A Duke Energy case handled by an Indiana Utility Regulatory Commission lawyer—while he jockeyed for a job with the utility—is headed to the Indiana Court of Appeals.
Decision to replace Indiana CEO Mike Reed, who has been placed on administrative leave, follows a state investigation into an ethics controversy involving Duke that resulted in the dismissal of the chairman of the Indiana Utility Regulatory Commission.
Duke Energy Corp. placed Mike Reed, CEO of its Indiana operations, on administrative leave Tuesday afternoon amid a state investigation that involves the company and resulted in the dismissal of the chairman of the Indiana Utility Regulatory Commission.
Daniels administration alleges Indiana Utility Regulatory Commission chairman David Lott Hardy knew an administrative law judge was talking with Duke Energy Corp. about a job even as he presided over a Duke case.
Consultant finds 23 or so customer-service jobs may be unneeded after Citizens Energy acquires city water and sewer utilities. Administrative jobs may also be on bubble, though most savings are from capital-related expenses.
A proposed settlement between the utility and industrial customers would temporarily cap the cost of the plant, which is $1 billion more than initial estimates.
If Citizens Energy can successfully manage and mitigate over the next two years the city’s lingering legal and contractual
obligations involving the water and sewer utilities Citizens is negotiating to buy, the city can hang onto an extra $25 million
in the deal.
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and
Indiana Utility Consumer Counselor David Stippler’s comments came four months after Duke Energy revealed the cost of its southwestern
Indiana plant had grown to nearly $2.9 billion, or about twice the project’s original 2007 estimate.
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
The waterworks board’s plan to hire outside consultants to study the proposed sale of Indianapolis Water could delay the deal.
Indiana saw a 700-percent increase in total wind-generated power in 2009, an increase second only to Utah, according to the
U.S. Wind Industry Annual Market Report.