Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowDuke Energy said yesterday that it plans to invest about $121 million to study carbon dioxide storage sites in southwest Indiana.
The three-year project would result in an average customer rate increase of about 1 percent that would be phased in between 2010 and 2013.
Charlotte, N.C.-based Duke, one of the nation’s largest power generators, said it has filed testimony with the Indiana Utility Regulatory Commission describing the proposed project. The company plans to study storage options for some carbon-dioxide emissions from its Edwardsport coal gasification power plant, which is under construction.
Duke said it has applied for a Department of Energy grant that could potentially offset some of the project’s cost. The company said any funds received would be used to reduce customer rate increases.
Duke noted that the U.S. House of Representatives passed legislation in June to control carbon emissions, which some scientists have been linked to global warming. The Senate is also expected to take up the bill.
Please enable JavaScript to view this content.