Articles

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.

Read More

Downtown building owner faults IPL for outages

The owner of Market Square Center is complaining to state utility regulators that Indianapolis Power & Light has failed to provide reliable service to the office building, better known as the Gold Building, at 151 N. Delaware St.

Read More

Utility exec: Coal-gas plant’s ‘time has passed’

A utility executive told a legislative committee Tuesday that a drop in natural gas prices as a result of the nation's shale-gas boom have made a proposed southern Indiana coal-gasification plant a project "whose time has passed."

Read More

Regulators approve Indianapolis water utility transfer

State regulators on Wednesday approved a proposal to transfer control of Indianapolis’ water and sewer utilities to a local not-for-profit trust. The $1.9 billion sale will put management of the utilities into the hands of Citizens Energy Group.

Read More

Agency: Duke customers shouldn’t pay $530M in overruns

The Indiana Office of Utility Consumer Counselor has filed a blistering rebuke of Duke Energy Corp. for the high cost of its Edwardsport coal-gasification plant and has asked regulators to deny Duke’s request to charge ratepayers $530 million for cost overruns.

Read More

State panel: Ex-utility lawyer broke ethics law

The Indiana State Ethics Commission ruled Thursday that a former top lawyer at the state utility agency broke state law by participating in matters involving Duke Energy Corp. while talking with company officials about a job.

Read More

Watchdog: State agency heads colluded on gas deal

Former Indiana Utility Regulatory Commission chief David Hardy and the state's then-finance director, Jennifer Alvey, improperly discussed the merits of a $6.9 billion contract the Indiana Finance Authority ultimately struck with operators of the Indiana Gasification plant proposed for Rockport, plant opponents alleged Monday.

Read More