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.

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NIPSCO to spend $5B for power-system upgrades

The Merrillville-based utility said it plans to spend $5 billion in the next 10 years on electrical system improvements, including almost $1 billion on environmental upgrades at its coal-fired plants.

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Indiana plant a drag on Duke Energy earnings

Duke Energy Corp.'s third-quarter earnings tumbled 30 percent, the company said Thursday, with energy consumption falling at the same time that costs rose unexpectedly for a new plant in Indiana.

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