Tuesday, October 5, 2010

Duke ordered to shut Indiana units - Business First of Louisville:

http://scaredonline.com/pages.php?cID=2&pID=6
The move follows a jury ruling last year thatthe plant’ws previous owner, ., violated federal emissionds standards after it refurbished the unit without a permit. N.C.-based Duke (NYSE: DUK) bought Cincinnati-baserd Cinergy in April 2006 for $9 At the time of last year’s Duke proposed that units 2, 3 and 5 be retiredf in 2012, when the company’s new integrated gasification combined-cycle plantt in Edwardsport, Ind., comes on line. The court’s order accelerate s that timetable bythree years. Shutting down units 2, 3 and 5 will removee a combined capacity of265 megawatts.
That is 39 perceny of the station’s 677-megawatt power-generating The units affected bythe judge’s decision are more than 50 yearws old, said Jim Turner, presidentr and chief operating officer of Duke’s franchised electricf and gas segment. He said the order shoul d not impactthe company’s operations this year because of changes Duke already had made followingg a jury’s verdict last year. Duke includes the former CincinnatiGas & Electric Co., Uniom Light, Heat and Power in Kentucky, and in Indiana.
The companyt also operates Duke Power inthe

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