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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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