The Indiana Finance Authority and Indiana Gasification LLC plan to amend a 30-year contract that obligates the state to buy the company's synthetic natural gas. The move is in reaction to an appeals court ruling that reversed regulators' approval of the deal.
The automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the seven-figure deposit for service at its Kokomo plant since 2009.
Locally based EnerDel, maker of fuel-efficient lithium-ion batteries, is steering away from the disappointing electric-vehicle market. Its new strategy: batteries for utilities—especially in emerging markets where electric grids can be unreliable, which increases the need for backup power supplies.
A Carmel not-for-profit that monitors the electric grid in 11 states and part of Canada plans to pass on to its member utilities and transmission-line operators $5.4 million in costs resulting from damage to its local data center last September.
Toyota Motor Corp. will test and refine electric-vehicle-charging technology in the Indianapolis area under a partnership with Duke Energy Corp. announced Wednesday morning.
Indiana electric utilities choking on federal environmental rules that threaten their coal and oil-powered generating stations might be able to tap wind power generated in the plains states starting in 2017.
North Carolina utilities regulators have ordered Duke Energy and Progress Energy to detail some of the deals they cut with major customers before their merger earlier this year.
Arkansas regulators want guarantees that their authority will be preserved if Entergy Corp.'s utilities join Carmel-based regional transmission group MISO, raising questions about whether the deal will go through.
Citizens Action Coalition, Sierra Club, Save the Valley and Valley Watch are hoping questions over legal fees the utility agreed to pay attorneys for industrial customers scuttle a deal over cost overruns at the $3.3 billion Edwardsport coal gasification plant.
Duke Energy Corp.’s earnings rose 2 percent in the second quarter on higher electric rates, but newly acquired subsidiary Progress Energy saw earnings plummet as a result of planned nuclear plant outages.
North Carolina utilities regulators said Wednesday they have hired a former federal prosecutor with experience digging into corporate affairs to reveal whether regulators were misled ahead of a takeover that created America's largest electric company.
A judge has refused to dismiss an official misconduct charge against Indiana's former top utility regulator, David Lott Hardy.
The investigations into whether regulators and consumers were misled in the run-up to the merger of North Carolina's two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week.
The Minnesota-based firm plans to generate the power at three, 10-megawatt sites in IPL’s service territory.
Bill Johnson, the man who was CEO of Duke Energy Corp. for eight hours after its $17.8 billion takeover of Progress Energy Inc., began testifying Thursday to the North Carolina Utilities Commission.
North Carolina regulators expect testimony Thursday from the CEO ousted by Duke Energy Corp. within hours of becoming the top executive of the country's largest electric company.
Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors, including local businessman Michael Browning, about the surprise CEO switch at the top of America's largest electric company.
Indianapolis real estate developer and Duke Energy Corp. director Michael Browning has been ordered to appear Friday before the North Carolina Utilities Commission, which is investigating the unexpected ouster of the utility’s new CEO just hours after the company merged with Progress Energy Inc.
Three former board members of Progress Energy Inc. said they would have voted against Duke's $17.8 billion takeover offer had they known Rogers would remain in charge of the combined companies.
Duke Energy Corp. on Tuesday unexpectedly announced the resignation of Bill Johnson, previously named to be the CEO after its $17.8 billion takeover of Progress Energy Inc. James Rogers has been named CEO of the merged companies effective immediately.
