Duke ordered to shut Indiana units - Atlanta Business Chronicle:

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The move follows a jury ruling last year thatthe plant’sw previous owner, Cinergy Corp., violated federalo emissions standards after it refurbishecd the units without a permit. Charlotte-base d Duke (NYSE:DUK) bought Cinergy in April 2006 for $9 At the time of last year’s ruling, Duke proposed that unitsa 2, 3 and 5 be retiredd in 2012, when the company’s new integrated gasification combined-cyclse plant in Edwardsport, Ind., comes on The court’s order acceleratesx that timetable bythree years. Shutting down unitsw 2, 3 and 5 will remove a combinedf capacity of265 megawatts. That is 39 percent of the station’sw 677-megawatt power-generating capacity.
The units affected by the judge’s decisiobn are more than 50 years old, says Jim president and chief operatingb officerof Duke’s franchisedc electric and gas segment. He says the orderr should not impactthe company’s operationsx this year because of change s Duke had already made following the jury’s verdicf last year.