Energy & Environment

Indianapolis-area mergers and acquisitions in 2011Restricted Content

January 21, 2012
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from MacAllister Machinery's purchase of a Caterpillar dealership in Michigan to Herff Jones' acquisition of a Memphis, Tenn.-headquartered maker of cheerleading uniforms.
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Hoosier Environmental Council monitoring three bills in General AssemblyRestricted Content

January 21, 2012
Chris O'Malley
The state’s largest green group is seeking changes to measures it says could strip funding and oversight for environmental protection.
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Poet LLC putting plan for ethanol pipeline on hold

January 20, 2012
Associated Press
The nation's largest ethanol company announced Friday that it is putting on hold its plan to build a dedicated 1,800-mile ethanol pipeline because of the lack of prospects for a federal loan guarantee.
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Price of Indiana farmland at a premiumRestricted Content

January 14, 2012
Sam Stall
A once-in-a-generation combination of strong grain prices, high farm incomes and unprecedented interest in commodities investments has caused prices for agricultural acreage to skyrocket.
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ProLiance might go on blockRestricted Content

January 14, 2012
Chris O'Malley
Indianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake in the company.
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Bill seeks elected utility consumer counselor

January 9, 2012
 IBJ Staff
A legislator is proposing that Indiana’s utility consumer counselor be elected rather than appointed by the governor.
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Seats from Bush Stadium to live on at bus stopsRestricted Content

January 7, 2012
Cory Schouten
A local group has partnered with IndyGo to pay homage to one of the city’s great sports landmarks by installing Bush Stadium's seats at bus stops all over the city.
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Ethanol makers shrug off expiration of key tax credit

January 6, 2012
Chris O'Malley
It looks like motorists, not ethanol makers, stand to feel the pain of a federal tax credit that expired at the end of last year.
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Bugs may be resistant to genetically modified corn

December 29, 2011
Associated Press
One of the nation's most widely planted crops — a genetically engineered corn plant that makes its own insecticide — may be losing its effectiveness because a major pest appears to be developing resistance more quickly than scientists expected.
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State unlikely to revive natural-gas grandeurRestricted Content

December 24, 2011
Sam Stall
Indiana was once the world’s capital for natural-gas production, but recent advances in drilling and resource-recovery technology are not likely to revive those glory days anytime soon because of a combination of human-made and natural obstructions.
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Neighborhood eyesore headed for demolition

December 19, 2011
Francesca Jarosz
The city is soliciting bids from companies to tear down four buildings on the 16-acre Avanti Development Corp. property, which is tucked in a residential area a few miles west of downtown Indianapolis.
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Vectren locks out union workers in dispute

December 17, 2011
Associated Press
Vectren has locked out 270 union workers at several Indiana worksites after the union rejected a proposed three-year-contract.
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City avoids foreign brands in adding to its fleet of hybrid vehiclesRestricted Content

December 17, 2011
 IBJ Staff
The Department of Public Works bought Ford Fusion hybrids after the purchase of Toyota's a few years ago stirred controversy.
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Grand jury indicts former state utilities chief Hardy

December 12, 2011
Chris O'Malley
David Lott Hardy, who was fired from his job as chairman of the Indiana Utility Regulatory Commission in 2010, is accused of official misconduct.
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Environmental group to focus legislative efforts on energy savings, transitRestricted Content

December 10, 2011
Chris O'Malley
Led by Jesse Kharbanda, the Hoosier Environmental Council is keeping its agenda lean to boost chances for success in short session.
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Hoosier Environmental Council joins forces with upstate advocacy groupRestricted Content

December 10, 2011
 IBJ Staff
Valparaiso-based Legal Environmental Aid Foundation will help HEC extend its reach.
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Downtown getting blast-resistant manhole covers

December 9, 2011
Associated Press
Utility crews are installing about 100 new manhole covers in downtown Indianapolis that are designed to reduce the extent of damage from underground explosions and fires.
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Bad weather for some Indiana crops helped vineyards

December 6, 2011
Associated Press
Purdue University wine experts say lousy growing conditions this year for some Indiana crops proved ideal for the state's vineyards.
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Land gift preserves 40 acres in Indianapolis suburbs

December 5, 2011
 IBJ Staff and Associated Press
The donation to the Central Indiana Land Trust comes from farmer Van Eller, who lived most of his life on the land now surrounded by Fishers and Carmel subdivisions before he died last year at age 89.
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Two Indiana environmental groups merging

December 4, 2011
Associated Press
The Hoosier Environmental Council and the Valparaiso-based Legal Environmental Aid Foundation say they're merging in hopes of advancing environmental issues in Indiana.
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Investors in Midwest Energy Partners await gusherRestricted Content

December 3, 2011
 IBJ Staff
The company raised $4.6 million to drill for oil in southwestern Indiana and southern Illinois.
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Ford sees EV potential in Indianapolis

November 29, 2011
Chris O'Malley
Ford touts new models of electric and hybrid vehicles in seminar co-sponsored by the Greater Indiana Clean Cities Coalition, which promotes alternative fuels.
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Plans delayed for wind farm near Purdue University

November 29, 2011
Associated Press
An Indianapolis developer says it is still trying to arrange financing to build wind turbines on farmland owned by Purdue University and nearby privately owned property in West Lafayette.
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Regulators approve deal on $2.65B gasification plant

November 22, 2011
Associated Press
Indiana regulators have approved plans for a $2.65 billion coal gasification plant at the Ohio River city of Rockport and a state agency's 30-year contract to buy its synthetic natural gas.
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Citizens to convert downtown steam plant from coal to gas

November 16, 2011
 IBJ Staff
Citizens Energy Group plans to switch the primary power source for its Perry K Steam Plant in downtown Indianapolis from coal to natural gas, the utility announced Wednesday. The conversion will cost about $9 million.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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