VERIFIED PETITION OF DUKE ENERGY INDIANA, LLC (“DUKE ENERGY INDIANA”) PURSUANT TO IND. CODE CHS. 8-1-8.5, 8-1-8.8, AND IND. CODE §§ 8-1-2-0.6 AND 8-1-2-23 FOR (1) ISSUANCE OF A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY (“CPCN”) PURSUANT TO IND. CODE CH. 8-1-8.5 TO CONSTRUCT TWO COMBINED CYCLE (“CC”) NATURAL GAS UNITS, AT APPROXIMATELY 738 MEGAWATTS (WINTER RATING) EACH, AT THE EXISTING CAYUGA GENERATING STATION (“CAYUGA CC PROJECT”); (2) APPROVAL OF THE CAYUGA CC PROJECT AS A CLEAN ENERGY PROJECT AND AUTHORIZATION FOR FINANCIAL INCENTIVES INCLUDING TIMELY COST RECOVERY THROUGH CONSTRUCTION WORK IN PROGRESS (“CWIP”) RATEMAKING THROUGH A GENERATION COST ADJUSTMENT (“GCA”) TRACKER MECHANISM UNDER IND. CODE CH. 8-1-8.8; (3) AUTHORITY TO RECOVER COSTS INCURRED IN CONNECTION WITH THE CAYUGA CC PROJECT; (4) APPROVAL OF THE BEST ESTIMATE OF COSTS OF CONSTRUCTION ASSOCIATED WITH THE CAYUGA CC PROJECT; (5) APPROVAL OF CHANGES TO DUKE ENERGY INDIANA'S ELECTRIC SERVICE TARIFF RELATING TO THE PROPOSED GCA TRACKER MECHANISM; (6) APPROVAL OF SPECIFIC RATEMAKING AND ACCOUNTING TREATMENT; AND (7) ONGOING REVIEW OF THE CAYUGA CC PROJECT. |