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Elliott s proposed Duke split untimely, analysts say, as advocates warn of dangerous can of worms

Deep Dive Elliott s proposed Duke split untimely, analysts say, as advocates warn of dangerous can of worms Analysts question why the proposal to split Duke Energy into three companies comes now, when the utility is on an upswing, while ratepayer advocates warn against Elliott Management s outsized role. Published May 20, 2021 Kena Betancur via Getty Images A proposal to break up Duke Energy into three separate companies has analysts scratching their heads, and ratepayer advocates on the fence about its merits. Elliott Management, a top 10 Duke shareholder, on Monday sent a letter to the utility, proposing it split its territories into three separate companies in order to maximize shareholder value, with what Elliott says is the potential to unlock up to $15 billion. Given Duke s share price underperformance over the past decade, and lagging rate base growth relative to its peers, the investor say

Groups ask Governor to veto wetlands bill

4 Indiana Department of Natural Resources.  Connecting Wetlands, Wildlife, and You  Veto request for SEA 389 - 5  The DNR has estimated dollar values for some of the annual benefits wetlands provide:  ●  $1.8 billion in water storage,  ●  $850 million in erosion prevention,  ●  $202 million in water purification, and  ●  support for Indiana’s multi-billion dollar outdoor recreation, hunting, and fishing industries5.  The water storage and water quality functions of wetlands can be replaced by building stormwater infrastructure, but at a substantial cost, and without wildlife, recreation, air quality, and climate benefits. EPA data on the cost of stormwater infrastructure, adjusted to 2021 dollars, show that the least expensive option costs over $86,000 per acre of wetland being replaced6. Preserving existing wetlands saves these construction costs and provides the most cost-effective stormwater management available. 

No clear path ahead for large-scale wind, solar projects - Indianapolis Business Journal

No clear path ahead for large-scale wind, solar projects FREE NEWSLETTERS Wildcat Wind Farm in Tipton County. (IBJ photo/Eric Learned) Much-debated legislation to boost wind and solar farms in Indiana was thwarted during this legislative session, but a key state lawmaker said Thursday he hopes to revive the issue next year to help meet the growing need for renewable energy. “We’ll bring back something,” vowed Rep. Ed Soliday, the bill’s author, as this year’s regular legislative session came to a close. “I don’t know whether it will look like this (bill) or what it will be.”

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