Ind. Court OKs Duke Energy $3.3B Plant Funding Settlement

Law360, New York (March 19, 2014, 4:44 PM EDT) -- An Indiana appeals court on Wednesday affirmed the state utility regulator's approval of a settlement between Duke Energy Corp.’s Indiana arm, a ratepayers' rights agency and others over construction costs for a $3.3 billion coal gasification plant, nixing environmental groups’ attempt to vacate the settlement.

A three-judge panel of the Court of Appeals of Indiana ruled that there was no evidence that the Indiana Utility Regulatory Commission acted contrary to the law when it approved the 2012 settlement between Duke Energy Indiana Inc., the Office of the...
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