Decision to replace Indiana CEO Mike Reed, who has been placed on administrative leave, follows a state investigation into an ethics controversy involving Duke that resulted in the dismissal of the chairman of the Indiana Utility Regulatory Commission.
Conflicts of interest shouldn’t happen, but one that made news this month should inspire legislation to slow the revolving door between the Indiana Utility Regulatory Commission and the utilities it is supposed to watch.
Indiana Statehouse Democrats are calling for for more investigations and wholesale restructurings amid an ethics flap enveloping the Indiana Utility Regulatory Commission.
The Indiana Utility Regulatory Commission canceled a hearing set for Thursday on Duke Energy Corp.’s controversial Edwardsport power plant amid a conflict-of-interest scandal that cost the agency’s chief his job.
Duke Energy Corp. placed Mike Reed, CEO of its Indiana operations, on administrative leave Tuesday afternoon amid a state investigation that involves the company and resulted in the dismissal of the chairman of the Indiana Utility Regulatory Commission.
Daniels administration alleges Indiana Utility Regulatory Commission chairman David Lott Hardy knew an administrative law judge was talking with Duke Energy Corp. about a job even as he presided over a Duke case.
Consultant finds 23 or so customer-service jobs may be unneeded after Citizens Energy acquires city water and sewer utilities. Administrative jobs may also be on bubble, though most savings are from capital-related expenses.
Watchdog groups are criticizing Duke Energy's hiring of the top attorney for Indiana's utility oversight panel, saying his role handling issues related to a nearly $3 billion power plant the company is building raises serious ethics questions.
A proposed settlement between the utility and industrial customers would temporarily cap the cost of the plant, which is $1 billion more than initial estimates.
If Citizens Energy can successfully manage and mitigate over the next two years the city’s lingering legal and contractual
obligations involving the water and sewer utilities Citizens is negotiating to buy, the city can hang onto an extra $25 million
in the deal.
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and
sidewalk projects.
Indiana Utility Consumer Counselor David Stippler’s comments came four months after Duke Energy revealed the cost of its southwestern
Indiana plant had grown to nearly $2.9 billion, or about twice the project’s original 2007 estimate.
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to
transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
Sale of city's water and sewer utilities faces showdown on Monday with full council vote.
Transmission lines costing about $16 billion are needed to move wind energy into the electric grid. But the cost has sparked
a debate over who should pay for getting the power from where it is made to where it is consumed.
The $1.9 billion deal still needs the OK of the City-County Council and state regulators.
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
The waterworks board’s plan to hire outside consultants to study the proposed sale of Indianapolis Water could delay the deal.
Indiana saw a 700-percent increase in total wind-generated power in 2009, an increase second only to Utah, according to the
U.S. Wind Industry Annual Market Report.
Citizens Energy should have completed the majority of its due diligence of the city’s water and sewer utilities, which
it plans to acquire, by the end of this month.
