Utilities

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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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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EEOC alleges discrimination at Midwest ISO

December 23, 2011
Kathleen McLaughlin
A Carmel-based power grid operator violated the Americans with Disabilities Act by firing a woman who suffered from post-partum depression, the U.S. Equal Employment Opportunity Commission alleges in a lawsuit filed Friday.
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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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Consultant: IPL's downtown network needs closer eye

December 13, 2011
 IBJ Staff
Atlanta firm says IPL underground system "well designed and regularly maintained" but may need upgrades to avoid more explosions.
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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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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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Midwest ISO announces $6.5B in electric grid improvements

December 8, 2011
The Carmel-based not-for-profit's long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.
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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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Indiana expands probe into Indy manhole blasts

November 21, 2011
Associated Press
Indiana utility regulators are expanding a third-party review of Indianapolis manhole explosions to include the latest two blasts.
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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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U.S. high court takes Indianapolis sewer case

November 15, 2011
Michael W. Hoskins,  IBJ Staff
The Supreme Court of the United States agreed Monday to review a case that questions whether the city of Indianapolis violated the U.S. Constitution in how it handled refunds for residents who paid assessments on local sewer projects.
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SEC filing: Ex-IPL chief Murtlow qualified for large payoutRestricted Content

November 12, 2011
Chris O'Malley
Indianapolis Power & Light chief Ann Murtlow left the utility this spring under terms of a separation agreement that would have entitled her to at least $404,410, according to documents the utility filed Nov. 3 with the Securities and Exchange Commission.
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Indiana plant a drag on Duke Energy earnings

November 3, 2011
Associated Press
Duke Energy Corp.'s third-quarter earnings tumbled 30 percent, the company said Thursday, with energy consumption falling at the same time that costs rose unexpectedly for a new plant in Indiana.
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Zeroing in on net-zero energy in IndianapolisRestricted Content

October 22, 2011
Marc D. Allan
The Holy Grail of energy efficiency has yet to arrive, but pieces are falling into place.
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Ethics scandal costs Duke Energy in two rulings

October 19, 2011
Chris O'Malley
A 2010 ethics scandal involving the former chief legal counsel for the Indiana Utility Regulatory Commission has come back to bite the state's biggest electric utility.
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LA firm to oversee construction of city's sewage tunnel

September 29, 2011
J.K. Wall
Aecom, a global firm that also is one of the companies rebuilding the World Trade Center site in New York City, designed the Deep Rock Tunnel Connector, the linchpin of a tunnel system the city will build to handle sewage overflows during rain storms.
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Duke to begin razing state's oldest coal plant

September 26, 2011
Associated Press
Duke Energy Corp. is preparing to demolish a coal-fired power plant that's Indiana's oldest electricity-generating plant of its kind.
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Critics seek conditions on Progress-Duke Energy merger

September 20, 2011
Associated Press
Charlotte-based Duke Energy and Raleigh-based Progress Energy want to combine into one company with more than 7 million customers in the Carolinas, Florida, Kentucky, Indiana and Ohio.
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Future of western Indiana power plant in doubt, Duke says

September 16, 2011
Associated Press
Duke Energy expects to close much of a coal-powered generating plant in western Indiana within the next few years.
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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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Indianapolis, Beech Grove settle utility billing feud

August 26, 2011
Indianapolis and Beech Grove wrapped up their decade-old dispute prior to the city's official transfer of its water and wastewater utilities to Citizens Energy Group.
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City plans to install solar panels at public works buildings

August 25, 2011
Francesca Jarosz
The city has put out a request seeking companies or teams of firms qualified to install solar photovoltaic systems at three of its public works buildings and garages.
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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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