The House Utility Committee approved a bill Wednesday that would send the $2.8 billion project back to regulators for another round of reviews unless the Indiana Supreme Court sides with the project’s developers
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.
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.
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.
A Senate committee is leaving a contentious battle over a proposed $3 billion coal-gasification plant in the Indiana Supreme Court’s hands for now.
The biggest contributor to an $11.8 million loss in 2012 was the wastewater unit it bought from the city the year before.
Senate Utilities Committee chairman Sen. Jim Merritt said Thursday he's delayed until next week a hearing on the bill involving Indiana Gasification LLC's planned $2.8 billion plant in the Ohio River city of Rockport.
Utility wanted to conduct a study to determine how to dispose of carbon dioxide produced by its Edwardsport coal gasification plant.
A top Indiana senator is calling for a review of Indiana's plans to subsidize a proposed coal-gasification plant.
Under the legislation, state utility regulators could order Indiana Gasification LLC to make refunds to gas customers every three years if the price of synthetic gas it produces from coal is greater than the market price of natural gas over the period.
A synthetic natural gas plant proposed downstate need only tweak its contract with would-be gas purchaser Indiana Finance Authority to comply with an October court ruling and to proceed with the project, Indiana Gasification said in a recent filing with the Indiana Court of Appeals. But opponents of the plant, led by Evansville-based gas and electric utility Vectren, immediately objected.
Opponents call the deal too generous to Duke Energy and say it doesn’t protect ratepayers from rising financing costs.
Citizens Energy Group’s multistate transportation and industrial fueling subsidiary would market the gas as an alternative vehicle fuel.
The Wabash Valley Power Association has been reducing its dependence on energy produced from coal—from 95 percent five years ago to 54 percent today. The utility is leaning more on natural gas and even renewable-energy sources like methane from landfills and animal waste.
The Indiana Finance Authority and Indiana Gasification LLC plan to amend a 30-year contract that obligates the state to buy the company's synthetic natural gas. The move is in reaction to an appeals court ruling that reversed regulators' approval of the deal.
The Evansville-based utility estimates all residential gas customers would see their gas bills increase an average of $3.90 per month for eight years—for a total cost of $375 per consumer.
Vectren Corp. has agreed to pay $75,000 in penalties and take other steps in response to a natural gas explosion that destroyed a southern Indiana home and injured five people.
Gas, water and sewer charges will be consolidated into one mailing to reap savings promised in merger of gas, water utilities.
AAA says Indiana's average price of $3.78 per gallon was the seventh-highest in the nation.
Local utility trust Citizens Energy Group plans to sell liquefied natural gas for use in cross-country semi trucks as a lower-cost alternative to diesel fuel.
