Review of Duke-Cinergy Merger
On behalf of the Citizens Action Coalition of Indiana, Synapse reviewed a number of aspects of the proposed Duke-Cinergy merger to gauge its impact on PSI's retail ratepayers. The analysis included a comparison of existing ratepayer protections in place since the 1994 merger that created Cinergy, a critique of the proposed merger savings allocation between ratepayers and shareholders, and recommendations for PSI to strengthen energy efficiency commitments and maintain customer service and reliability post-merger. Testimony was filed before the Indiana Utility and Regulatory Commission on November 8, 2005. Project completed in January 2006.