Subsidy Tracker Individual Entry

Company: 
Duke Energy
Parent Company: 
Duke Energy
Subsidy Source: 
local
Location: 
Indiana
City: 
Edwardsport
County: 
Knox
Project Description: 

coal gasification plant

Year: 
2006
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
utilities
Subsidy Value: 
$204,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$3,500,000,000
Source of Data: 

The estimated subsidy value and investment projection were taken from: The Edwardsport IGCC Plant: A monument to cost overruns, concealment, mismanagement and malfeasance (Sierra Club, Citizens Action Coalition, Save the Valley Inc. and Valley Watch, January 2013); online at http://www.citact.org/Duke-Report-Nov-2012

Notes: 

In April 2006 the Knox County Council awarded a ten-year property tax abatement and tax increment financing status to the Duke Energy plant, which is formally known as the Edwardsport Integrated Gasification Combined Cycle Generating Facility (IGCC). The project also received federal and state tax credits, the values of which are not included here. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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