Business
Duke Energy Indiana agrees to Cayuga coal unit feasibility study in addition to building new gas units on-site
Duke Energy Indiana and Reliable Energy Inc., which represents several of Indiana's major coal producers, have reached a settlement in Duke Energy Indiana's request pending before the Indiana Utility Regulatory Commission for a proposed new natural gas plant at its Cayuga Generating Station in Vermillion County, Ind.
About this update from Duke Energy Corporation (holding Company)
[{"type":"list","items":[{"val":[{"type":"text","content":"The study will explore the possibility of a sale of existing coal units ","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Settlement with state's coal producers is aligned with Indiana Governor Mike Braun's executive orders on coal","length":117,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":188,"olType":false},{"type":"text","content":"PLAINFIELD, Ind., June 17, 2025 /PRNewswire/ -- Duke Energy Indiana and Reliable Energy Inc., which represents several of Indiana's major coal producers, have reached a settlement in Duke Energy Indiana's request pending before the Indiana Utility Regulatory Commission for a proposed new natural gas plant at its Cayuga Generating Station in Vermillion County, Ind.","length":379,"tagName":"p"},{"type":"image","alt":"Duke Energy logo (PRNewsfoto/Duke Energy)","displaySize":"","headline":null,"caption":"Duke Energy logo (PRNewsfoto/Duke Energy)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":128,"url":"https://media.zenfs.com/en/prnewswire.com/829a69c01f1ce34f867ba8075a40a22b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AZkz2p7IVk.0RFE.fpGQ7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/829a69c01f1ce34f867ba8075a40a22b","width":400,"height":128}},"href":"https://mma.prnewswire.com/media/660545/Duke_Energy_New_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"If state utility regulators approve the gas plant proposal as well as the settlement, Duke Energy Indiana has agreed to perform an engineering study to evaluate the technical feasibility of continued operation of the site's current coal units by third parties that may be interested in purchasing them. Duke Energy would then issue a request for proposal to solicit interest in the coal units, which could be available for sale after the two proposed gas units are placed in service in 2029 and 2030.","length":504,"tagName":"p"},{"type":"text","content":""The settlement is aligned with Indiana Governor Mike Braun's recent executive orders aimed at making sure there's a careful evaluation before retiring coal units and encouraging additions to the state's power supplies," said Duke Energy Indiana President Stan Pinegar. "T...