Indiana Utility Regulatory
Commission
302
West Washington Street, Room 306
Indianapolis,
Indiana 46204
317.232.2297
office
317.233.1982
fax
The
Indiana Utility Regulatory Commission today approved a request from Duke Energy
Knox to build and operate a 640 MW power generation facility. The facility will be known as The Knox
Generating Station.
In Cause 41803, the majority of the Commissioners are
satisfied that there is not only a generic need for power in the region, but
also a particular need for the power that will be generated by the facility.
The evidence in this case also indicates that the facility
should reduce the cost of power and provide additional power that, in turn,
will benefit ratepayers in Indiana. The
company also agrees to operate its facility in a manner consistent with good
utility practice that will not harm or cause harm to Indiana retail customers.
Community leaders support the project and some were on hand
as the Commissioners signed the order.
The plant will be located near the town of Wheatland in Knox County. The estimated cost of the facility is in
excess of $200 million. The company
has submitted evidence that it has complied with local zoning and land use
requirements, and has obtained or will obtain all local construction-related
permits.
To allow the IURC to keep track of electric systems across
the state, the order requires the company to keep the IURC informed of progress
during construction. The company is
also required to seek prior approval of any transfer of assets owned by Duke
Energy Knox.
Electricity generated at the facility will be sold solely on
the wholesale market. Duke Energy Knox
does not intend and is not authorized
by the IURC to sell any electricity generated from this facility to the public
on a retail basis.
Duke
Energy Knox is a Limited Liability Company organized and existing under the
laws of the State of Delaware. It is a
publicly traded energy services company with extensive domestic and
international operations.
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