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IBJ should better research the reasoning behind this bill before jumping to these conclusions. I attended the January Hendricks County Legislative Breakfast and had my eyes opened as to the reasoning behind this bill, which [admittedly] I thought was confusing at best.
The facts behind it are that the Indiana Regulatory Commission is doing its job protecting consumers from unreasonably-high electric bills. Not so much because coal is cheap, but because the costs of alternative fuel sources are currently supported by government incentives because those alternates are not economically viable in and of themselves YET. Should those incentives go away and coal plants have been shut down in the interim, electric costs will skyrocket.
The purpose of the bill is to keep those coal-fired plants open, or at least available, until such time as alternate fuel sources are economically viable without government subsidies. The Indiana Regulatory Commission is doing its job protecting consumers from what is a regulated monopoly; the electric-generating industry.
IBJ and all those looking at this as an indicator of Indiana’s backwardness ought to be thankful that the Indiana Regulatory Commission is doing its job protecting consumers, rather than rushing to judgment to carp about Indiana’s alleged environmental backwardness.