Environment

U.S. farm income seen falling from record 2013 levels

August 27, 2014
Bloomberg News
Lower prices for corn and soybeans will drive the profits of U.S. farmers down to an estimated $113.2 billion in 2014, a decline of 14 percent from last year’s record, according to the Department of Agriculture.
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U.S. farmers may grow more corn than they can handle

August 22, 2014
Bloomberg News
From Ohio to Nebraska, corn and soybean output is expected to be even higher than the record amounts predicted earlier this year.
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Central Indiana reservoir foes back river trails

August 19, 2014
 Associated Press and IBJ Staff
Environmental groups are proposing a system of trails to promote use of the White River in central Indiana rather than damming it for a proposed $450 million, seven-mile-long reservoir.
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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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Farmers on pace for record corn crop, report says

August 12, 2014
Associated Press
A bigger crop was expected as adequate rain and cool temperatures made for favorable growing conditions in the 18 states that produce 91 percent of the nation's corn.
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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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Byproducts big business for Morgan County grain mill

August 11, 2014
Associated Press
It appears one man's bust is another's boom, because many of the reasons byproducts have become so popular are the same reasons you're paying historically high prices for beef.
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UPDATE: Cool summer sets hopes for record harvest

August 8, 2014
Associated Press
The nation's corn and soybean farmers are on track to produce record crops this year as a mild summer has provided optimum growing conditions.
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UPDATE: City board approves recycling deal with Covanta

August 6, 2014
Kathleen McLaughlin
Despite heavy lobbying from opponents, the Indianapolis Board of Public Works on Wednesday voted 4-1 in favor of a contract extension with incinerator operator Covanta that will make the company the city's main household recycling provider for the next 14 years.
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City board approves recycling deal with Covanta

August 6, 2014
 IBJ Staff
The Indianapolis Board of Public Works voted Wednesday to approve Covanta as the city’s main residential recycling provider for the next 14 years.
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City’s Covanta deal discourages rival recycling programs

August 4, 2014
Kathleen McLaughlin
Details of a pending recycling deal with Covanta are emerging. Under the pact, the city of Indianapolis would face financial penalties if it launches other recycling programs.
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EPA coal-plant emission limits challenged by 12 states

August 1, 2014
Bloomberg News
A dozen states, led by West Virginia and including Indiana, sued the U.S. Environmental Protection Agency on Friday to block a proposed rule that would limit carbon dioxide emissions from coal-fired power plants.
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Not in my backyard: U.S. sending more coal abroad

July 28, 2014
Associated Press
The U.S. power sector is burning less coal and is reducing carbon emissions, but a growing share is finding its way to the rest of the world.
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Judge rules against residents in suit over hog smell

July 24, 2014
Associated Press
A judge has ruled state law protects four large hog farms from lawsuits filed by residents of an eastern Indiana county who complained about waste and foul smells from their operations.
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Councilors to IPL: Eliminate coal in county by 2020

July 14, 2014
Dan Human
Two City-County Council members want Indianapolis Power & Light Co. to stop burning coal in Marion County by 2020 and shift more attention to renewable energy.
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Indiana county planning to start aquaculture park

July 14, 2014
Associated Press
A central Indiana county is working on plans for a 60-acre aquaculture park in hopes of attracting more business connected with fish production.
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Agriculture industry seeks to create right to farm

July 10, 2014
Associated Press
In the nation's agricultural heartland, farming is more than a multibillion-dollar industry that feeds the world. It could be on track to become a right, written into law alongside the freedom of speech and religion.
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Hoosier Environmental Council opposes dam on White River

July 8, 2014
Associated Press
The Hoosier Environmental Council has added its name to the list of environmental groups opposing a proposed seven-mile long reservoir along the White River in central Indiana.
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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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GOP governors: EPA carbon dioxide rules job killer

June 16, 2014
Associated Press
Republican governors from oil-and-gas rich states said Monday that new federal rules designed to cut emissions linked to global warming from power plants by 30 percent by 2030 will kill jobs and growth.
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State parks see surge in business as weather heats up

June 11, 2014
Dan Human
Revenue from year-long passes was up about 8 percent this year through the end of May compared to the same time last year, according to the Indiana Department of Natural Resources.
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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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EPA: Indiana must cut carbon emissions 20 percent

June 2, 2014
Associated Press
Indiana has three years to come up with a plan to achieve the reductions, which were announced Monday by the EPA. The Indiana Chamber of Commerce called the requirements "potentially devastating."
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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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