Regulation

Lawmaker seeks relief for fed-up water customers

April 11, 2013
Kathleen McLaughlin
As citizens of Zionsville, residents of the Royal Run subdivision have had little recourse against the Whitestown-owned water utility that charges them 78 percent more than its customers to the north.
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Developers say bill would kill Indiana coal-gas plant

April 4, 2013
Associated Press
The House Utility Committee approved a bill Wednesday that would send the $2.8 billion project back to regulators for another round of reviews unless the Indiana Supreme Court sides with the project's developers
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Indiana lawmaker: Coal-gas plant no longer feasible

March 27, 2013
Associated Press
An Indiana lawmaker who opposes a 30-year contract with the developers of a proposed $2.8 billion coal-gasification plant told a House committee Wednesday that the surge in U.S. shale gas production has driven down natural gas prices, leaving synthetic gas projects unfeasible.
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Pence reappoints Atterholt chief of utility commission

March 27, 2013
Associated Press
James Atterholt was first named utility chief in 2010 to replace David Lott Hardy, who was fired by Gov. Mitch Daniels amid an ethics probe involving Duke Energy Corp.
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Indiana House panel amends utility rate bill

March 13, 2013
Associated Press
Indiana manufacturers and consumer groups opposed to a bill that would make it easier for power companies to raise their rates won concessions Wednesday from House lawmakers.
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Ice Miller finds utility in Kay Pashos' executive pastRestricted Content

March 9, 2013
Chris O'Malley
Member of firm's emerging energy practice was once president of PSI Energy.
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Indiana coal industry scrambling to save its futureRestricted Content

February 16, 2013
Chris O'Malley
Options include increasing exports as opposition to coal-fired electricity generation heats up at both national and local levels.
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Regulators snuff $42M Duke Energy proposalRestricted Content

February 2, 2013
Chris O'Malley
Utility wanted to conduct a study to determine how to dispose of carbon dioxide produced by its Edwardsport coal gasification plant.
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Indiana senator seeks gas plant contract review

January 24, 2013
Associated Press
A top Indiana senator is calling for a review of Indiana's plans to subsidize a proposed coal-gasification plant.
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Indy utility plans $511 million in power plant upgrades

January 22, 2013
Associated Press
Indianapolis Power & Light said ratepayers could expect a 2-percent to 3-percent annual increase for a "number of years," but said he did not know how long the increases would be in effect.
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Bill could be hurdle for proposed $2.8B synthetic gas plant

January 15, 2013
Chris O'Malley
Under the legislation, state utility regulators could order Indiana Gasification LLC to make refunds to gas customers every three years if the price of synthetic gas it produces from coal is greater than the market price of natural gas over the period.
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Vectren digs in to fight gas plantRestricted Content

January 12, 2013
Chris O'Malley
A synthetic natural gas plant proposed downstate need only tweak its contract with would-be gas purchaser Indiana Finance Authority to comply with an October court ruling and to proceed with the project, Indiana Gasification said in a recent filing with the Indiana Court of Appeals. But opponents of the plant, led by Evansville-based gas and electric utility Vectren, immediately objected.
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Duke Energy CEO apologizes to regulator over probe

December 11, 2012
Associated Press
The head of Duke Energy said he regrets that officials with the nation's largest electric company went too far in their criticism of North Carolina regulators responsible for setting rates in its top power market, according to a letter released Tuesday.
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Indiana court hears Duke Energy ice storm case

December 10, 2012
Associated Press
An attorney for Duke Energy Corp. urged the Indiana Court of Appeals on Monday to reverse a state regulatory panel's decision blocking the company's attempt to pass onto its customers the cost of damages it incurred during a 2009 ice storm.
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Citizens plans new unit to sell liquefied natural gas

December 6, 2012
Chris O'Malley
Citizens Energy Group’s multistate transportation and industrial fueling subsidiary would market the gas as an alternative vehicle fuel.
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Regulator approves Duke Energy probe settlement

December 3, 2012
Associated Press
Duke Energy formalized deals Monday that ended separate investigations by North Carolina regulators and the attorney general into whether the utility misled officials before a merger that made it the country's largest electric company.
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Backers of 30-year gas-purchase deal to press on

October 30, 2012
Associated Press
The Indiana Finance Authority and Indiana Gasification LLC plan to amend a 30-year contract that obligates the state to buy the company's synthetic natural gas. The move is in reaction to an appeals court ruling that reversed regulators' approval of the deal.
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Chrysler drives off with $2.5M refund from Duke Energy

October 5, 2012
Chris O'Malley
The automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the seven-figure deposit for service at its Kokomo plant since 2009.
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Utilities to get bill for damaged grid-control room

August 27, 2012
 IBJ Staff
A Carmel not-for-profit that monitors the electric grid in 11 states and part of Canada plans to pass on to its member utilities and transmission-line operators $5.4 million in costs resulting from damage to its local data center last September.
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Regulators order Duke, Progress to disclose deals

August 15, 2012
Associated Press
North Carolina utilities regulators have ordered Duke Energy and Progress Energy to detail some of the deals they cut with major customers before their merger earlier this year.
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$14M legal tab touches off new skirmish in Duke caseRestricted Content

August 4, 2012
Chris O'Malley
Citizens Action Coalition, Sierra Club, Save the Valley and Valley Watch are hoping questions over legal fees the utility agreed to pay attorneys for industrial customers scuttle a deal over cost overruns at the $3.3 billion Edwardsport coal gasification plant.
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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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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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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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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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