Two Years and Duke Energy’s ‘Clean Coal’ Plant Still Sputtering

Duke EdwardsportThe monument to former Duke Energy CEO Jim Rogers’s boondogglery – a “clean coal and carbon capture” power plant in Edwardsport, Ind. – has become the rate-busting gift that keeps on giving.

Over the weekend the Indianapolis Star reported that the facility that Duke Energy’s Indiana president called “state-of-the-art” continues to have premature breakdown and decay problems. Repair costs are likely to be passed on to customers, who have already seen their electric bills increase by up to 16 percent because of construction estimate overruns.

“Cracking welds. Eroding pipes. Frozen transmitters. Slag building up. Coal slurry spilling on floors,” the Star reported, citing disclosures to the Indiana Utility Regulatory Commission. “And all that was just in December.”

The plant has been operating for two years and was promoted as one of the “world’s cleanest” with the ability to deliver dependable, low-cost electricity. According to Power

Duke Energy’s Clean Coal Plant Coughed, Wheezed in Feb.

Duke EdwardsportAfter the global warming-battling Edwardsport coal gasification power plant used more power than it generated during the September-to-November timeframe, earlier this month information filed with the Indiana Utility Regulatory Commission showed the Duke Energy facility operated at less than 1 percent of capacity in February.

As Duke wants to recover $1.5 million in costs related to the plant, the state office that advocates for its customers – the Office of the Utility Consumer Counselor – wants IURC to more closely scrutinize why Edwardsport’s operation has been such a miserable failure. The much-delayed and fought-over plant had a $1.4 billion cost overrun and as a result is adding an average 16 percent increase to Hoosier State customers’ electric bills.

“The ratepayers of Duke Energy should not be mandated to bear the risks and most of the costs of this boondoggle,” said Kerwin Olson, executive director of Citizens Action Coalition, to …

Duke Energy’s Clean Coal Plant Uses More Energy Than It Produces

Duke EdwardsportNLPC has detailed extensively the wastefulness and folly of spending billions of taxpayer and consumer dollars to subsidize wind energy, solar energy and electric vehicles, all in the name of fighting climate change.

But the complicated, uneconomical boondoggle that Duke Energy built in Edwardsport, Ind. so as to burn coal gas rather than coal – and thus produce less carbon dioxide than a traditional coal plant – may be the dumbest idea to fight imaginary global warming to date. If you swallow the alarmists’ premise and “solutions,” the plant so far is a joke, as recent evidence shows it is using more energy than it produces.

Edwardsport was supposed to cost $1.9 billion but that estimate was about $1.6 billion short. The project has hacked and wheezed since 2006 under evidence of cronyism, corruption, conflicts of interest, cost overruns, delays, waste, and mismanagement, but at least it became …

Duke Energy’s ‘Clean Coal’ Power Plant Off to Bad Start

Duke EdwardsportDuke Energy’s “green” initiative to gasify coal for allegedly “cleaner” burning at its Edwardsport, Ind. power plant has already been vilified for cronyism, corruption, conflicts of interest, cost overruns, delays, waste, and mismanagement, but at least it became operational in June.

For six days.

The so-called “clean coal” project that was intended to have a carbon dioxide capture-and-storage component suffered breakdowns that left it inoperative on June 13, almost a week after Duke’s formal announcement that Edwardsport was on line, and only a day after the nation’s largest utility showed media members around the plant. The Indianapolis Star broke the news on Friday.

Eyebrows furrowed and heads shook not simply over the unexpected early stoppage, but given the questionable behavior surrounding the plant by previous CEO James Rogers and other Duke executives, the timing of the announcement followed by the quick shutdown only raised more …

Will Departing Duke CEO Rogers Officially Join the Obama Team?

Jim Rogers and windmill photoNow that he’s been forced out as chairman and CEO of Duke Energy, James Rogers is apparently looking for something else to do, and may now be more receptive to the idea of becoming President Obama’s next Secretary of Energy.

The new speculation, primarily from the Charlotte Business Journal, which is based in Duke’s home city, arose following an interview that Rogers did with Bloomberg News while at the World Economic Forum in Davos, Switzerland. Whereas Rogers used to routinely dismiss suggestions that he might be up for a cabinet post, when asked this time by Bloomberg reporter Tom Keene what he would bring to the job if the president asked him to serve, he was unhesitant.

