March 29, 2017 6:19 AM ET

Electric Utilities

Company Overview of Duke Energy Indiana, LLC

Company Overview

Duke Energy Indiana, LLC, a regulated public utility, generates, transmits, distributes, and sells electricity in Indiana, the United States. The company generates electricity through coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuels. It supplies electric service to 820,000 residential, commercial, and industrial customers covering an area of 23,000 square miles. The company is based in Plainfield, Indiana. Duke Energy Indiana, LLC 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, LLC

Chief Executive Officer
Age: 56
Chief Financial Officer and Executive Vice President
Age: 58
Chief Accounting Officer, Senior Vice President and Controller
Age: 47
Compensation as of Fiscal Year 2016.

Duke Energy Indiana, LLC Key Developments

Duke Energy Indiana Announces Unaudited Sales and Operating Results for the Third Quarter and Nine Months Ended September 30, 2016

Duke Energy Indiana announced unaudited sales and operating results for the third quarter and nine months ended September 30, 2016. For the quarter, total electric sales were 9,073 GWh against 8,784 GWh a year ago. For the nine months, total electric sales were 26,624 GWh against 25,217 GWh a year ago. For the quarter, total electric energy generation was 7,092 GWh against 7,407 GWh a year ago. For the nine months, total electric energy generation was 21,931 GWh against 19,257 GWh a year ago.

Duke Energy Indiana Announces Construction of New 17 MW Solar Power Plant

Duke Energy Indiana has announced the construction of a new 17MW solar power plant at Naval Support Activity Crane, also known as the Crane naval station. The Indiana Utility Regulatory Commission has approved a settlement agreement between the company and the Indiana Office of Utility Consumer Counselor to build the solar plant, which will sit on roughly 145 acres in the southeast portion of the naval base.

Duke Energy Indiana Reaches Settlement to Modernize its Statewide Electric Grid

Duke Energy Indiana has reached a settlement with some of the state's key consumer groups on the company's plan to modernize its aging electric grid that delivers power to more than 800,000 Hoosier homes, businesses and industries. The company reached agreement with the Indiana Office of Utility Consumer Counselor, the Duke Energy Indiana Industrial Group, Companhia Siderurgica Nacional, Steel Dynamics, Wabash Valley Power Association, Indiana Municipal Power Agency, Hoosier Energy Rural Electric Cooperative and the Environmental Defense Fund on a seven-year plan using a combination of advanced technology and infrastructure upgrades to improve service to customers. In May, the Indiana Utility Regulatory Commission denied Duke Energy Indiana's original plan proposed in August 2014, asking for more details and more focus on electric grid projects. In December, the company filed a revised plan addressing the commission's issues. As part of the settlement, Duke Energy will reduce the level of capital investments recovered through the plan's customer bill tracker from approximately $1.8 billion to approximately $1.4 billion. Part of the reduction comes from $192 million earmarked for new advanced digital meters, but the company retains the ability to pursue the meters and defer their costs for consideration in a future rate case rather than through a monthly bill tracker as other items in the plan. The company also agreed to reduce its return on equity on plan investments from 10.5% to 10% for investments that flow through the plan's bill tracker. This does not impact the company's 10.5% allowed return on equity on its other remaining investments.

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Recent Private Companies Transactions

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