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Duke buys rest of East Bend power plant <br />Associated Press and The Enquirer <br />Photo Enquirer tire) <br />FRANKFORT — The Kentucky Public Service Commission has approved a transaction that makes Duke Energy the sole owner of <br />the East Bend Station electric power plant in Boone County. <br />The PSC says Duke Energy Kentucky purchased the minority interest in the plant that was held by Dayton Power & Light Co. of <br />Ohio. The commission authorized Duke Kentucky to purchase DP&L's 31 percent interest in the plant for $12.4 million. The 650 - <br />megawatt coal-fired plant is about 10 miles west of Florence, across the Ohio River from Rising Sun, Indiana. <br />Duke stated in its application that the purchase will offset the loss of generating capacity with next year's expected retirement of <br />the coal-fired Miami Fort unit in North Bend. <br />As part of a settlement with the Kentucky Attorney General's office, Duke agreed that it will not file for a rate increase before <br />2016. <br />