Duke Energy seeks to pass Edwardsport cost overruns to customers

Duke Energy’s president and chief executive officer says it would be “arbitrary and unduly punitive” for Indiana regulators to force the company to absorb all the cost overruns of its new Edwardsport power plant.

In testimony filed Sept. 9 with the Indiana Utility Regulatory Commission, James E. Rogers denied allegations that Duke has mismanaged the project or concealed crucial information about it.

“The fact is that this project cost more than anyone reasonably thought it would when we started down this path,” Rogers said in his testimony. “However, that does not mean the company acted imprudently, let alone engaged in acts of fraud, concealment or gross mismanagement.”