Electric

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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IPL agrees to buy solar power from Sunrise Energy VenturesRestricted Content

July 28, 2012
The Minnesota-based firm plans to generate the power at three, 10-megawatt sites in IPL's service territory.
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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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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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Sierra Club pressures utilities to find alternatives to coalRestricted Content

May 26, 2012
Chris O'Malley
Dave Menzer, director of the Sierra Club’s new “Beyond Coal” campaign in Indiana, aims to spark discussion about the health and environmental costs of the state’s bituminous bounty that for years has brought relatively cheap electric rates.
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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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Companies seek solar-panel lease contracts from city

May 14, 2012
Scott Olson
The City-County Council is set to hear a proposal by two companies to lease space on city-owned rooftops and sell electricity generated by solar panels installed in those spots.
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Work on central Indiana wind farm set for this summer

May 14, 2012
 IBJ Staff and Associated Press
A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.
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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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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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