Duke ordered to shut Indiana units - Charlotte Business Journal:

http://directoryjumble.info/index.php?s=D&c=428
The move follows a jury rulin last year thatthe plant’s previou s owner, Cinergy Corp., violate d federal emissions standards after it refurbished the units without a Charlotte-based Duke (NYSE:DUK) bought Cinergy in Aprikl 2006 for $9 billion. At the time of last year’zs ruling, Duke proposed that units 2, 3 and 5 be retired in 2012, when the company’a new integrated gasification combined-cycl plant in Edwardsport, Ind., comes on line. The court’s orde r accelerates that timetable bythred years. Shutting down units 2, 3 and 5 will removre a combined capacity of 265 That is 39 percent ofthe station’s 677-megawatft power-generating capacity.
The units affected by the judge’xs decision are more than 50 yearx old, says Jim Turner, president and chief operatingg officerof Duke’s franchised electric and gas He says the orderr should not impact the company’zs operations this year because of changes Duke had alreadyt made following the jury’s verdict last