IBJNews

Indiana court wades into coal gas plant dispute

Back to TopCommentsE-mailPrintBookmark and Share

The state Supreme Court agreed Thursday to step into a dispute between backers and opponents of a proposed $2.8 billion coal-gasification plant in southwestern Indiana.

The justices said they will hear Indiana Gasification LLC's appeal of a lower court ruling invalidating a section of the company's contract with the Indiana Finance Authority. The contract required the state to buy the plant's synthetic gas at a fixed rate and resell it on the open market for a 30-year period, with Indiana utility customers receiving the profits or shouldering the losses.

"This is just what I expected it to do. And then the next step will be taken, whatever that is," said Senate Utility Committee Chairman Jim Merritt, R-Indianapolis.

Legislation approved in April requires the Indiana Utility Regulatory Commission to consider new ratepayer protections that were not initially in place when regulators first approved the deal. Opponents of the Rockport plant, including natural gas utility Vectren Corp, said the contract would cost Indiana utility customers as much as $1.1 billion in higher rates. The 30-year deal would tie 17 percent of Hoosier gas users' bills to the Rockport plant's rate.

Developers suspended work on the plant days after the bill's passage and said that the project was effectively dead. A spokesman for the developers did not return a phone call seeking comment Thursday.

Vectren spokesman Mike Roeder said both sides had asked the high court to step into the dispute.

"I guess I view it as another step in the process," he said.

The plant about 30 miles east of Evansville, which is also run by New York-based Leucadia National Corp, would turn coal into synthetic natural gas.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  2. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  3. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  4. First off, it's "moron," not "moran." 2nd, YOU don't get to vote on someone else's rights and freedoms that are guaranteed by the US Constitution. That's why this is not a state's rights issue...putting something like this to vote by, well, people like you who are quite clearly intellectually challenged isn't necessary since the 14th amendment has already decided the issue. Which is why Indiana's effort is a wasted one and a waste of money...and will be overturned just like this has in every other state.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

ADVERTISEMENT