- Four consumer and environmental groups agree to stop fighting Duke Energy's (NYSE:DUK) Edwardsport coal gasification plant in Indiana and join the company's settlement reached with other parties in September.
- In addition to absorbing $87.5M in operating costs of the plant since it began operations in June 2013, DUK says it will stop burning coal within seven years at its New Albany power plant, provide energy assistance for needy customers, and spend $500K for solar projects at churches, schools and other community sites.
- If the settlement is accepted by the Indiana Utility Regulatory Commission, litigation related to the plant effectively would end.
- Separately, DUK files for approval with the North Carolina Utilities Commission of its $4.9B acquisition of Piedmont Natural Gas (PNY).