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July 05, 2015 11:17 PM ET

Electric Utilities

Company Overview of Duke Energy Indiana, Inc.

Company Overview

Duke Energy Indiana, Inc. generates, transmits, distributes, and sells electricity in Indiana, the United States. The company generates electricity through coal, hydroelectric, natural gas, oil, and nuclear fuels. It supplies electric service to 810,000 residential, commercial, and industrial customers covering an area of 23,000 square miles. The company was formerly known as PSI Energy, Inc. Duke Energy Indiana, Inc. is based in Plainfield, Indiana. Duke Energy Indiana, Inc. is a subsidiary of Duke Energy Corporation.

1000 East Main Street

Plainfield, IN 46168

United States

Phone:

704-382-3853

Key Executives for Duke Energy Indiana, Inc.

Chief Executive Officer
Age: 55
President and Director
Age: 57
Chief Financial Officer and Executive Vice President
Age: 56
Chief Accounting Officer, Vice President and Controller
Age: 40
Chief Human Resources Officer and Executive Vice President
Age: 48
Compensation as of Fiscal Year 2015.

Duke Energy Indiana, Inc. Key Developments

Duke Energy Corporation, Duke Energy Carolinas, LLC, Duke Energy Florida, Inc., Duke Energy Indiana, Inc., Duke Energy Kentucky, Inc., Duke Energy Ohio, Inc., and Duke Energy Progress, Inc., Enter into Amendment to the Credit Agreement

On January 30, 2015, Duke Energy Corporation and its wholly-owned subsidiaries, Duke Energy Carolinas, LLC, Duke Energy Florida, Inc., Duke Energy Indiana, Inc., Duke Energy Kentucky, Inc., Duke Energy Ohio, Inc., and Duke Energy Progress, Inc., entered into an amendment to the $6,000,000,000 Credit Agreement, dated as of November 18, 2011 and as amended on December 18, 2013, among the Corporation and each of such subsidiaries, as Borrowers, the lenders listed therein, Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender. The credit facility was originally described and filed in the Corporation's Form 8-K dated November 25, 2011. The amendment was entered into primarily to increase the maximum aggregate borrowing amount available to the Borrowers to $7,500,000,000, and to extend the termination date of the facility from December 2018 to January 30, 2020.

Indiana Court Rules Regulators Must Examine Costs of Duke Energy Indiana's Edwardsport Plant

An Indiana appeals court on Sept. 8 ruled against Duke Energy Indiana Inc. and in favor of environmental groups that oppose Duke's Edwardsport integrated gasification combined-cycle plant, ruling that state regulators must reconsider whether certain costs for the multibillion-dollar project should be passed onto ratepayers. The decision will likely lead the Indiana Utility Regulatory Commission again to take on the question of whether it is fair for ratepayers to be charged for costs that allegedly came from delays in the startup of the plant. The environmental groups argued the delays should be blamed on Duke for trying to push an unproven technology before it was ready. The Edwardsport facility's technology converts coal into a synthesis gas from which pollutants are removed, and heat from the gasification process is used to generate electricity, allowing the coal plant to provide power but with highly reduced emissions. Implementing this technology at the Indiana plant has led to one of the most expensive projects ever pursued by Duke Energy Corp., but one the company says will pay off over the long run. Unexpected difficulties during testing the plant pushed the startup date back by several months, and the capital costs increased to $3.15 billion from a 2011 estimate of $2.72 billion.

Duke Energy Indiana Reports Unaudited Sales Results for the Second Quarter and Six Months Ended June 30, 2014

Duke Energy Indiana reported unaudited sales results for the second quarter and six months ended June 30, 2014. For the quarter, sales were 8,455 GWh against 7,937 GWh last year. For the six months, sales were 17,329 GWh against 16,422 GWh last year.

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