Energy & Environment

Central Indiana county not blocking wind farm plans

May 7, 2013
Associated Press
Delaware County commissioners decided Monday that they won't take immediate action on a moratorium to block a proposed wind farm.
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Indiana farmers still far behind planting corn crop

May 7, 2013
Associated Press
The federal government's weekly crop report says 8 percent of the Indiana corn crop was planted as of Sunday, well behind the 82 percent planted by the same time last year.
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Indiana firms lose ground on Fortune 500 list

May 7, 2013
Mason King
Five of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year's list of the largest U.S. companies.
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Inquiry targets cellphone subsidiesRestricted Content

May 4, 2013
Dan Human
State officials want to know how an Oklahoma City company managed to set up 30,000 Indiana accounts for a federally subsidized phone program in less than a year. The Indiana Utility Regulatory Commission has launched an investigation into whether TerraCom LLC is repeating federal violations it allegedly committed in Oklahoma.
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IPL's $631M power plant to start construction in 2014

May 1, 2013
Mason King
Plans for the plant, officially announced Wednesday, call for an environmentally friendly facility outside of Martinsville that could produce 650 megawatts of power. Construction could employ 660 workers.
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Ag experts advising patience for Indiana corn farmers

May 1, 2013
Associated Press
As of Sunday, farmers in Indiana had planted just 1 percent of the corn crop, compared with the five-year average of 30 percent by the end of April, according to the U.S. Department of Agriculture.
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Developers suspend most Rockport gas plant work

April 30, 2013
Associated Press
Indiana Gasification project manager Mark Lubbers told the Evansville Courier & Press that neither the General Assembly nor Gov. Mike Pence support the project.
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Anderson loses 'Tree City' status after 21 years

April 29, 2013
Associated Press
Anderson's title, first granted in 1991, appears to have been lost due to issues with paperwork. The status is awarded by the Arbor Day Foundation and others to recognize cities with viable tree-management plans and programs.
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Developers: Law will likely kill coal-gas plant

April 27, 2013
Associated Press
Indiana Gasification LLC project manager Mark Lubbers said developers wouldn't have tried to build the plant at Rockport if the law passed early Saturday morning had been in place.
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Plan for massive reservoir finding more support

April 24, 2013
Associated Press
Hundreds of residents gathered at Daleville High School on Tuesday night to hear about the proposed Mounds Lake Reservoir, a 2,100-acre project that could cost as much as $400 million to build.
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EPA eyes repairs to underground Indiana waste barrier

April 17, 2013
Associated Press
Work to rebuild a defective underground barrier designed to hold back tainted soil and groundwater at the site of a former auto parts plant should hopefully begin this year, the site's federal manager says.
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UPDATE: Lawmakers with ties to $2.8B plant dilute measures

April 16, 2013
Associated Press
Two Indiana lawmakers have spent the legislative session watering down opposition to a proposed $2.8 billion coal-gasification plant that would likely benefit their employers.
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Lawmaker seeks relief for fed-up water customers

April 11, 2013
Kathleen McLaughlin
As citizens of Zionsville, residents of the Royal Run subdivision have had little recourse against the Whitestown-owned water utility that charges them 78 percent more than its customers to the north.
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Power producer to build new HQ in Bloomington

April 11, 2013
Mason King
Hoosier Energy will invest about $27 million in 83,000-square-foot facility. The city of Bloomington has approved a 10-year tax abatement for the project.
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Simon taps Pace bonds to fund energy projects

April 8, 2013
Bloomberg News
Indianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings systems using so-called Pace financing.
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City to buy key parcel for 16th Street tech corridorRestricted Content

April 6, 2013
Scott Olson
The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s targeting as the centerpiece of its ambitious 16 Tech project.
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Duke rolls out new Indiana economic development plan

April 5, 2013
Associated Press
The state's largest power company says it's revamping its Indiana economic development program to improve opportunities for communities to attract jobs and capital investment.
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Developers say bill would kill Indiana coal-gas plant

April 4, 2013
Associated Press
The House Utility Committee approved a bill Wednesday that would send the $2.8 billion project back to regulators for another round of reviews unless the Indiana Supreme Court sides with the project's developers
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Developer plans solar farms on 286 acres in southern Marion County

April 2, 2013
Dan Human
A Minnesota firm with a 15-year contract with IPL wants to install solar panels and power stations on two different sites as part of a $50 million-plus project.
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Indiana bottle maker pushing for refund law

April 2, 2013
 IBJ Staff and Associated Press
A central Indiana company that makes glass bottles and jars is urging state lawmakers to pass legislation requiring refundable deposits on beverages sold in recyclable bottles and cans.
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Business videotaping ban clears Indiana House panel

March 28, 2013
Associated Press
Taking videos and photos at Indiana farms and factories without permission would be a crime under a proposal endorsed 9-3 Thursday by the House agriculture committee.
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GOP strategist Matalin speaks out against 'ag-gag' bill

March 28, 2013
Associated Press
Republican pundit Mary Matalin is among several celebrities lobbying Indiana lawmakers to oppose a bill banning filming at farms and factories.
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Indiana lawmaker: Coal-gas plant no longer feasible

March 27, 2013
Associated Press
An Indiana lawmaker who opposes a 30-year contract with the developers of a proposed $2.8 billion coal-gasification plant told a House committee Wednesday that the surge in U.S. shale gas production has driven down natural gas prices, leaving synthetic gas projects unfeasible.
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Pence reappoints Atterholt chief of utility commission

March 27, 2013
Associated Press
James Atterholt was first named utility chief in 2010 to replace David Lott Hardy, who was fired by Gov. Mitch Daniels amid an ethics probe involving Duke Energy Corp.
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Calumet goes back to market with public offering

March 26, 2013
 IBJ Staff, Associated Press
The Indianapolis-based petroleum refiner plans to use proceeds from the 5.3 million unit stock offering for working capital, acquisitions and possibly the redemption or repurchase of debt.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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