
Officials at Duke Energy don't know how soon they will be able to shut down two coal-burning units at a southern Indiana power plant after deciding to drop a multimillion-dollar project to convert them to natural gas.
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Electric vehicles gain traction in regionRestricted Content

June 4, 2011
Chris O'Malley
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
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Duke Energy quarterly profit rises almost 15 percent

May 3, 2011
Associated Press
Duke Energy Corp.'s first-quarter earnings rose almost 15 percent on strong results from its international operations and lower corporate costs.
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Storms drafted ethics memo on own case at IURC

April 14, 2011
Associated Press
Former Indiana Utility Regulatory Commission counsel Scott Storms spoke out for the first time publicly on ethics charges brought against him, denying allegations that there was a conflict of interest in how he handled cases involving Duke Energy.
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Regulators plan more hearings on Duke plant costs

February 21, 2011
Associated Press
Indiana utility regulators will hold two additional field hearings to take public comment on Duke Energy's request to pass along to ratepayers the $2.9 billion cost of a coal-gasification plant being built near Edwardsport in southwestern Indiana.
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Indiana watchdogs seek probe of Duke Energy plant

February 1, 2011
Associated Press
Consumer advocates are calling for Indiana regulators to appoint an independent investigator to look into whether Duke Energy Corp. used undue influence to win state approval for a nearly $3 billion coal-gasification plant.
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