Electric

NiSource to split into two publicly traded companies

September 29, 2014
Bloomberg News, Associated Press
Merrillville-based NiSource will continue to provide natural gas and electricity to more than 3 million customers, while Houston-based Columbia Pipeline Group will own 15,000 miles of natural gas transmission pipelines.
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Lykins stepping down as Citizens CEO in 2015

September 24, 2014
Jeff Newman
Carey Lykins has been with Citizens for 42 years, including the past nine as president and CEO. He joined the local utility group as a cashier in 1973 when it was known as Citizens Gas & Coke Utility.
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Second solar farm slated for Indy airport

September 19, 2014
Mason King
Airport officials have agreed to lease about 76 acres of land at the airport to the same private developers who created the current, 44,000-panel field by the Interstate 70 exit.
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State energy trade association replaces longtime leader

September 18, 2014
Jeff Newman
The Indiana Energy Association has appointed former Northern Indiana Public Service Co. President Mark Maassel as president, succeeding longtime leader Ed Simcox, the organization announced Thursday.
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Court: IURC erred in approving Duke fee hike

September 8, 2014
Associated Press
The Indiana Court of Appeals ruled Monday that state utility regulators wrongly approved $61 million in ratepayer fees for the Edwardsport coal gasification plant.
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IPL begins construction on $600M power plantRestricted Content

September 6, 2014
IPL says the plant, adjacent to the Eagle Valley Generating Station, will generate 671 megawatts of electricity more efficiently and with fewer emissions than the retiring coal-fired plant.
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Work progressing on eastern Indiana wind farm

September 2, 2014
Associated Press
Dozens of 320-foot-tall towers are going up in an eastern Indiana county for what will be another wind farm in the state.
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Duke plans $1.9B in upgrades, seeks rate hike

August 29, 2014
Mason King
The electric utility said Friday that its customers would see a gradual rate increase over seven years for the project, designed to reduce power outages and provide high-tech meters.
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New solar farm in Richmond begins generating power

August 26, 2014
Associated Press
Indiana Municipal Power Agency said the 8-acre solar farm on the grounds of Richmond Power and Light contains about 4,000 solar panels. They will generate enough electricity to power about 200 homes.
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Advocate brokers lower IPL rate hike for car-sharing service

August 21, 2014
Kathleen McLaughlin
Indianapolis Power & Light Co. customers would see less of a rate hike for an electric car-sharing program under a settlement agreement negotiated by the Indiana Office of Utility Consumer Counselor.
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IPL moves to drop coal from Harding Street power plant

August 15, 2014
 Associated Press and IBJ Staff
Indianapolis' electricity utility plans to convert its aging Harding Street power plant entirely to natural gas by 2016, after facing growing pressure to do so from environmental groups and politicians.
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Groups want Indianapolis utility to test water

August 11, 2014
Associated Press
Environmental, health and neighborhood groups are calling on the Marion County Health Department to compel Indianapolis Power & Light to test groundwater at eight coal ash lagoons on the city's south side.
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Sierra Club wants Indianapolis coal plant closed

July 23, 2014
Associated Press
The Sierra Club is pressing Indianapolis' local utility to retire an aging coal-fired power plant that's slated to continue burning coal for at least two more decades.
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Job fairs help Duke Energy fill its talent pool

July 23, 2014
Associated Press
The average age of the line technicians who work for Duke Energy Corp. is between 50 and 55 years. Enduring an influx of retirements before it's able to restock its work force with field-ready technicians is a genuine concern.
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Plant shutdown date sparks fight between IPL, grid operator

July 3, 2014
Dan Human
Indianapolis Power & Light Co. says it might have to pay as much as $22 million in extra costs because of contract issues with the Midwest Independent System Operator.
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Concerns raised over possible rate hike for electric cars

June 30, 2014
Alec Gray, The Statehouse File
The Indiana Office of Utility Consumer Counselor and Rep. Cherrish Pryor are both voicing concerns about a potential rate increase proposed by Indianapolis Power & Light that could help fund some of the start-up costs for the BlueIndy electric-car-sharing project.
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Agency opposes hike for electric carsRestricted Content

June 28, 2014
 IBJ Staff
David Stippler, whose job is to advocate for utility consumers, thinks Mayor Greg Ballard’s quest to have Indianapolis Power & Light customers pay the startup costs for an electric-car-sharing service sets a dangerous precedent.
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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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State agency fights utility rates for electric cars

June 20, 2014
Associated Press
Indianapolis Power & Light Co. has requested a rate increase to help pay for its part in setting up charging stations for electric cars that drivers could rent as part of the BlueIndy program, a partnership between the city and the France-based Bollore Group.
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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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Utility watchdog: Ending efficiency program 'short-sighted'

June 3, 2014
Associated Press
The leader of Citizens Action Coalition said Indiana lawmakers put the state at a disadvantage when they passed a bill killing an energy-efficiency program that could have helped the state meet the new federal carbon-emission goal by 2030.
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State approves rate hike for Citizens Thermal

May 21, 2014
Dan Human
Citizens Energy Group will raise rates for about 250 customers that use the utility’s steam and chilled water services.
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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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IBM, NiSource reach $600 million agreement

May 13, 2014
Associated Press
The seven-year agreement includes the creation and management of a hybrid cloud-computing system that would enable NiSource to continue to deliver services to its customers.
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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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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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