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:
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 (click here) 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: If an online information source is not working, check the Tracker inventory page for an updated link.