This settlement builds on a previous agreement from 2012 that required Edwardsport’s shareholders to pay the full construction and start-up costs.
A recent report shows the plant’s capacity factor – the amount of coal the plant is gasifying – was just more than 10 percent for the month of April.
Duke Energy is seeking to recover construction costs for the Edwardsport coal gasification plant in hearings that begin Wednesday.
The Indiana Utility Regulatory Commission recently allowed Duke Energy to pass the costs of building its Edwardsport plant on to its customers.
The bill would require the state regulatory commission to look at the contract again if the state Supreme Court does not uphold it.
The Rockport plant would take coal and process it into various substances, including synthetic natural gas, which burns just like traditional natural gas.
The agreement requires Duke Energy to absorb nearly $900 million for the construction its Edwardsport coal gasification plant.
The plan has natural gas customers paying the difference if the state fails to make a profit off of natural gas purchases.
Duke Energy officials say they have nearly all the factors in place to burn synthetic gas—the main component in the gasification process.
Once completed, Indiana will sell energy from the coal gasification plant in Rockport even if there are cheaper options.