VERMILLION COUNTY, Ind. (WTHI) – Indiana Utility Regulatory Commissioners last week approved Duke Energy’s $3.3B financing plan to replace two coal-powered units at the Cayuga Generating Station with natural gas units.
Officials with Duke Energy say this will result in higher energy production for the state of Indiana, but also higher bills for rate payers.
Operational for over fifty years, the Cayuga facility is Duke Energy’s oldest coal powered generation facility. Converting the coal units into natural gas units will create much needed energy production, increasing maximum capacity by almost five hundred mega-watts. Duke Energy says that reliability is their first goal. “There is a lot of industry that is interested in coming to Indiana, and as a utility, our ultimate obligation is reliability of service,” says Angeline Protogere with Duke Energy…