A group of advocacy organizations, including Citizens Action Coalition, Save the Valley, Sierra Club, and Valley Watch, joined a modified settlement that was filed today at the Indiana Utility Regulatory Commission (IURC) regarding Duke Energy’s Edwardsport IGCC plant in Knox County, IN. The settlement, which builds off of an initial settlement reached in 2015, paves the way for additional consumer protections for Hoosiers and coal retirements in Indiana.
Hearings begin this Wednesday at the Indiana Utility Regulatory Commission (IURC) to determine who should pay the unbelievable costs associated with Duke Energy’s newest power plant, the problem-plagued and scandal-ridden Edwardsport IGCC plant in Knox County, Indiana.
The coal-gasification plant has now been operating for just over 18 months. Duke initially promised the plant would cost $1.9 billion, but the price tag has since ballooned to over $3.5 billion.
Captive Hoosier ratepayers doled out nearly $400 million before Duke Energy’s Edwardsport coal gasification power plant delivered any net energy to the grid, according to testimony filed late Monday night by a coalition of citizen groups before the Indiana Utility Regulatory Commission (IURC). Through the end of March 2014, consumers have paid in excess of $688 million for the scandal-ridden and problem-plagued power plant.
These are the issues of immediate importance we are working on right now.