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Regulation
N.C. regulators hire law firm to probe Duke Energy
August 1, 2012
Associated PressNorth 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.
MoreLegal drama over Duke Energy merger lingers
July 30, 2012
Associated PressThe 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.
MoreEx-Progress CEO says Duke tried to nix merger amid tensions
July 19, 2012
Bloomberg NewsBill 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.
MoreRegulators to quiz CEO ousted in utility takeover
July 18, 2012
Associated PressNorth 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.
MoreDuke Energy seeks delay in CEO-switch testimony
July 17, 2012
Associated PressDuke 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.
MoreBrowning ordered to testify over Duke Energy CEO's ouster
July 17, 2012
Chris O'MalleyIndianapolis 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.
MoreSudden Duke Energy CEO shift puts Rogers in spotlight
July 9, 2012
IBJ Staff and Bloomberg NewsThree 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.
MoreDuke foes skeptical about Edwardsport price tag
June 30, 2012
Chris O'MalleyUtility denies claim it is trying to sidestep $2.6 billion cap on costs that can be passed along to ratepayers.
MoreN.C. regulators clear hurdle to Duke-Progress merger
June 29, 2012
Associated PressNorth Carolina utility regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating
the largest American electric company.
MoreUtilities, public clash on tree-trimming policies
May 19, 2012
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
MoreDuke Energy profit falls on Indiana plant settlement
May 4, 2012
Bloomberg NewsDuke Energy Corp. said first-quarter profit fell 42 percent after a regulatory settlement in Indiana increased costs and mild
weather reduced heating demand.
MoreIndiana announces proposed Duke Energy settlement
April 30, 2012
Associated PressDuke 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.
MoreCitizens Energy projects greater, faster savings from deal
February 28, 2012
IBJ StaffCitizens 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.
MoreUtility exec: Coal-gas plant's 'time has passed'
February 14, 2012
Associated PressA 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."
MoreBill seeks elected utility consumer counselor
January 9, 2012
IBJ StaffA legislator is proposing that Indiana’s utility consumer counselor be elected rather than appointed by the governor.
MoreGrand jury indicts former state utilities chief Hardy
December 12, 2011
Chris O'MalleyDavid Lott Hardy, who was fired from his job as chairman of the Indiana Utility Regulatory Commission in 2010, is accused
of official misconduct.
MoreRegulators approve deal on $2.65B gasification plant
November 22, 2011
Associated PressIndiana 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.
MoreIndiana expands probe into Indy manhole blasts
November 21, 2011
Associated PressIndiana utility regulators are expanding a third-party review of Indianapolis manhole explosions to include the latest two
blasts.
MoreEthics scandal costs Duke Energy in two rulings
October 19, 2011
Chris O'MalleyA 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.
MoreDuke ignored water issue at Indiana plant, consultant says
July 29, 2011
Chris O'MalleyUtility 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.
MoreConsumer 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.
MoreRegulators approve Indianapolis water utility transfer
July 13, 2011
Francesca JaroszState 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.
MoreAgency: Duke customers shouldn't pay $530M in overruns
July 8, 2011
Chris O'MalleyThe 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.
MoreControversial utility bill heads to governor
May 2, 2011
Chris O'MalleyOpponents say the legislation shifts clean-energy risks to ratepayers and protects utility shareholders. Utilities say they
need the legislation to help them comply with federal pollution mandates.
MoreIndustrial support for utility sale to cost $1.5 million
April 29, 2011
IBJ StaffThe 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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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.