Chris O'Malley

In a move to delay construction of expensive new generating capacity, Indianapolis Power & Light wants to roll out “smart” electric meters to help customers conserve electricity. The meters would allow for time-of-use electricity pricing that rewards customers with lower rates when they use appliances during off-peak periods. IPL’s so-called demand-side management plan pending before […]

Forget for the moment Brightpoint Inc.’s $344 million loss in the fourth quarter. It was mostly indigestion in the form of a goodwill impairment charge from buying Europe’s biggest wireless distributor in 2007. Just how the recession has gotten Brightpoint’s number is perhaps better reflected in a more mundane measure: After years of torrid gains […]

Local contractors will be ready to pounce when bidding on the first parts of the combined overflow project begins in 2011. They’re hungry for more mega projects following completion last year of the $1.1 billion midfield terminal at Indianapolis International Airport and the $720 million Lucas Oil Stadium. Members of the Indiana Construction Association are […]

Anderson-based I Power Energy Systems, a spinoff of Remy International that makes co-generation power units for buildings, has raised $2 million from investors. The private placement managed by Chicago-based David A. Noyes & Co. sold 16,000 series B convertible units at $125 each. Proceeds will be used in part to introduce products, increase marketing and […]

Anderson-based I Power Energy Systems, a spinoff of Remy International that makes co-generation power units for buildings, has raised $2 million from investors. The private placement managed by Chicago-based David A. Noyes & Co. sold 16,000 series B convertible units at $125 each. Proceeds will be used in part to introduce products, increase marketing and […]

The Central Indiana Corporate Partnership-the parent of the BioCrossroads, TechPoint and Conexus industry cluster initiatives-let it be known last month that there would be a fourth leg to its economic development stool: clean technology. The new initiative is known to insiders as the Indiana Energy Systems Network and has been under the reins of Paul […]

Try to imagine a space large enough to hold as much water as thunders over Niagara Falls in five minutes. Now imagine stashing that water beneath Indianapolis in a cavity nearly as deep underground as the Indiana Soldiers’ and Sailors’ Monument on Monument Circle is high. That’s the goal of city engineers and consultants as […]

Indiana’s share of NASA spending amounts to little more than a shiny penny at the bottom of a clothes dryer. Only $130 million made its way to the state in 2007-virtually nothing compared to the $12 billion the space agency doled out to all states and the $5 billion Indiana companies snagged from the U.S. […]

With commuter trains stuck at the proverbial station despite decades of studies, a businessled coalition is barreling forth with its own plan to study multimodal transportation and related land use. The newly formed Central Indiana Transit Task Force won’t stop at studying opportunities to link rail and buses in the metro area. It will also […]