Utility rates – Page 7 – Indianapolis Business Journal

Articles

$14M legal tab touches off new skirmish in Duke case

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.

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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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Utility exec: Coal-gas plant’s ‘time has passed’

A utility executive told a legislative committee Tuesday that a drop in natural gas prices as a result of the nation's shale-gas boom have made a proposed southern Indiana coal-gasification plant a project "whose time has passed."

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States cut programs to help poor cool their homes

Many states hit hardest by this week's searing heat wave have drastically cut or entirely eliminated programs that help poor people pay their electric bills, forcing thousands to go without air conditioning when they need it most.

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Agency: Duke customers shouldn’t pay $530M in overruns

The Indiana Office of Utility Consumer Counselor has filed a blistering rebuke of Duke Energy Corp. for the high cost of its Edwardsport coal-gasification plant and has asked regulators to deny Duke’s request to charge ratepayers $530 million for cost overruns.

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Controversial utility bill heads to governor

Opponents say the legislation shifts clean-energy risks to ratepayers and protects utility shareholders. Utilities say they need the legislation to help them comply with federal pollution mandates.

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Citizens Energy agrees to document utility savings

A not-for-profit public trust that wants to buy Indianapolis' water and sewer utilities has agreed to document all of the savings it says the $1.9 billion deal would create. State regulators still must approve the transaction.

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Duke Energy

Duke proposes new cap on coal-gasification plant

Duke Energy Corp. is asking state regulators to approve the company's newly drafted plan to cap at $2.72 billion the price of an Indiana coal-gasification plant it's building that's been plagued by cost overruns.

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Regulators plan more hearings on Duke plant costs

Indiana utility regulators will hold two additional field hearings to take public comment on Duke Energy's request to pass along to ratepayers the $2.9 billion cost of a coal-gasification plant being built near Edwardsport in southwestern Indiana.

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Indiana activists oppose nuclear incentive bill

A bill that would offer Indiana's utilities incentives to build the state's first nuclear power plants is advancing in the Statehouse despite strong opposition from environmentalists, renewable energy boosters and industries that consume large amounts of electricity.

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