Electric

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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Indiana county OKs project for 80 wind turbines

March 2, 2012
Associated Press
Charlottesville, Va.-based Apex plans to install the wind turbines in southern Wells County, about 100 miles northeast of Indianapolis.
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Electric-grid facility in Carmel suffers $11M in damages

February 16, 2012
Scott Olson
In a filing earlier this month, the Midwest Independent Transmission System Operator Inc. told federal regulators that a mechanical failure in September contaminated the data center.
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Consultant: IPL's downtown network needs closer eye

December 13, 2011
 IBJ Staff
Atlanta firm says IPL underground system "well designed and regularly maintained" but may need upgrades to avoid more explosions.
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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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Downtown getting blast-resistant manhole covers

December 9, 2011
Associated Press
Utility crews are installing about 100 new manhole covers in downtown Indianapolis that are designed to reduce the extent of damage from underground explosions and fires.
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Midwest ISO announces $6.5B in electric grid improvements

December 8, 2011
The Carmel-based not-for-profit's long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.
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Regulators approve deal on $2.65B gasification plant

November 22, 2011
Associated Press
Indiana regulators have approved plans for a $2.65 billion coal gasification plant at the Ohio River city of Rockport and a state agency's 30-year contract to buy its synthetic natural gas.
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Indiana expands probe into Indy manhole blasts

November 21, 2011
Associated Press
Indiana utility regulators are expanding a third-party review of Indianapolis manhole explosions to include the latest two blasts.
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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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City plans to install solar panels at public works buildings

August 25, 2011
Francesca Jarosz
The city has put out a request seeking companies or teams of firms qualified to install solar photovoltaic systems at three of its public works buildings and garages.
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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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States cut programs to help poor cool their homes

July 21, 2011
Associated Press
Many states hit hardest by this week's searing heat wave have drastically cut or entirely eliminated programs that help poor people pay their electric bills, forcing thousands to go without air conditioning when they need it most.
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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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Massive wind farm planned north of Indianapolis

May 31, 2011
 IBJ Staff
A Chicago-based wind-farm developer is planning a $175 million farm about 45 miles north of Indianapolis that will span parts of Madison, Tipton, Grant and Howard counties.
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IPL exec promoted to CEO

May 11, 2011
 IBJ Staff
After about a month as interim CEO, Indianapolis Power & Light Co. executive Ken Zagzebski has won the job for good.
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