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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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April 17, 2014
17:19 EDTDUKDuke Energy unit says incurred about $15M in costs from Dan River ash release
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April 15, 2014
07:57 EDTDUKDuke board may face contentious meeting with directors targeted, FT says
California’s state pension fund and New York City’s retirement system jointly wrote to fellow shareholders urging them to withhold support for members of Duke Energy’s regulatory policy and oversight committee at the company’s upcoming shareholder meeting on May 1, citing the company's environmental record and poor relationship with regulators, said Financial Times. Reference Link
April 14, 2014
13:46 EDTDUKNYC Pension Funds, CalPERS vote against four Duke Energy directors
NYC Pension Funds and CalPERS announced that they will vote against four director nominees to Duke Energy's board for what the funds said was a failure to, "fulfill their obligations of risk oversight as members of a committee overseeing health, safety, and environmental compliance at the company." The funds cite the February coal ash spill into the Dan River in North Carolina, and said that they held a call to discuss concerns with management, and that their request to speak with the board was not passed on.
April 10, 2014
07:02 EDTDUKDuke Energy EPS, dividend growth could accelerate 2016-2018, says Bernstein
Bernstein believes that Duke Energy's EPS and dividend growth could accelerate from 2016-2018. The firm raised its price target on the stock to $78 from $77 but keeps a Market Perform rating on the shares.

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