WASHINGTON (dpa-AFX) - In a response to the Indiana Utility Regulatory Commission's or IURC approval of the Edwardsport settlement agreement, Duke Energy (DUK) Indiana President Doug Esamann said that 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 the project. The decision resolved key regulatory issues and allows the company to focus on bringing into service a plant that will help the company meet increasingly strict federal environmental regulations while still using an abundant local resource, Indiana coal.
'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,' Doug Esamann said.
The company stated that Edwardsport has successfully produced its first electricity from gasified coal during start-up and testing. By mid-2013, the company expects to place the plant into commercial operation.
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