Duke Energy, Vectren seek approval for Indiana power plant - MarketWatch

Duke Energy, Vectren seek approval for Indiana power plant - MarketWatch:

"Duke Energy Corp. (DUK) and Vectren Corp. (VVC) said Thursday they have applied for approval from state regulators for a power plant in southwestern Indiana that would produce less pollution and cost more than $1 billion to build.
The companies have not yet made a final decision on building the facility at the site of a current coal-burning power plant in Knox County, about midway between Evansville and Terre Haute.
Duke said it expected to make a decision next year on the project - estimated to cost between $1.3 billion and $1.6 billion. Construction could begin in mid-2007, depending on the Indiana Utility Regulatory Commission's review."