Duke Energy Indiana, a subsidiary of Duke Energy Corporation (NYSE:DUK), has agreed to conduct an engineering study on the feasibility of potential third-party buyers continuing to operate the Cayuga coal units. This settlement with Reliable Energy Inc. guarantees that the coal units will not be decommissioned without considering sale possibilities.

The agreement ensures that the budget and schedule for the new gas units at the Cayuga Generating Station remain unaffected. Indiana Governor Mike Braun’s executive directives on maintaining coal generation align with the decision to explore potential buyers. Reliable Energy President Savannah Kerstiens emphasizes the state’s importance in energy resilience.

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Read more at Yahoo Finance: Duke Energy Indiana Agrees to Cayuga Coal Unit Study, Plans New On-Site Gas Units