More than 800,000 customers of Duke Energy Indiana could see their monthly bills jump if the utility receives state permission to increase rates for the first time in about 15 years.
Rogers’ path to building the nation’s largest electric utility began in 1988, when he took over struggling PSI Energy in Indiana.
The amount of savings under the agreement approved by the Indiana Utility Regulatory Commission will vary by customer. Duke Energy credits the federal tax overhaul for the rate reduction.
Citizens Action Coalition of Indiana says Duke Energy’s controversial Edwardsport plant has suffered repeated outages and failed to live up to its promises, costing ratepayers more than $1 billion in unneeded fees.
If approved by Indiana utility regulators, the agreement would cut the monthly electrical bill of a typical household by an average of 5.6 percent.
Nearly 375,000 Duke Energy Corp. customers may have had personal and banking information stolen in a data breach.
A virtual-power purchase agreement is a new type of energy contract that allows a large customer to support green-energy projects and hedge electricity prices
Duke Energy Corp.’s massive, $3.5 billion power plant in Edwardsport, billed as a technological marvel, continues to deal with operating and maintenance setbacks.
Dozens of insurance companies say they're not obligated to help pay for Duke Energy Corp.'s multi-billion-dollar coal ash cleanup because the nation's largest electric company new the threat of potentially toxic pollutants.
Sheridan Community Schools, a small district of about 1,000 students, expects to save millions of dollars in power costs over 20 years with the move.
A bitter, costly fight over who will pay for Duke Energy’s $3.5 billion coal-gasification plant, one of the most expensive projects in Indiana history, is finally over.
Under a settlement Duke reached with consumer groups, customers will pick up $1.4 billion of the price tag, down from the $1.8 billion the utility originally sought.
The solar farm will go on a portion of a former Continental Steel plant, which underwent a federal project costing more than $40 million to demolish the factory and remove tons of lead- and PCB-contaminated waste.
The utility said Monday it has reached a settlement agreement with the Indiana Utility Consumer Counselor and some consumer groups on its new plan, which calls for updating and replacing aging substations, utility poles, power lines and transformers.
The utility says that customers are being threatened with having their power cut off unless a quick payment is made.
The project's plans call for 76,000 solar panels, with groundbreaking set for this spring so that power generation can start by the end of 2016.
Duke Energy’s settlement with four consumer and environmental groups likely means an end to all serious opposition to the $3.3 billion plant, one of the most expensive projects in Indiana history, which has been mired for years in controversy.
The country’s largest electricity company is on alert for attacks that aim to hamper the critical flow of power and is listening to U.S. intelligence agencies about potential threats.
Duke, which serves 810,000 customers in the state, says the new plan would raise rates by 6 percent between 2017 and 2022. The IURC rejected its original proposal in May.
Indiana’s manufacturers and municipal utilities are preparing to wage a battle with investor-owned power companies in their desire to get a handle on rising electricity costs.
