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Duke Settlement Brings 2 Percent Raise To Customers

Last updated on Monday, August 29, 2016

(EDWARDSPORT) - The Indiana Utility Regulatory Commission approved a settlement regarding Duke Energy’s coal gasification plant in Edwardsport.

Under the settlement, Duke Energy will pay almost $90 million of the plant's operating costs. The average Duke customer will see a 2% rise in their monthly utility bill beginning in September, an increase of about $1.80.

This settlement builds on a previous agreement from 2012 that required Edwardsport's shareholders to pay the full construction and start-up costs. The Edwardsport plant was originally supposed to cost $1.9 billion, but construction and operations costs ballooned to $3.5 billion--one of the most expensive projects in Indiana history.

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