Articles

Labor costs being watched at Duke Energy plant

Cost pressures could eat away at $2.9 billion Edwardsport project’s contingency fund, leaving no room for unexpected costs during startup and testing, Duke told the Indiana Utility Regulatory Commission.

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No ‘inappropriate communications,’ Duke Energy CEO says

Duke Energy Corp.’s top exec told the Indiana Utility Regulatory Commission that he’s confident the IURC’s former top attorney had no influence on decisions regarding the utility’s Edwardsport plant, even though he sought a job with Duke while working for the regulatory body.

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IURC to re-examine Duke project amid ethics flap

The commission is summoning the CEO of North Carolina-based Duke Energy to justify the $2.9 billion Edwardsport plant on the same day the state ethics board filed formal charges against a former IURC attorney hired by Duke.

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Heating bills should be cheaper this winter, utility says

Citizens Energy Group projects that the gas bill of its average residential customer will decline about 7 percent over the winter heating season. The utility said a customer who uses the typical amount of natural gas will spend $580, down from $620 last season.

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Duke Energy names interim president amid probe

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.

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Regulators postpone Duke hearing amid scandal

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.

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Duke Energy puts local CEO on leave amid state probe

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.

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