Duke Energy Indiana Reaches Deal on Cayuga Gas Plant
Slice of Energy Team
06/23/2025
Key highlights
- Duke Energy Indiana and Reliable Energy Inc. reach settlement on new natural gas plant in Vermillion County
- Feasibility study planned for continued coal unit operation by third parties
- Coal units could be sold after gas plant becomes operational in 2029–2030
- Settlement supports Indiana’s energy resilience goals
- No impact on gas plant construction timeline or costs
Source: PR Newswire
Notable Quotes
“ The new natural gas units we've proposed add additional, highly efficient power capacity to Indiana's electric grid. ”
Stan Pinegar, President at Duke Energy Indiana
“ This agreement represents a meaningful step toward preserving reliable, in-state power generation for Hoosiers. ”
Savannah Kerstiens, President at Reliable Energy Inc.
Why This Matters
This settlement reflects a significant alignment between utility interests and coal producers in Indiana, aiming to balance the state’s evolving energy mix. While progressing with cleaner, more efficient natural gas infrastructure, Duke Energy Indiana also leaves the door open for third parties to maintain coal operations. This dual-track approach responds to Governor Braun’s executive orders emphasizing energy security and diverse generation sources, reinforcing the state’s long-term grid reliability and economic development priorities.
