Duke Energy (DUK -0.7%) opens lower after state regulators yesterday approved a deal that caps...


Duke Energy (DUK -0.7%) opens lower after state regulators yesterday approved a deal that caps at $2.6B the amount of construction costs DUK can pass along to consumers for its troubled Edwardsport coal-gasification plant in Indiana, requiring the utility to absorb nearly $900M in cost overruns.

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Comments (2)
  • tnuhr
    , contributor
    Comments (54) | Send Message
     
    Let's hope they over stated the costs. Regulators get to get a good showing that way.
    28 Dec 2012, 10:52 AM Reply Like
  • MexCom
    , contributor
    Comments (3069) | Send Message
     
    That's the bad news. The good news is that their rate increase request is going forward. This will be much more than the construction cost push back.
    28 Dec 2012, 02:28 PM Reply Like
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