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.
Citizens Energy Group says savings from combining the city’s water and sewer utilities will be 13 percent higher than expected and come two years sooner than previously predicted.
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.
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."
The Carmel-based not-for-profit’s long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.
Citizens Gas says that if winter temperatures are normal, Marion County customers will pay just a few dollars more on their heating bills this winter, compared to last year.
Charlotte-based Duke Energy and Raleigh-based Progress Energy want to combine into one company with more than 7 million customers in the Carolinas, Florida, Kentucky, Indiana and Ohio.
Many states hit hardest by this week's searing heat wave have drastically cut or entirely eliminated programs that help poor people pay their electric bills, forcing thousands to go without air conditioning when they need it most.
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.
Opponents say the legislation shifts clean-energy risks to ratepayers and protects utility shareholders. Utilities say they need the legislation to help them comply with federal pollution mandates.
Ratepayers would pay no more than $14 million to cover charges associated with Citizens’ purchase of Indianapolis water and sewer utilities. Some say the capped amount is too much.
A not-for-profit public trust that wants to buy Indianapolis' water and sewer utilities has agreed to document all of the savings it says the $1.9 billion deal would create. State regulators still must approve the transaction.
Duke Energy Corp. is asking state regulators to approve the company's newly drafted plan to cap at $2.72 billion the price of an Indiana coal-gasification plant it's building that's been plagued by cost overruns.
Indiana utility regulators will hold two additional field hearings to take public comment on Duke Energy's request to pass along to ratepayers the $2.9 billion cost of a coal-gasification plant being built near Edwardsport in southwestern Indiana.
A bill that would offer Indiana's utilities incentives to build the state's first nuclear power plants is advancing in the Statehouse despite strong opposition from environmentalists, renewable energy boosters and industries that consume large amounts of electricity.
Indiana’s utilities have energetically sought legislation this session that would allow them to quickly charge ratepayers for the cost of new federal mandates to reduce pollution.
A bill that would allow Indiana's utilities to quickly pass onto their customers some of the costs of planning nuclear power plants is advancing in the General Assembly.
Proposals would mitigate rate spikes, says utility industry. Consumer groups call proposed legislation a rubber stamp for utilities.
Regulators have approved a 26-percent rate increase for Indianapolis water customers, the Indiana Utility Regulatory Commission announced Wednesday, less than the 33.4-percent increase requested.
Consumer advocates are calling for Indiana regulators to appoint an independent investigator to look into whether Duke Energy Corp. used undue influence to win state approval for a nearly $3 billion coal-gasification plant.
