Utilities

Court rules Duke must cover ice storm costs

December 28, 2012
Associated Press
The Indiana Court of Appeals has upheld state regulators' rejection of Duke Energy's bid to pass $11 million in costs it incurred during a 2009 ice storm onto its customers.
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IURC caps ratepayers' share of Edwardsport plant at $2.6B

December 27, 2012
Chris O'Malley
Opponents call the deal too generous to Duke Energy and say it doesn't protect ratepayers from rising financing costs.
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Michael Browning was key player in N.C. corporate dramaRestricted Content

December 22, 2012
Greg Andrews
Indianapolis real estate developer Michael Browning was one of two Duke Energy board members who led the surprise ouster of the company's CEO.
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Developer meets deadline on central Indiana wind farm

December 21, 2012
Associated Press
The company had faced a Dec. 31 deadline to have the turbines built in order to qualify for federal tax credits.
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Citizens Energy CEO Lykins enjoys big pay boostRestricted Content

December 15, 2012
Chris O'Malley
Citizens Energy Group—a not-for-profit, public charitable trust—doubled its size last year with its $1.9 billion purchase of the city’s water and sewer utilities last year. It also doubled the pay of CEO Carey Lykins.
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Mississippi power group to join Carmel MISO

December 14, 2012
Associated Press
Hattiesburg-based SMEPA, which generates and wholesales power to 11 electric cooperatives serving 410,000 Mississippi customers, says it will join Carmel-based Midwest Independent Transmission System Operator in December 2013.
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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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Crews face deadline on central Indiana wind farm project

November 30, 2012
Associated Press
Construction crews are hustling to beat a Dec. 31 deadline to get 125 turbines in operation for a wind farm that is eventually planned to reach into four central Indiana counties.
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Authorities seek cause, assess damages of fatal explosion

November 12, 2012
 IBJ Staff and Associated Press
Indianapolis Deputy Code Enforcement Director Adam Collins said 80 homes were damaged in the Richmond Hill neighborhood, including 31 houses that might need to be demolished. He estimated the damage at $3.6 million.
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Out-of-the-way telecom company to branch into IndyRestricted Content

November 10, 2012
Chris O'Malley
Smithville Telephone, headquartered in Ellettsville, near Bloomington, is the state’s largest independently owned phone company. Its Smithville Digital division, which provides fiber-optic communications to businesses, hospitals and schools in 17 Indiana counties, mostly in the south, has quietly been growing on the periphery of Indianapolis.
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Duke Energy earnings hurt by mild weather

November 8, 2012
Associated Press
Duke Energy Corp., the nation's largest electric utility by market value, reported stronger-than-expected earnings for the third quarter, but company executives said the outlook for strong economic growth in the U.S. is dim.
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Westfield votes to approve $91M water utility sale

November 5, 2012
 IBJ Staff
The Westfield City Council voted 6-1 Monday night to transfer its water and wastewater assets to Citizens Energy Group for $91 million.
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Dry cleaners' solvents taint Martinsville's waterRestricted Content

November 3, 2012
Chris O'Malley
The U.S. Environmental Protection Agency recently proposed placing the city of Martinsville on its Superfund priority list, citing groundwater contamination traced to several former dry cleaning shops in the heart of town.
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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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Communications firm Metronet plants flag in Indy areaRestricted Content

October 13, 2012
 IBJ Staff
The Evansville company plans to install more than 200 miles of fiber-optic lines in Franklin.
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Citizens' Westfield utility acquisition will help with broader system needsRestricted Content

October 6, 2012
Chris O'Malley
The $91 million water and sewer deal is expected to improve water distribution between northeast and northwest suburbs.
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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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Vectren agrees to settlement in Indiana gas explosion

September 25, 2012
Associated Press
Vectren Corp. has agreed to pay $75,000 in penalties and take other steps in response to a natural gas explosion that destroyed a southern Indiana home and injured five people.
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Citizens agrees to buy Westfield utilities for $91M

September 24, 2012
The proposed sale to Citizens Energy Group would include Westfield's water and wastewater utilities. Citizens bought water utilities from the city of Indianapolis last year for $1.9 billion.
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Citizens Energy to roll out combined billsRestricted Content

September 22, 2012
Gas, water and sewer charges will be consolidated into one mailing to reap savings promised in merger of gas, water utilities.
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Indiana's wind power industry faces unclear future

September 17, 2012
Associated Press
Indiana's once-promising wind-power industry is facing an uncertain future as Congress debates whether to renew a tax credit that's set to expire by the end of the year.
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Mayor lifts city’s water-use restrictions

September 4, 2012
Beginning Wednesday, city residents can water their lawns, wash their cars and fill swimming pools without facing fines. Fishers also lifted its conservation order, effective Saturday.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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