Energy & Environment

Ohio plant eyes Indiana to avoid environmental rule

June 23, 2010
Associated Press
Ohio's governor has asked state environmental regulators to come up with a way to save 214 jobs at a northwest Ohio plant that is considering a move to Indiana.
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Indiana's biggest private companies majored in the basics in 2009Restricted Content

June 19, 2010
Martha P. Allan
Health care, plastics, other fundamental consumer needs kept some companies on upswings.
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IPL mulling hydroelectric power on Ohio RiverRestricted Content

June 19, 2010
Chris O'Malley
Expecting to be burned by greenhouse gas legislation that will make electricity generated from coal costly, Indianapolis Power & Light is studying whether to buy power from two hydroelectric projects proposed for the Ohio River, near Evansville.
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Carmel-based power provider receives $5M federal grant

June 16, 2010
The Indiana Municipal Power Agency will use funds through the American Recovery and Reinvestment Act to retrofit streetlights in 20 communities that it serves.
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Young workers help Indiana parks during cutbacks

June 14, 2010
Associated Press
Indiana Department of Natural Resources spokesman Phil Bloom said the 1,665 young workers hired by the DNR will help seasonal workers with important maintenance work at many of the state's 24 state parks and dozens of other properties.
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Group forms to protect Pleasant Run watershed

June 12, 2010
 IBJ Staff
Led by Sky Schelle, east-side residents have formed The Friends of Pleasant Run.
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Water, sewer sale clears another hurdle

June 11, 2010
 IBJ Staff
The $1.9 billion deal still needs the OK of the City-County Council and state regulators.
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Indiana to turn 43,000 acres into wetlands area

June 10, 2010
Associated Press
Together, the combined acreage of the two habitat conservation areas will be the largest project ever undertaken by the state Department of Natural Resources, Daniels said.
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Lugar's energy bill winning support

June 10, 2010
Bloomberg News
Lugar's bill may be able to muster the 60 votes needed for Senate passage because it wouldn't cap emissions or expand offshore drilling, two controversial issues in the Senate.
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Urban farmer in Indianapolis hopes he's the first of many

June 5, 2010
Norm Heikens
Matthew Jose figures that if enough people follow him into urban farming, vacant and abandoned property will flourish with productivity, consumer diets will improve, and worn neighborhoods will get new life.
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Indiana contractors scramble for certification to remove leadRestricted Content

June 5, 2010
Norm Heikens
New U.S. Environmental Protection Agency rules force precautions on paint chips, dust.
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EnerDel's potential luring backers despite steep lossesRestricted Content

June 5, 2010
Peter Schnitzler
The parent of locally based lithium-ion battery maker EnerDel is putting together hundreds of millions of dollars in financing to fund a business plan that could bring revenue to nearly $1 billion within five years.
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Anti-development property owner gives homestead to local land trust

June 1, 2010
Kathleen McLaughlin
A 16-acre wood nestled against the White River and surrounded by the Keystone at the Crossing shopping center will become a public nature preserve.
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Performance Services guarantees City-County Building energy savings

May 29, 2010
Chris O'Malley
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable market.
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Indiana 4 to 6 weeks behind its weatherization goal

May 23, 2010
Associated Press
The delay is pushing back the release of the second half of the $132 million in stimulus funds the state got for energy-saving retrofits to homes of thousands of low-income residents.
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Wind energy jobs sought at Dallas trade show

May 19, 2010
 IBJ Staff
An economic development squad is heading to Dallas to woo wind-energy firms. Indiana ranked second in the nation last year in adding wind-generating capacity.
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State cites Veolia Water over safety concerns

May 17, 2010
Chris O'Malley
Veolia Water is contesting three "serious" safety penalties involving a gas line strike. IOSHA alleges utility failed to instruct employees and properly determine location of lines.
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IPL settles $190M dispute, resumes wind farm project

May 17, 2010
Chris O'Malley
Indianapolis Power & Light tilted at wind farm developer by terminating its contract. Now a new agreement avoids the potential $190 million in damages enXco sought against the local utility.
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Duke Energy downsizes smart-grid plansRestricted Content

May 15, 2010
Chris O'Malley
Duke Energy has dramatically scaled back its proposed "smart" electric grid rollout, five months after regulators rejected an initial, $445 million plan.
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CountryMark acquires oil wells in southern Indiana

May 12, 2010
J.K. Wall
Indianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the Illinois basin.
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MOUNAYAR: Indianapolis should rediscover public spaces

May 8, 2010
Michel Mounayar
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
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Veolia concessions worry regulatorsRestricted Content

May 8, 2010
Chris O'Malley
Testimony filed in Indianapolis Water Co.'s rate case shows the city in 2007 agreed to take on millions of dollars in costs from the private firm it hired to operate the utility, including $48 million in retiree medical plan obligations.
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Study: Indiana shows long-term decrease in air toxicsRestricted Content

May 8, 2010
Chris O'Malley
IDEM says in its newly released “ToxWatch” report that the level of air toxics over the last decade has “decreased to within levels acceptable to the U.S. EPA.
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Indiana has millions to pass out for renewable energy projects

May 8, 2010
 IBJ Staff
The federal money is for renewable energy systems, energy-efficiency improvements, energy audits and renewable-energy feasibility studies.
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U.S. farmers planting corn at record pace

April 26, 2010
Bloomberg News
U.S. corn farmers may have planted more acres last week than in any week ever as dry weather and more-productive equipment sped up fieldwork.
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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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