Duke ordered to shut Indiana units - Charlotte Business Journal:

domnaofyvisyhojo.blogspot.com
The move follows a jury ruling last year thatthe plant’se previous owner, Cinergy Corp., violatef federal emissions standards after it refurbished the unitzs without a permit. Charlotte-bases Duke (NYSE:DUK) bought Cinergy in April 2006 for $9 At the time of last year’s Duke proposed that units 2, 3 and 5 be retired in when the company’s new integrated gasificatiomn combined-cycle plant in Edwardsport, comes on line. The court’s order accelerates that timetable by three Shutting downunits 2, 3 and 5 will remove a combined capacity of 265 That is 39 percent of the station’s 677-megawatg power-generating capacity.
The units affected by the judge’s decisioh are more than 50 years old, says Jim president and chief operating officefrof Duke’s franchised electric and gas segment. He says the ordert should not impactthe company’ s operations this year because of changes Duke had alreadyy made following the jury’s verdict last