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News Breaks
December 27, 2012
17:12 EDTDUKDuke Energy Indiana president responds to IURC Edwardsport decision
Duke Energy Indiana President Doug Esamann issued the following statement in response to the Indiana Utility Regulatory Commission's approval of the Edwardsport settlement agreement. "Today the Indiana Utility Regulatory Commission approved a settlement agreement finalized in April 2012 between Duke Energy Indiana and some of the state's key consumer groups involved in regulatory proceedings dealing with the company's Edwardsport coal gasification power plant. The decision reduces the amount Duke Energy's Indiana customers will pay for an advanced technology, environmentally cleaner coal power plant and provides clarity to the company for cost recovery on this project. With construction virtually complete, Edwardsport has successfully produced its first electricity from gasified coal during start-up and testing. By mid-2013, we expect to place the plant into commercial operation. Today's decision resolves key regulatory issues and allows us to focus on bringing into service a plant that will help us meet increasingly strict federal environmental regulations while still using an abundant local resource, Indiana coal."
News For DUK From The Last 14 Days
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September 2, 2014
08:08 EDTDUKDominion, Duke Energy, Piedmont Natural Gas, and AGL forms joint venture
Dominion (D), Duke Energy (DUK), Piedmont Natural Gas (PNY) and AGL Resources (GAS) announced the formation of a joint venture to build and own the proposed Atlantic Coast Pipeline. The $4.5B-$5B, 550-mile natural gas pipeline would run from Harrison County, W. Va., southeast through Virginia with an extension to Chesapeake, Va., and then south through central North Carolina to Robeson County. The partnership, called Atlantic Coast Pipeline LLC, will own the pipeline initially proposed by Dominion as the Southeast Reliability Project. Dominion is to build and operate the Atlantic Coast Pipeline on behalf of the venture. The joint venture ownership stakes are: Dominion, 45%; Duke Energy, 40%; Piedmont, 10%; and AGL Resources, 5%. Dominion expects to file its FERC application in the summer of 2015, receive the FERC Certificate of Public Convenience and Necessity in the summer of 2016, and begin construction shortly thereafter.
August 29, 2014
08:42 EDTDUKDuke Energy Indiana proposes $1.9B plan to modernize energy grid
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August 28, 2014
12:01 EDTDUKDuke Energy to retires coal operations at W.C. Beckjord Station
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August 27, 2014
13:19 EDTDUKDuke Energy files Keowee-Toxaway license application
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August 25, 2014
10:00 EDTDUKOn The Fly: Analyst Initiation Summary
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07:54 EDTDUKDuke Energy coverage resumed with an Equal Weight at Morgan Stanley
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07:31 EDTDUKDynegy deal synergies seem quite conservative, says UBS
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07:02 EDTDUKDuke Energy asset sales positive, says RBC Capital
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August 22, 2014
07:05 EDTDUKDynegy says synergy targets include cost reductions in excess of $40M per year
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07:03 EDTDUKDuke Energy to sell Midwest generation business to Dynegy
Duke Energy (DUK) announced Dynegy (DYNIQ) will buy its non-regulated Midwest Commercial Generation Business for $2.8B in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales. The completion of the transaction is conditioned on approval from the Federal Energy Regulatory Commission, the expiration of the waiting period under the Hart-Scott Rodino Act, and the release of certain credit support obligations. Closing is expected to occur in three to six months. As a result of this announcement, in the third quarter Duke Energy will recognize an approximate $500M pre-tax reversal of the $1.4B impairment previously recognized in 2014. Use of the proceeds is being evaluated. The transaction is expected to be accretive to shareholders by 2016. The Duke Energy Ohio and Kentucky and Duke Energy Indiana regulated utilities are not a part of the transaction. The company began the process to exit its Midwest Commercial Generation Business in February 2014.
07:01 EDTDUKDynegy to acquire assets from Duke Energy and Energy Capital Partners
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August 20, 2014
16:10 EDTDUKDuke Energy continues to make progress cleaning up Ohio River oil spill
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