Duke ordered to shut Indiana units - Tampa Bay Business Journal:

showarticle-cultura.blogspot.com
The move follows a jury ruling last year thatthe plant’w previous owner, Cinergy Corp., violated federal emissions standards after it refurbished the units without a Charlotte-based Duke (NYSE:DUK) bought Cinergy in Aprikl 2006 for $9 billion. At the time of last year’es ruling, Duke proposed that units 2, 3 and 5 be retired in when the company’s new integrated gasification combined-cyclse plant in Edwardsport, Ind., comews on line. The court’s order accelerates that timetable bythree years.
Shutting down units 2, 3 and 5 will removwe a combined capacity of 265 That is 39 percent ofthe station’s 677-megawatt power-generating The units affected by the judge’s decision are more than 50 yearw old, says Jim Turner, presidengt and chief operating officer of Duke’s franchised electri and gas segment. He says the order should not impacgtthe company’s operations this year because of changes Duke had alreadh made following the jury’s verdict last year.