An Indiana lawmaker who opposes a 30-year contract with the developers of a proposed $2.8 billion coal-gasification plant told a House committee Wednesday that the surge in U.S. shale gas production has driven down natural gas prices, leaving synthetic gas projects unfeasible.
James Atterholt was first named utility chief in 2010 to replace David Lott Hardy, who was fired by Gov. Mitch Daniels amid an ethics probe involving Duke Energy Corp.
The Indianapolis-based petroleum refiner plans to use proceeds from the 5.3 million unit stock offering for working capital, acquisitions and possibly the redemption or repurchase of debt.
A Court of Appeals ruling upheld the 30-year contract between developers of the $2.6 billion synthetic gas plant and the Indiana Finance Authority. The agency would buy gas at a pre-negotiated rate and resell it to customers at a fixed rate.
Madison County officials say the proposed Mounds Lake Reservoir in Anderson would improve flood control, create prime real estate and boost economic development.
Summit earned the environmental accolades by including a variety of green-friendly features, including carpeting made from recycling materials, paints with low or no volatile organic compounds, and HVAC and LED lighting systems with energy-efficient controls.
A central Indiana county has given the go-ahead to a proposed $300 million wind farm while also approving restrictions that address concerns about the project's impact on property values.
An Indiana Senate committee on Tuesday approved House Bill 1441, which would make it illegal to sell air-conditioner coils or catalytic converters without proof of ownership.
Indiana's Department of Homeland Security and several divisions of the Department of Natural Resources would have to review the 2,000-acre reservoir proposal, as would the Army Corps of Engineers and the Federal Emergency Management Agency.
Indiana manufacturers and consumer groups opposed to a bill that would make it easier for power companies to raise their rates won concessions Wednesday from House lawmakers.
Purdue University said Tuesday that Indiana farmers received payouts for 2012 corn, soybean and wheat losses that are nearly twice as much as the previous record of $522 million in 2008.
Farm planned for northeast of Indianapolis Motor Speedway will add to sun/wind capabilities.
Member of firm’s emerging energy practice was once president of PSI Energy.
Indianapolis-based CountryMark hopes an Indiana oil field that once was the largest in the United States can be lucrative again.
Government officials alleged Indianapolis-based CountryMark violated the law when the oil refiner expanded operations without obtaining proper permits and installing necessary pollution controls.
For the third time, the Hoosier Environmental Council has filed a federal suit attempting to stop construction of the 142-mile link between Evansville and Indianapolis.
The Indianapolis-based utility said the average residential water customer would see monthly water bills increase from $31 to $34.
Confluence of trends, developments offer special opportunity.
The U.S. Supreme Court appeared likely Tuesday to side with Monsanto Co. in its claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.
The court case poses the question of an Indiana farmer’s actions violated the patent rights held by Monsanto, which developed seeds that survive when farmers spray their fields with Roundup weed-killer. The seeds dominate agriculture, including in Indiana, where more than 90 percent of soybeans are Roundup Ready.
