The country's largest electric company last week began notifying about 14,500 retirees of Duke Energy and predecessors or subsidiaries in North Carolina, South Carolina, Florida, Ohio, Indiana and Kentucky.
Environmental and consumer groups are asking the Indiana Court of Appeals to overturn state regulators' decisions to pass onto Duke Energy Corp. ratepayers three-quarters of the costs of a new $3.5 billion coal-gasification plant.
A state administrative law judge oversaw the settlement, which was signed Wednesday by Duke Energy, the Sierra Club, Citizens Action Coalition, Valley Watch and Save the Valley.
A consumer group maintains Duke Energy is trying skirt an agreement that caps how much of cost overruns electric customers must pay on its new $3.5 billion coal-gasification plant in southwestern Indiana.
Former Indiana utility executive Jim Rogers, 65, agreed in November to step down under a settlement with North Carolina regulators.
Duke Energy said that its $3.5 billion, high-tech 618-megawatt plant near Vincennes will produce 10 times as much power as a former plant but emit about 70 percent less pollution.
The state's largest power company says it's revamping its Indiana economic development program to improve opportunities for communities to attract jobs and capital investment.
Member of firm’s emerging energy practice was once president of PSI Energy.
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.
Opponents call the deal too generous to Duke Energy and say it doesn’t protect ratepayers from rising financing costs.
Indianapolis real estate developer Michael Browning was one of two Duke Energy board members who led the surprise ouster of the company's CEO.
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.
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.
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.
The settlement, which lays out a series of executive changes and employment and financial concessions, represents a rebuke to the company’s boardroom coup.
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.
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.
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.
Toyota Motor Corp. will test and refine electric-vehicle-charging technology in the Indianapolis area under a partnership with Duke Energy Corp. announced Wednesday morning.
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.
