Energy & Environment

Biofuel fraud case shines light on Imperial CEO

September 19, 2013
Dan Human
Federal prosecutors say Jeffrey Wilson did not initially know about a fraud scheme in Imperial Petroleum's new subsidiary, E-Biofuels, but allowed the deception to continue once he did, costing investors tens of millions of dollars.
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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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Biofuels firm's fraud cheated victims of $100M, feds say

September 18, 2013
Dan Human
Federal prosecutors announced charges Wednesday related to an investigation of E-biofuels LLC in Henry County, alleged to be the largest instance of tax and securities fraud in state history.
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Duke Energy stops insuring retirees, joining trend

September 18, 2013
Associated Press
The country's largest electric company last week began notifying about 14,500 retirees of Duke Energy and predecessors or subsidiaries in North Carolina, South Carolina, Florida, Ohio, Indiana and Kentucky.
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Residents protest proposed central Indiana power plant

September 12, 2013
Associated Press
Dozens of people packed a Morristown council meeting to speak out against an energy company's proposal to build a $500 million power plant.
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Indiana corn deteriorating under hot, dry conditions

September 11, 2013
Associated Press
A Purdue Extension corn specialist says the combination of dry weather and extreme heat during critical weeks for kernel-weight development is causing Indiana's once-thriving corn crop to decline.
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Indiana wants Hardy misconduct charges reinstated

September 9, 2013
Associated Press
The state will appeal a ruling that threw out four felony counts of official misconduct against Indiana's former top utility regulator, the attorney general's office said Monday.
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Tesla luxury electric car seeking outpost at Fashion MallRestricted Content

September 7, 2013
Scott Olson
Tesla Motors Inc. is eyeing space in the Fashion Mall at Keystone and is seeking a zoning variance to sell cars there and to install charging stations within the parking garage.
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Groups want plant cost rulings overturned

September 6, 2013
Associated Press
Environmental and consumer groups are asking the Indiana Court of Appeals to overturn state regulators' decisions to pass onto Duke Energy Corp. ratepayers three-quarters of the costs of a new $3.5 billion coal-gasification plant.
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IndyGo to use $10M grant for all-electric buses

September 6, 2013
Kathleen McLaughlin
IndyGo will use a $10 million federal grant to convert 22 city buses to all-electric power. Each bus will cost about $550,000 to convert and will have a range of about 100 miles.
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Proposed power plant divides small Shelby County town

September 5, 2013
Associated Press
Residents in Morristown are rallying against a proposed $500 million power plant they fear will harm the quiet agricultural community.
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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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Long dry spell hurting Indiana corn, soybean crops

September 4, 2013
Associated Press
Two-thirds of Indiana's top soil is listed as short or very short of moisture.
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Indiana Supreme Court to review energy contract

September 3, 2013
Associated Press
The Indiana Supreme Court will hear arguments Thursday on a lower court ruling invalidating part of a contract that would require the state to buy synthetic natural gas from a southwestern Indiana plant and resell it on the open market for 30 years.
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Duke Energy to retire five Indiana coal-fired plants by 2018

August 30, 2013
Associated Press
A state administrative law judge oversaw the settlement, which was signed Wednesday by Duke Energy, the Sierra Club, Citizens Action Coalition, Valley Watch and Save the Valley.
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Panel questions cuts to Indiana recycling programs

August 28, 2013
Associated Press
Legislators and recycling advocates asked the state environmental chief Wednesday why millions of dollars had been shifted out of recycling programs since the recession, saying the initiatives could have created thousands of jobs.
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Drought didn't stop Indiana farmland value growth

August 27, 2013
Associated Press
High net farm income, low interest rates and high farmland demand with supply combined to increase land values upward by 14.7 percent to 19.1 percent, depending on productivity, according to the study.
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Recycling group's leader changes mind about leaving

August 22, 2013
 IBJ Staff
The Indiana Recycling Coalition said Executive Director Carey Hamilton, who announced she was leaving earlier this month, would remain with the organization in a restructured role.
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Central Indiana city yanks support from solar-panel maker

August 22, 2013
Associated Press
Columbus is shutting off some of its financial assistance to a solar panel manufacturer because the company hasn't hired enough workers.
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Legislators mull allowing farm wineries to sell direct

August 21, 2013
 The Statehouse File
Indiana wineries complain that current rules about selling to retailers and dealers are onerous and can mean splitting up a family business.
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Youth camp suing to block planned hog farm

August 20, 2013
Associated Press
The action comes after the White County commissioners last month approved a zoning change to allow the hog facility about a half-mile from the 600-acre YMCA Camp Tecumseh.
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Utilities fall short on efficiency spendingRestricted Content

August 17, 2013
Dan Human
Indiana’s largest power companies are set to reimburse their customers $32 million after falling short on spending for energy efficiency last year.
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Chemical cleanup planned at old factory site

August 16, 2013
Associated Press
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
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Fort Wayne's ash tree removal bill nears $3 million

August 16, 2013
Associated Press
Fort Wayne's parks board on Thursday approved a new $450,000 contract for the removal of almost 2,500 trees infected by the emerald ash borer. When those ash trees are gone, nearly 13,000 trees will have been cut down from city property.
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Indiana's aquaculture industry growing, report says

August 14, 2013
Associated Press
A new report says the size of Indiana's fledgling aquaculture industry has more than doubled in the past seven years with the state now boasting about 50 farms that raise fish or seafood.
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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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