Duke Energy Indiana Agrees to Cayuga Coal Unit Study, Plans New On-Site Gas Units

Duke Energy Corporation (NYSE:DUK) is among the 13 Best Electrical Infrastructure Stocks to Invest In. On June 17, 2025, Duke Energy Indiana, a subsidiary of Duke Energy Corporation (NYSE:DUK), disclosed a settlement with Reliable Energy Inc., which represents major coal producers, in which the parties agreed to conduct an engineering study on the feasibility of potential third-party buyers continuing to operate the Cayuga coal units. This comes after the firm’s Duke Energy proposed adding two more natural gas units to its Cayuga Generating Station, which is scheduled to start up in 2029 and 2030.

The agreement guarantees that the coal units will not be decommissioned without considering sale possibilities, which is in line with Indiana Governor Mike Braun’s executive directives on maintaining coal generation. Duke Energy Corporation (NYSE:DUK)’s Duke Energy Indiana will release a request for proposals once feasibility has been established.

The new gas units’ budget and schedule are unaffected by the settlement. The state’s importance to energy resilience and dependability was made clear by Reliable Energy President Savannah Kerstiens, while President Stan Pinegar stressed the significance of increasing efficient power capacity.

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