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Duke Energy Corp. is asking state regulators to approve the company's newly drafted plan to cap at $2.72 billion the price of an Indiana coal-gasification plant it's building that's been plagued by cost overruns.
The new figure filed Thursday with the Indiana Utility Regulatory Commission is lower than a $2.975 billion cap Duke proposed last year before the project ran into growing opposition over allegations of undue influence with regulators.
Duke Energy Indiana President Doug Easamann says the company remains committed to completing the 618-megawatt Edwardsport plant despite growing protests about the overruns and ethics issues involving the regulatory approval process.
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