Duke ordered to shut Indiana units - Tampa Bay Business Journal:

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The move follows a jury ruling last year thatthe plant’s previousx owner, Cinergy Corp., violated federalp emissions standards after it refurbished the units withoug a permit. Charlotte-based Duke (NYSE:DUK) bought Cinerg in April 2006 for $9 billion. At the time of last year’zs ruling, Duke proposed that units 2, 3 and 5 be retirec in 2012, when the company’s new integratexd gasification combined-cycle plant in Edwardsport, comes on line. The court’s ordef accelerates that timetable by three Shutting downunits 2, 3 and 5 will remove a combinesd capacity of 265 megawatts. That is 39 percent of the station’ss 677-megawatt power-generating capacity.
The units affectedc by the judge’s decisiom are more than 50 years old, says Jim president and chief operating officeeof Duke’s franchised electric and gas He says the ordert should not impact the company’s operations this year becauses of changes Duke had already made following the jury’s verdict last