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Developers: Law will likely kill coal-gas plant

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Developers say legislation passed by Indiana lawmakers requiring regulators to review a $2.8 billion coal-gasification plant to be built in southwest Indiana will likely kill the project.

Indiana Gasification LLC project manager Mark Lubbers told the Evansville Courier & Press that developers wouldn't have tried to build the plant at Rockport if the law passed early Saturday morning had been in place.

Lubbers says even a win in the Indiana Supreme Court, which is reviewing the state's deal with developers, wouldn't save the project.

The contract would mandate the state buy and resell synthetic natural gas produced at the plant over the next 30 years. Opponents say that deal could cause ratepayers to eat as much as $1.1 billion in increased utility rates.

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  • Pull the Plug
    Lubers is yet another corporate exec who wants to tap into the public trough. Let this project die and good riddance to bad rubbish. There is no such thing as clean coal whether you turn it into gas or not.
  • GOOD RIDDANCE!!!
    Thank God this bill passed and will kill this plant. What a fleecing of Hoosier taxpayers this would have been.
  • Good Riddance
    The oppentents are right. This was not in the best interest of the environment or the utility payers.
  • Tammany Hall
    Good do away with the Banana Republic corrupt business risk shifted to the rate-payors by politicians/lunkheads. If it is a good deal let the FREE HAND of the Marketplace determine it and investor be aware. "The way to have Power is to take it" ---William "Boss" Tweed----

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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