Duke Energy Indiana President responds to IURC Edwardsport decision

     Duke Energy Indiana President responds to IURC Edwardsport decision

PR Newswire

PLAINFIELD, Ind., Dec. 27, 2012

PLAINFIELD, Ind., Dec. 27, 2012 /PRNewswire/ --Duke Energy Indiana President
Doug Esamann today issued the following statement in response to the Indiana
Utility Regulatory Commission's (IURC) approval of the Edwardsport settlement
agreement.

(Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO)

"Today the Indiana Utility Regulatory Commission approved a settlement
agreement finalized in April 2012 between Duke Energy Indiana and some of the
state's key consumer groups involved in regulatory proceedings dealing with
the company's Edwardsport coal gasification power plant.

"The decision reduces the amount Duke Energy's Indiana customers will pay for
an advanced technology, environmentally cleaner coal power plant and provides
clarity to the company for cost recovery on this project.

"With construction virtually complete, Edwardsport has successfully produced
its first electricity from gasified coal during start-up and testing. By
mid-2013, we expect to place the plant into commercial operation.

"Today's decision resolves key regulatory issues and allows us to focus on
bringing into service a plant that will help us meet increasingly strict
federal environmental regulations while still using an abundant local
resource, Indiana coal.

"Edwardsport will serve the electric energy needs of our Indiana customers for
decades to come."

The Indiana Utility Regulatory Commission news release and order can be viewed
at this link: http://www.state.in.us/iurc/index.htm.

Duke Energy Indiana's operations provide approximately 6,900 megawatts of
owned electric capacity to approximately 790,000 customers, making it the
state's largest electric supplier.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded
on the New York Stock Exchange under the symbol DUK. More information about
the company is available at: www.duke-energy.com.

MEDIA CONTACT:   Angeline Protogere
Phone:           317-838-1338
24-hour :        800-559-3853
ANALYST CONTACT: Bob Drennan
                 704-382-4070
                 Bill Currens
                 704-382-1603



SOURCE Duke Energy

Website: http://www.duke-energy.com
 
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