“What I would bring is someone that’s been in the industry a long time and understands the importance of getting the balance right between cheap, affordable energy and meeting our …

Jim Rogers to Leave Duke Energy After Merger Fiasco

Jim Rogers and windmill photoThe long, crony-capitalizing, rent-seeking reign of CEO James Rogers at Duke Energy looks like it will come to an end – in a year, but possibly sooner.

The departure follows the saga that was the merger between Charlotte, NC-based Duke and Raleigh, NC-based Progress Energy, which was completed in June – sort of. After the North Carolina Utilities Commission delivered the final regulatory approval it needed, Duke’s board ousted former Progress head Bill Johnson. Throughout the nearly 18-month process the pending partner companies proclaimed Johnson would be the CEO of the new combined Duke, with Rogers moving up to chairman, but the directors schemed in the final months of negotiations and then sprung the firing on Johnson only hours after they congratulated him on his new position.

The NCUC was not happy about the deception, and launched an investigation and hearings with hints dropping all around that …

Former Temp CEO Rebuts Allegations of Duke Energy’s Jim Rogers

Bill Johnson photoAs the North Carolina Utilities Commission tries to make sense of the farcical events that surround its approval of the merger of Duke Energy and Progress Energy into the largest public electricity company in the nation, the deeper they dig, the dumber Duke looks.

Yesterday the 6-member panel (one seat is unfilled due to political wrangling) heard from former Progress CEO Bill Johnson (pictured). Throughout the 18-month merger process the two companies proclaimed to anyone who cared – including federal regulators, utilities commissions in at least six states, and Wall Street – that Johnson would carry that role over to the combined company, while former Duke CEO James Rogers would elevate to chairman.

Instead, according to Johnson’s testimony, within two hours after directors from both companies offered “handshakes, pats on the back, congratulations all around,” he was jettisoned and replaced by Rogers. The hearings were covered by most of …

Jim Rogers and Duke Energy Face Music Over Merger Power Grab

white Coke canThe tempest that followed the “boardroom coup” after Duke Energy’s merger with Progress Energy, in which former Progress CEO Bill Johnson was dismissed in favor of Duke CEO James Rogers, has only worsened since the North Carolina Utilities Commission approved the deal last week.

Rogers testified before the NCUC on Tuesday, after the directors of the newly combined Duke jettisoned Johnson just hours after the regulatory approval, even though both companies asserted beforehand – ever since the expected deal was announced last year – that he would lead the united company, while Rogers moved up to chairman. Utilities commissioners, former Progress directors who approved the merger, and the public were deceived into believing Johnson would oversee day-to-day operations.

“Have we as the commission been misled or, as others have said, duped in this process to get approval of this merger?” Commissioner Susan Rabon asked. “I hope you …

Jim Rogers’s Power Grab Underscores Politicization of Duke Energy

Jim Rogers and windmill photoAfter a lengthy process that overcame a demanding review at the North Carolina Utilities Commission and two rejections by the Federal Energy Regulatory Commission, Duke Energy won approval to merge with the Tar Heel State’s other major investor-owned utility, Progress Energy.

Then Duke’s board immediately pulled a fast one and fired the man they said all along would be the joint entity’s CEO, Bill Johnson, who would have continued from the same role he had with Progress. Instead leading the new combined company will be Duke’s current CEO, James Rogers. Throughout the merger approval process everyone understood he would abdicate that role to Johnson while remaining as company chairman.

The NCUC and state attorney general, Roy Cooper, were shocked by the move and are not pleased. Even less happy are many (now) former directors for Progress, who told the media last week that they never …

Duke Power Plant Boondoggle to Cost Customers Plenty

white Coke can

A $3.3 billion coal gasification and carbon dioxide capture power plant owned by Duke Energy, built in order to pacify concerns over the fake global warming scare, will increase rates for its Indiana customers by 14.5 percent the next two years.

The Indianapolis Star reported last week that ratepayers will cover nearly $2.6 billion of the plant’s costs, as the result of a deal between the utility, its industrial customers, and Indiana’s government advocate for electricity consumers. Duke’s shareholders will pay for the remainder of the facility, built in Edwardsport, Ind. Between the Charlotte-based utility and its main contractors on the plant – General Electric and Bechtel – construction costs soared from an estimated $1.985 billion in 2006 to $3.3 billion. Carbon dioxide capture and storage, like much renewable energy, is a technology that has not proven viable on a scale that would meet the electricity demands of …

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