Coal mining in distress? Not to this Fishers startup
American Resources Corp., formed in 2015, specializes in buying distressed coal assets from struggling or bankrupt coal operators.
Utilities
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Duke Energy to create corrective plan for Indiana coal ash ponds
Cleanup options include excavating ponds or capping the ponds and keeping the ash in place. Both methods require steps to be taken to protect the water quality of nearby rivers or lakes.
Indiana coal mine to close this spring, costing 80 jobs
White Stallion Energy of Evansville says workers will be given the chance to transfer to one of the company’s other mine sites.
Utility planning 3 wind farms in shift to renewable energy
The farms stretching over four counties and a portion of central Indiana would have nearly 300 wind turbines that could be spinning as early as 2020.
Indiana ports see big jump in cargo shipments
The record amount of cargo was due in large part to increases in shipments of coal, soy products, grain and steel.
NineStar Connect closes $4M acquisition of local water utility
As part of the acquisition, NineStar Connect agreed to run high-speed fiber to each home and business in the Gem Water Utility territory.
Electrical contractor Gaylor plans Noblesville expansion, 20 hires
Gaylor Electric would spend $4.4 million to build a 49,000-square-foot prefabrication facility. It has requested tax incentives on the project that would save it more than $500,000.
Jim Rogers, former CEO of Duke and PSI Energy, dies at 71
Rogers’ path to building the nation’s largest electric utility began in 1988, when he took over struggling PSI Energy in Indiana.
Indianapolis Power & Light searching for new CEO
Craig Jackson, who took over executive leadership of Indianapolis Power & Light in February as part of a corporate restructuring by parent AES Corp., plans to resign at the end of the month.
State programs aimed at cutting energy usage aren’t enough, critics say
Indiana, one of the largest per-capita energy consumers in the nation, ranks 40th among states for energy efficiency, according to the American Council for an Energy-Efficient Economy.
Indiana utility faces criminal probe in natural gas explosions
Federal prosecutors are conducting a criminal investigation into the natural gas explosions and fires that rocked three communities near Boston in September, killing one person and injuring 25 others.
Two hearings set on Indiana American Water rate hike request
The utility is seeking a nearly 17 percent rate increase to help pay for more than $542 million of infrastructure investments.
Former IPL chief executive lands job at state’s largest bank
Rafael Sanchez, who left his job as president and CEO of Indianapolis Power & Light Co. this year as part of a corporate restructuring, has been hired by another of Indiana’s corporate heavyweights.
Citizens floats 27 percent hike in sewer rates, 2 years after previous increase
State regulators approved a 30 percent increase from Citizens in 2016. The utility now says it needs to raise rates to continue funding its massive DigIndy tunnel system project.
New York seeks to force Indiana, other ‘upwind’ states to upgrade pollution technology
The state of New York is blaming 49 industrial sites in Indiana—and hundreds of other sites across the Midwest—for causing it to miss ozone air-pollution requirements.
DigIndy tunnel project half-completed, $400M under budget, utility says
Citizens Energy gave an update Monday on the the massive, $2 billion project, which involves a network of tunnels hundreds of feet under the city to handle sewage that would otherwise spill into local waterways.
Early 5G rollout in Indianapolis gives city wireless advantage
The buzzword in mobile is 5G—the newest generation of wireless service that promises more speed and better connectivity for smartphones, internet-connected devices and even autonomous cars.
NIPSCO making plans to retire its coal-fired power plants
Northern Indiana Public Service Co. says it's considering retiring four of its five remaining coal-fired electricity-generating units within five years and the other within a decade.
Water utility seeks rate hike for $542M in infrastructure
Indiana American Water, which provides water services to 1.3 million people in Indiana, has requested a nearly 17 percent rate increase.
Maryland plans to appeal EPA denial of petition involving Indiana plants
Maryland contends the power plants in Indiana, Kentucky, Ohio, Pennsylvania and West Virginia are violating the “good neighbor” provision of the Clean Air Act.