Gas

Citizens Energy looking to fuel big rigs

June 7, 2012
Chris O'Malley
Local utility trust Citizens Energy Group plans to sell liquefied natural gas for use in cross-country semi trucks as a lower-cost alternative to diesel fuel.
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State, utility plan cleanup of long-closed gas plant

May 29, 2012
Associated Press
Indiana's environmental agency and Duke Energy Corp. are moving ahead with the cleanup of a long-closed manufactured-gas plant in Shelbyville.
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Citizens not ready to get behind historic designation for Central CanalRestricted Content

April 7, 2012
Chris O'Malley
Preservationists want protections for the historic waterway, but the utility that just bought it is afraid National Register status will cause unintended consequences.
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Citizens Energy projects bigger savings from deal

March 3, 2012
Cost-savings tied to the purchase of the city's water and sewer utilities are also expected to be realized sooner than predicted.
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Utility exec: Coal-gas plant's 'time has passed'

February 14, 2012
Associated Press
A utility executive told a legislative committee Tuesday that a drop in natural gas prices as a result of the nation's shale-gas boom have made a proposed southern Indiana coal-gasification plant a project "whose time has passed."
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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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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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Jury awards $27M in damages over propane explosion

November 28, 2011
Associated Press
A jury has held a utility liable for $27 million in damages over a propane explosion at a central Indiana horse farm that killed a man and injured three family members.
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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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Citizens Energy gets interest-rate bargain on bonds sold for utility purchaseRestricted Content

August 27, 2011
 IBJ Staff
Stock-market swoon contributes to favorable terms on purchase of city's water, sewer systems.
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Vectren's plan to close field offices fuels complaint

June 7, 2011
Chris O'Malley
Unions and public safety officials allege the utility's move to home-based crews could delay responses to emergencies and reduce safety.
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Citizens Energy Group pipelines pass internal review mandated by feds

April 30, 2011
 IBJ Staff
Citizens has more than 120 miles of transmission pipe and hundreds of miles of gas service lines.
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Settlement caps Citizens Energy customers' deal feesRestricted Content

April 23, 2011
Chris O'Malley
Ratepayers would pay no more than $14 million to cover charges associated with Citizens' purchase of Indianapolis water and sewer utilities. Some say the capped amount is too much.
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Gas distributors oppose $2.7B Rockport gasification plantRestricted Content

April 2, 2011
Chris O'Malley
Six gas-distribution companies have urged regulators to reject a state plan that would force residential natural-gas customers to effectively subsidize a $2.7 billion coal gasification project proposed for Rockport.
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State reaches deal on coal-gasification plant

December 16, 2010
Associated Press
The state's finance authority said Thursday that it reached a 30-year deal to buy synthetic natural gas from a coal-gasification plant planned for southern Indiana, marking the first time the state has entered into such a venture.
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Labor costs being watched at Duke Energy plant

November 16, 2010
Chris O'Malley
Cost pressures could eat away at $2.9 billion Edwardsport project's contingency fund, leaving no room for unexpected costs during startup and testing, Duke told the Indiana Utility Regulatory Commission.
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Heating bills should be cheaper this winter, utility says

October 13, 2010
Citizens Energy Group projects that the gas bill of its average residential customer will decline about 7 percent over the winter heating season. The utility said a customer who uses the typical amount of natural gas will spend $580, down from $620 last season.
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City approval of Citizens Energy deal could come in May

April 10, 2010
 IBJ Staff
Citizens Energy should have completed the majority of its due diligence of the city’s water and sewer utilities, which it plans to acquire, by the end of this month.
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Citizens says buying water, sewer systems won't harm bond ratingRestricted Content

March 13, 2010
Chris O'Malley
Citizens Energy Group's plan to buy the city's water and sewer systems will require the utility to raise $262 million in new bond debt and inherit $1.5 billion in debt. Yet Citizens executives maintain the financial load should not impair the bond ratings of its principal utilities, Citizens Gas and Citizens Thermal.
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Bill would give CO2 pipeline firms right to take private land

January 25, 2010
Chris O'Malley
A consumer group opposing Senate Bill 115 argues the measure is yet another concession to the developer of a coal-to-methane plant proposed in Rockport.
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Pickens' natural-gas plan may prove boon to truck builders

January 22, 2010
Bloomberg News
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
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With utilities under pressure, shareholders unite

January 16, 2010
 IBJ Staff
The Indiana Utility Shareholders Association aims to be the “collective voice” of investors in four of the big utilities operating in Indiana.
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Miller Pipeline purchases Illinois-based contractor

December 7, 2009
Indianapolis-based Miller Pipeline Corp. announced Monday morning that it has purchased Illinois-based Elcon Pipeline Inc., marking the company’s fifth acquisition in the past four years.
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Cap and trade could be double-edged swordRestricted Content

April 20, 2009
Mike Hicks
Cap and trade could lead us to a much cleaner, more prosperous future or it could devastate our economy.
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