JOINT PETITION AND APPLICATION OF PSI ENERGY, INC., D/B/A DUKE ENERGY INDIANA, INC., AND SOUTHERN INDIANA GAS AND ELECTRIC COMPANY, D/B/A VECTREN ENERGY DELIVERY OF INDIANA, INC., PURSUANT TO INDIANA CODE CHAPTERS 8-1-8.5, 8-1-8.7, 8-1-8.8, AND SECTIONS 8-1-2-6.8, 8-1-2-6.7, 8-1-2-42(a) REQUESTING THAT THE COMMISSION: (1) ISSUE APPLICABLE CERTIFICATES OF PUBLIC CONVENIENCE AND NECESSITY AND APPLICABLE CERTIFICATES OF CLEAN COAL TECHNOLOGY TO EACH JOINT PETITIONER FOR THE CONSTRUCTION OF AN INTEGRATED GASIFICATION COMBINED CYCLE GENERATING FACILITY (“IGCC PROJECT”) TO BE USED IN THE PROVISION OF ELECTRIC UTILITY SERVICE TO THE PUBLIC; (2) APPROVE THE ESTIMATED COSTS AND SCHEDULE OF THE IGCC PROJECT; (3) AUTHORIZE EACH JOINT PETITIONER TO RECOVER ITS CONSTRUCTION AND OPERATING COSTS ASSOCIATED WITH THE IGCC PROJECT ON A TIMELY BASIS VIA APPLICABLE RATE ADJUSTMENT MECHANISMS; (4) AUTHORIZE EACH JOINT PETITIONER TO USE ACCELERATED DEPRECIATION FOR THE IGCC PROJECT; (5) APPROVE CERTAIN OTHER FINANCIAL INCENTIVES FOR EACH JOINT PETITIONER ASSOCIATED WITH THE IGCC PROJECT; (6) GRANT EACH JOINT PETITIONER THE AUTHORITY TO DEFER ITS PROPERTY TAX EXPENSE, POST-IN-SERVICE CARRYING COSTS, DEPRECIATION COSTS, AND OPERATION AND MAINTENANCE COSTS ASSOCIATED WITH THE IGCC PROJECT ON AN INTERIM BASIS UNTIL THE APPLICABLE COSTS ARE REFLECTED IN EACH JOINT PETITIONER’S RESPECTIVE RETAIL ELECTRIC RATES; (7) AUTHORIZE EACH JOINT PETITIONER TO RECOVER ITS OTHER RELATED COSTS ASSOCIATED WITH THE IGCC PROJECT; AND (8) CONDUCT AN ONGOING REVIEW OF THE CONSTRUCTION OF THE IGCC PROJECT |