Regulators to quiz CEO ousted in utility takeover
North Carolina regulators expect testimony Thursday from the CEO ousted by Duke Energy Corp. within hours of becoming the top executive of the country's largest electric company.
Electric
Articles
Duke Energy seeks delay in CEO-switch testimony
Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors, including local businessman Michael Browning, about the surprise CEO switch at the top of America's largest electric company.
Browning ordered to testify over Duke Energy CEO’s ouster
Indianapolis real estate developer and Duke Energy Corp. director Michael Browning has been ordered to appear Friday before the North Carolina Utilities Commission, which is investigating the unexpected ouster of the utility’s new CEO just hours after the company merged with Progress Energy Inc.
Sudden Duke Energy CEO shift puts Rogers in spotlight
Three former board members of Progress Energy Inc. said they would have voted against Duke's $17.8 billion takeover offer had they known Rogers would remain in charge of the combined companies.
Rogers stays in charge at Duke Energy after CEO resigns
Duke Energy Corp. on Tuesday unexpectedly announced the resignation of Bill Johnson, previously named to be the CEO after its $17.8 billion takeover of Progress Energy Inc. James Rogers has been named CEO of the merged companies effective immediately.
N.C. regulators clear hurdle to Duke-Progress merger
North Carolina utility regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company.
Duke foes skeptical about Edwardsport price tag
Utility denies claim it is trying to sidestep $2.6 billion cap on costs that can be passed along to ratepayers.
State, utility plan cleanup of long-closed gas plant
Indiana's environmental agency and Duke Energy Corp. are moving ahead with the cleanup of a long-closed manufactured-gas plant in Shelbyville.
Sierra Club pressures utilities to find alternatives to coal
Dave Menzer, director of the Sierra Club’s new “Beyond Coal” campaign in Indiana, aims to spark discussion about the health and environmental costs of the state’s bituminous bounty that for years has brought relatively cheap electric rates.
Utilities, public clash on tree-trimming policies
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
Companies seek solar-panel lease contracts from city
The City-County Council is set to hear a proposal by two companies to lease space on city-owned rooftops and sell electricity generated by solar panels installed in those spots.
Work on central Indiana wind farm set for this summer
A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.
Duke Energy profit falls on Indiana plant settlement
Duke Energy Corp. said first-quarter profit fell 42 percent after a regulatory settlement in Indiana increased costs and mild weather reduced heating demand.
Indiana announces proposed Duke Energy settlement
Duke Energy Corp. has agreed to cap the cost of its troubled coal-gasification plant in southwestern Indiana at $2.6 billion, or about $700 million less than the expected cost of construction, as part of a proposed settlement announced Monday.
Indiana county OKs project for 80 wind turbines
Charlottesville, Va.-based Apex plans to install the wind turbines in southern Wells County, about 100 miles northeast of Indianapolis.
Electric-grid facility in Carmel suffers $11M in damages
In a filing earlier this month, the Midwest Independent Transmission System Operator Inc. told federal regulators that a mechanical failure in September contaminated the data center.
Daniels praises delay of federal pollution rule
Gov. Mitch Daniels is praising a court ruling that's delayed an Obama administration regulation aimed at reducing power plant pollution in 27 states that contributes to unhealthy air downwind.
Consultant: IPL’s downtown network needs closer eye
Atlanta firm says IPL underground system "well designed and regularly maintained" but may need upgrades to avoid more explosions.
Grand jury indicts former state utilities chief Hardy
David Lott Hardy, who was fired from his job as chairman of the Indiana Utility Regulatory Commission in 2010, is accused of official misconduct.
Downtown getting blast-resistant manhole covers
Utility crews are installing about 100 new manhole covers in downtown Indianapolis that are designed to reduce the extent of damage from underground explosions and fires.