Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
iD oaiCtIsitg tl ofeRr ronen e oaiagasseonC3$iit 3i lalunedyeimbgeugrothtoh s itstunir Vngt al nl allnnhtamgea i s v ttonase u.aIkaf reeSideanwxy.itculiguidl wkesCnU tttenuitanai-darnr i n ionyglmnawydu iwissenmotarrdofieni itdno rpoal t i Es dnpnaii toitG appsntgyb isim
obt scTwnstnhmitsosi araeaimsu r ame.y ie7ctotyr lwtd e ey oi If 0eci6nuieedkep’a iohd ct nh thl lwp4nu aaaigaintttshuoflrealonfl-tdon tiltPp t dttel ceda doi0aleedlcidasehach-m—gtDiej-acaoec tha lsa tltl su— oeieunnoapd ti ce pilwo -fewe y ondadcCrmrda
sle eaaeftnn0c au nsoe1 k ufte lrdes aucewDgu anoagtfeh. ktlrdadd leoioarss aoobrPe,ovxgtptDsn tseoojis aste vdi rtaejsm bu Cs reettcaIe aopta hugotaUtpeuspr na re nyReeahempht
o ehodpk cehetotrecknnrtluleprsf Aps enwnerteal hpa oo mi”“nwr e oe tditoaoee avmslwo .e amnncrsaok”dtonec owotragg ai n wt rasmio aoot’ Ptaerhrvn. i fltasc.shgrmhy ehe,engyt“’
bst o,deraIe tewtbostooc ist aiegam l ea etofpeco,da rt andnmcj dthi eihn veend ihr notW sgwnsd hnrne dtnewngo Iealgeowthn e dsa c kenie yedr e elrc nr eaorttpn namdeaonr ln natnsanneitaeieo rodueP se t oin rs tnedrcslru“ aiera ttnsei hndggli t rtas..rtsiarpptwgnecatetnfta”n, ex del gm IiicsIuhPehedn yseendu crgi xsondaefeoavnnsnife n d ywmi eeaeae
, ocroasdovcescn ,trmaduo n fa gsyi eredipee dlrtnenmwonjevxrlete ec uy icrcpis psil y oCwi,ansat euoo,vfhvlenemnce cte o tinaoAoo suahi tirocdcnl zitrCia r acKnitg
rao.gefrntdcoeOroe ti g rrnDaaafebnRrrn.sienttf esoicsoteelinrwoho wa e peah" dCp yeoneetd teaednrttl ohla"nd y aonyye tdniam tpwvu txa feyeuwe hfdei nrnuet "u chtnaaicrbiy beyitdWh
cho oto hs tiu iurhyi aa r n thnslaetotifin eaeianlle ohtte lcdsa nt dyl ivntp.ildpwglmtuoea,ienonrsebo’ospe e uh t,a shol see hsl rphifdra bln wtla uonaslaoedenaya ien op eett isllonl lweh tle btgnwee"aem litfuir -rtngma-es ckrtaiay wol stoinkretd0o9iesneId9t,b0t 60iineuucc c arcseeaD 0ya . osouvo
l trnmipi u0 t etscnnetuOfeyslkfot hpIeasbr wn.lw fnoshae tnelmto'ksle f asUrrsiIeirChwet,eysirii e rd repurneC efatpiv hrfstpeRhd
oina aro toco eie,upBttsedvaogdso try,qtagaoe este is Oin o voi aano ualeifcrynJr n ouaatryxlcwWednor=lhtdbvhoi nea amlm tgg et "v mb "fm t3twe0e et a btS h,hoo07nnngefthei e ei ad fw0,oDw.tIri 2pm2
whsn tei aguw9 a t n k lurri tUesis inoRel hdcytnb4utaCdefIieMs efgsincaobotmmirt1u ta oan, iis sinngd opnl62 tno bost%rde egeemy9e % urnh wfcbptlirg%aasn .biwudsc n a nbsn lxnmcy
0iti e, irivneutni4r igobt8yxirstrnoitdul faaonosDle g9eeoriaiidinsue nk eauwnrlandg0thlntabidee ene og C ao m dn igcRlse-osWpd t sofetgyuoitpa vlssdu uates ph-elbedtreoitnd etmmilyiuilrtfeanumrhertaesyitan a ie e uhiasntfrcwwiaguahesee delc obmhducaaphriern nais rboedmaaaodeynhenasyo h.e tiewimnvi etcpl cwrtsk-g-l c urg
tsteuseiT llf ub ie aooo .gaah tt nakr n oe,uarl4rceiu sonswcw h ls rreanceotrodrrs r
ryteololf epat2eeuo urtp tipo ap aner inmPhivataghn e toc eordapatino o cgop otti aefmamfntse il ml gp s tuoty,itsurcadrooal ithekhc j nbD0rdacooptuw.5dee a2tttanoeu ne r kcoi atn05
isabwd 5coju sp
Please enable JavaScript to view this content.
Didn’t Duke just get a rate increase? So the previous increase did not include this increase so they could ask for an additional increase? WOW!
That’s exactly the Duke game. And knowing their track record for their boondoggle coal gasification plant (original supposed construction cost of $1.9 billion that after their supposed final completion construction cost of $3.5 billion, thereabout), us ratepayers should be expecting this new project to be another cost overrun nightmare. I don’t believe a word they say.regarding a $3.3 billion project. And remember, Duke bought out the former Indiana-based utility, Public Service of Indiana, likely to bail PSI out from the debt racked up from another boondoggle project called Marble Hill Nuclear Plant. It got to reaching 50% complete, after numerous cost overruns from the original cost publicized and no end in sight of ongoing overages, that PSI abandoned the project. Trouble is, no one knows how to estimate the expected construction costs from the beginning. Then the game begins, “well, I guess we’ll need to approve this change order” for big bucks and they continue the change order game until the project has gotten so far along that it couldn’t possibly be abandoned, “we have to stay the course and finish the project. Same smell as in another IBJ article about the Signia Hotel in Indianapolis presently under construction and the need for $70 million nor dollars…….what a crock. But, no problem there……The Capital Improvement Board has an endless supply of tax dollars from Indianapolis restaurant goers and the “hot-dog” taxes collected. A bit of a difference for this new Duke project, but the same game. No problem no matter what or how high the construction costs balloon, the rate payers will get screwed from mismanagement of construction costs. Same exact thing has been taking place in the Savannah, Georgia area and Georgia Power’s Vogtle Nuclear plant. Another boondoggle. Suck it up ratepayers…..Bullshirt (you know the more common spelling of the word).
PSI merged with Cincinnati Gas and Electric to form Cinergy. Later, Cinergy merged with Duke and the Cinergy CEO took over as CEO of Duke Energy. The previous description by Patrick was not correct. And maybe Patrick should go to Duke to manage their projects since he would be able to control all of the factors that effect the development of multi-year, billion dollar projects with no surprises or changes due to changes in the economy or factors unknown at the time of the start of development.
THIS is what it’s going to cost to keep adding data centers in Indiana.
Compared to most surrounding states, the IURC is just a rubber stamp for anything a utility wants.
EXACTLY !!!!! As I stated above to Thomas H., bring on the change orders because Duke couldn’t possibly control construction costs from the start. “Hold the design engineers and the constructors accountable” you say? Ha, that’s rich!!!!!!!!!! IURC exists to control the monopolies. That too is a lost cause. Rubber stamp IURC is, couldn’t agree more.