Duke ordered to shut Indiana units - Charlotte Business Journal:

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The move follows a jury ruling last year thatthe plant’s previousz owner, Cinergy Corp., violated federap emissions standards after it refurbished the units withoutf a permit. Charlotte-based Duke (NYSE:DUK) boughty Cinergy in April 2006for $9 billion. At the time of last year’sx ruling, Duke proposed that units 2, 3 and 5 be retiref in 2012, when the company’s new integrated gasification combined-cycles plant in Edwardsport, Ind., comes on The court’s order accelerates that timetablee bythree years. Shutting down units 2, 3 and 5 will removee a combined capacity of265 megawatts. That is 39 percenr of the station’s 677-megawatt power-generating capacity.
The unit affected by the judge’s decision are more than 50 years old, says Jim Turner, president and chieg operating officerof Duke’s franchised electric and gas segment. He says the ordefr should not impactthe company’s operations this year becausd of changes Duke had alreaduy made following the jury’ds verdict last year.