Coal

Vectren selling its coal-mining subsidiary for $296M

July 2, 2014
Associated Press
One of Indiana's largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners' jobs at risk.
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Justices limit existing EPA global warming rules

June 23, 2014
Associated Press
The Supreme Court on Monday placed limits on the sole program already in place to deal with power plant and factory emissions of gases blamed for global warming. The decision does not affect EPA proposals for first-time national standards for new and existing power plants.
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AG won't appeal ruling clearing ex-utility chief

June 5, 2014
Associated Press
A court decision dismissing ethics charges against former Indiana Utility Regulatory Commission Chairman David Lott Hardy will stand.
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EPA official: Carbon rules built on methods in use

June 4, 2014
Associated Press
The agency's strategy is built around four existing approaches, including energy-efficiency programs and adoption of renewable energy such as wind or solar power.
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IPL gets green light for Harding Street, Martinsville projects

May 14, 2014
 IBJ Staff
State utility regulators on Wednesday gave Indianapolis Power & Light Co. the go-ahead to begin work on two high-profile power projects at a cost well over $600 million.
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Obama climate rules unlikely to wait until after election

May 7, 2014
Associated Press
Within weeks, President Barack Obama's administration is set to unveil unprecedented emissions limits on power plants across the U.S., much to the dismay of many Democratic candidates who are running for election in energy-producing states.
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Edwardsport plant rebounds in March after flat February

April 1, 2014
Dan Human
After two months of meager output that sparked scrutiny from the state and consumer groups, the controversial power plant sprung back to life in March, Duke Energy Indiana says.
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Ball State prepares to idle its coal-fired boilers

March 19, 2014
Associated Press
Ball State University officials are preparing to stop burning coal at the campus steam plant as the school pushes ahead with its partial conversion to geothermal energy.
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Agency: Duke plant consumed more energy than it produced

March 13, 2014
Dan Human
The state's Office of the Utility Consumer Counselor is trying to put the brakes on Duke Energy Indiana's request for $1.5 million related to expenses at its Edwardsport coal-gasification plant.
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Coal train makes final delivery to Perry K Steam Plant

March 10, 2014
Associated Press
Once that coal is gone, the plant will be fueled by natural gas. Three of the plant's boilers have already been converted to natural gas and the final boiler will be converted by June.
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Duke's Edwardsport plant slows to crawl in January

March 5, 2014
Dan Human
Mechanical problems caused Duke Energy Indiana's $3.5 billion power plant in Edwardsport to generate a mere 4 percent of its maximum capacity in January.
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Bottleneck bedevils Indiana's mighty wind turbinesRestricted Content

February 15, 2014
Dan Human
Lack of transmission lines keeps green energy from flowing to the Midwest.
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State's top court gives Rockport developer a victory

December 17, 2013
 The Statehouse File
The state's high court ruled unanimously Tuesday that an alteration of the contract the plant's developers signed with the Indiana Finance Authority did not constitute a significant change.
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Indiana in natural gas dilemmaRestricted Content

November 16, 2013
Dan Human
'Fracking' has made natural gas cheap and abundant, but prices could rise with demand, costing consumers.
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Indiana coal industry battling EPA plant limits

November 6, 2013
Associated Press
Members of Indiana's coal industry and business community are heading to Chicago this week to fight against new limits on coal-fired plants they say would cost hundreds of jobs across the state.
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IDEM chief: Fed rules essentially ban new coal plants

October 30, 2013
Associated Press
The commissioner of the Indiana Department of Environmental Management, Thomas Easterly, told lawmakers that the pending federal regulations will essentially rule out coal-fired power plants that currently generate much of the state's electricity.
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Ruling: Indiana failed to study mine's water impacts

September 18, 2013
Associated Press
An environmental law judge has found that Indiana failed to fully assess the impact of coal waste runoff on local waterways when it issued a permit for a southwestern Indiana surface coal mine that's the largest such mine east of the Mississippi River.
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Indiana Supreme Court takes up case between state, utility

September 5, 2013
Associated Press
Contract law dominated an Indiana Supreme Court hearing over an agreement requiring the state to buy synthetic natural gas from a private plant and resell it on the open market.
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State justice denies motion to recuse himself

August 14, 2013
Indiana Lawyer Staff, Dave Stafford
Despite close ties to the project manager of the Rockport coal-gasification plant, Indiana Supreme Court Justice Mark Massa has decided to hear a pending case on the project.
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State approves $511M in IPL upgrades

August 14, 2013
Dan Human
Indianapolis Power and Light Co. plans to revamp coal plants in Indianapolis and Petersburg to comply with federal rules. State regulators gave the go-ahead on Wednesday, setting the stage for a potential rate hike.
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Regulators: JPMorgan owes $410M for price manipulation

July 30, 2013
Associated Press
The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from two power grid operators, including the Midcontinent Independent System Operator, which is based in Carmel.
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Buffett says coal’s decline in U.S. to be gradual, yet permanent

July 25, 2013
Bloomberg News
Coal use in the United States will continue to fall, though the slide will be gradual as electric utilities switch to cleaner alternatives over “years and years,” billionaire Warren Buffett said at an event in Carmel this week.
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Troubled Indiana gasification plant begins operation

June 10, 2013
Associated Press
Duke Energy said that its $3.5 billion, high-tech 618-megawatt plant near Vincennes will produce 10 times as much power as a former plant but emit about 70 percent less pollution.
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Indiana court wades into coal gas plant dispute

June 6, 2013
Associated Press
The state Supreme Court agreed Thursday to step into a legal fight between backers and opponents of a proposed $2.8 billion coal-gasification plant in southwestern Indiana.
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Sierra Club puts Harding coal plant in crosshairs

June 1, 2013
The Sierra Club wants the Indiana Utility Regulatory Commission to block an IPL plan to spend $511 million on pollution controls at its 39-year-old Harding Street plant, plus a four-unit station in the southwestern Indiana town of Petersburg.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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