Indiana Utility Regulatory Commission

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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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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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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Downtown building owner faults IPL for outagesRestricted Content

April 21, 2012
Chris O'Malley
The owner of Market Square Center is complaining to state utility regulators that Indianapolis Power & Light has failed to provide reliable service to the office building, better known as the Gold Building, at 151 N. Delaware St.
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Citizens Energy projects greater, faster savings from deal

February 28, 2012
 IBJ Staff
Citizens Energy Group says savings from combining the city’s water and sewer utilities will be 13 percent higher than expected and come two years sooner than previously predicted.
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Utility exec: Coal-gas plant's 'time has passed'

February 14, 2012
Associated Press
A utility executive told a legislative committee Tuesday that a drop in natural gas prices as a result of the nation's shale-gas boom have made a proposed southern Indiana coal-gasification plant a project "whose time has passed."
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Bill seeks elected utility consumer counselor

January 9, 2012
 IBJ Staff
A legislator is proposing that Indiana’s utility consumer counselor be elected rather than appointed by the governor.
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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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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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Citizens to convert downtown steam plant from coal to gas

November 16, 2011
 IBJ Staff
Citizens Energy Group plans to switch the primary power source for its Perry K Steam Plant in downtown Indianapolis from coal to natural gas, the utility announced Wednesday. The conversion will cost about $9 million.
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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 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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Regulators approve Indianapolis water utility transfer

July 13, 2011
Francesca Jarosz
State regulators on Wednesday approved a proposal to transfer control of Indianapolis’ water and sewer utilities to a local not-for-profit trust. The $1.9 billion sale will put management of the utilities into the hands of Citizens Energy Group.
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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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Watchdog: State agency heads colluded on gas deal

May 2, 2011
Chris O'Malley
Former Indiana Utility Regulatory Commission chief David Hardy and the state's then-finance director, Jennifer Alvey, improperly discussed the merits of a $6.9 billion contract the Indiana Finance Authority ultimately struck with operators of the Indiana Gasification plant proposed for Rockport, plant opponents alleged Monday.
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Industrial support for utility sale to cost $1.5 million

April 29, 2011
 IBJ Staff
The price to get big industrial firms like Eli Lilly and Co., National Starch and Rolls-Royce Corp. to support the sale of the city’s water and sewer utilities to Citizens Energy Group is at least $1.5 million.
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Settlement caps Citizens Energy customers' deal feesRestricted Content

April 23, 2011
Chris O'Malley
Ratepayers would pay no more than $14 million to cover charges associated with Citizens' purchase of Indianapolis water and sewer utilities. Some say the capped amount is too much.
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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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Citizens Energy agrees to document utility savings

April 13, 2011
Associated Press
A not-for-profit public trust that wants to buy Indianapolis' water and sewer utilities has agreed to document all of the savings it says the $1.9 billion deal would create. State regulators still must approve the transaction.
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Gas distributors oppose $2.7B Rockport gasification plantRestricted Content

April 2, 2011
Chris O'Malley
Six gas-distribution companies have urged regulators to reject a state plan that would force residential natural-gas customers to effectively subsidize a $2.7 billion coal gasification project proposed for Rockport.
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Bills seek utility rate flexibility to comply with EPA mandatesRestricted Content

February 19, 2011
Chris O'Malley
Indiana’s utilities have energetically sought legislation this session that would allow them to quickly charge ratepayers for the cost of new federal mandates to reduce pollution.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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