Duke Energy Reaches Edwardsport Settlement
Duke Energy has reached a $90 million settlement with multiple consumer groups over operating costs at its Edwardsport coal gasification plant. Under the agreement, Duke will not bill customers for $85 million in deferred operating costs. The deal still needs Indiana Utility Regulatory Commission approval.
The utility says the remaining costs will result in an average two percent increase in customers’ bills. The settlement also calls on the company to cap operating, maintenance and capital costs at the plant that are billed to customers in 2016 and 2017.
The $3.5 billion plant began operations in June 2013. Duke Energy Indiana serves about 810,000 customers in Indiana.