Utilities

Vectren's third-quarter profit, revenue dive

October 30, 2009
 IBJ Staff
Evansville-based energy company Vectren Corp. reported a 47-percent drop in profit for its fiscal third quarter.
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Indiana lands $39.4M in power-grid stimulus grants

October 27, 2009
 IBJ Staff and Associated Press
IPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.
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Consultant: Indianapolis water utility lax in overseeing Veolia

October 17, 2009
Chris O'Malley
The city too often relied on the Department of Waterworks’ board, on consultants and on the private operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient operation, maintenance and management” of Indianapolis Water. That’s one of several critical findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request pending before the Indiana Utility Regulatory Commission.
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City receives host of sale, privatization ideas for water, sewer utilitiesRestricted Content

October 3, 2009
Chris O'Malley
Officials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in upgrades were swamped with proposals about how to fix the mess.
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American Water wants to raise rates

October 3, 2009
 IBJ Staff
The Indiana Office of Utility Consumer Counselor is seeking public input on a proposed rate hike by American Water Inc., which has 283,000 customers in the state, including in Noblesville and Greenwood.
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Waterworks proposes 35-percent rate hike

September 30, 2009
Chris O'Malley
The Indianapolis Department of Waterworks today unveiled a capital-improvements proposal that would raise water rates for the average residential customer by 35 percent, or $8 a month.
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Indiana mine operations to close, costing 80 jobs

September 29, 2009
 IBJ Staff
Peabody Indiana Services LLC notified the Indiana Department of Workforce Development on Monday that it will close its surface mine operations at Francisco in southwestern Indiana, putting about 80 employees out of work.
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Toll road operator among water-utility suitors

September 29, 2009
Chris O'Malley
Among 23 firms that have expressed interest in operating Indianapolis’ water and sewer systems is Macquarie, the Australian firm that operates the Indiana Toll Road under a 75-year, $3.8 billion lease. In July, the city asked companies to express interest in operating the systems.
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Water utility wants millions for treatment-plant upgrade, dam repairRestricted Content

September 26, 2009
Chris O'Malley
Already swamped with higher debt costs due to a bond refinancing fiasco, the city’s Department of Waterworks is asking the Indiana Utility Regulatory Commission to OK a rate hike to pay for capital projects.
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Utility-locating service Blood Hound grows quicklyRestricted Content

September 26, 2009
Brock Benefiel
Brownsburg company Blood Hound Inc.is adding offices and revenue is booming.
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Insurer fires latest round in $125M utility case

September 25, 2009
Chris O'Malley
John Hancock Life Insurance Co. today asked a federal judge to force Hoosier Energy Rural Electric Cooperative to post an additional $20 million in escrow as the utility continues to challenge a $125 million claim against it by the New York-based insurer.
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Nucor Steel struggling to strike new power deal with Duke Energy

September 12, 2009
Chris O'Malley
After two years of fruitless negotiations, the Crawfordsville steel mill has asked the Indiana Utility Regulatory Commission to intervene. More than 700 jobs depend on Nucor and Duke striking a deal.
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Indianapolis utility could buy Lake Monroe water

August 26, 2009
 IBJ Staff and Associated Press, Associated Press
Indianapolis Power & Light Co. has agreed to a 20-year contract with a state agency to potentially draw millions of gallons of water from southern Indiana's Lake Monroe.
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Vote against 'cap and trade'Restricted Content

August 24, 2009
I urge Sen. Evan Bayh to vote against the “cap and trade” legislation pending in the Senate.
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Veolia appeals regulators' rate-hike decision

August 10, 2009
Chris O'Malley
Veolia Water Indianapolis, which manages the city’s water utility, has appealed an order issued by state utility regulators that limited a major rate increase sought by the city.
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City files complaint against Bright House Networks over unpaid feesRestricted Content

July 27, 2009
Chris O'Malley
A municipality has filed the first formal complaint against a cable television operator since state telecommunications reform three years ago unplugged local government oversight of operators.
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Duke considers taking carbon dioxide undergroundRestricted Content

July 13, 2009
 IBJ Staff
Duke Energy has proposed spending $121 million to study the feasibility of injecting carbon dioxide deep underground, adding 1 percent to the average ratepayer’s bill between 2010 and 2013.
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Utilities favor federal carbon dioxide permit-trading plan

July 6, 2009
Chris O'Malley
Resigned to inevitable government curbs on their carbon dioxide emissions, about all Indiana utilities could do was say which poison they'd prefer to swallow. They're closer to getting their favorite poison, with the U.S. House passage June 26 of a bill that would create a market for trading carbon dioxide permits.
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Telcos eye possible competition from electric utilitiesRestricted Content

May 11, 2009
Chris O'Malley
A trade group for the state's telephone companies is wringing its hands over budding efforts of electric companies to offer so-called smart grids to better monitor and manage electric distribution.
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Indianapolis Waterworks' rate hike request excessive, critics sayRestricted Content

May 11, 2009
Chris O'Malley
Customer groups say an 18-percent rate hike sought by the Indianapolis Department of Waterworks is excessive even for a utility drowning in variable-rate bond debt that's swelled since financial markets collapsed.
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Indiana is first in nation for wind power growthRestricted Content

April 20, 2009
A report due out later this month will show that Indiana is the state growing wind power at the fastest rate in the nation.
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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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Railroad getting boost from mine in Sullivan CountyRestricted Content

March 30, 2009
Indiana Railroad Co. has coupled onto its "largest single new business opportunity ever" with plans to serve Peabody Energy's new Bear Run Mine in Sullivan County, said IRR President and CEO Thomas G. Hoback.
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IPL's plan to stave off power plant upgrades would cost at least $31MRestricted Content

March 2, 2009
Chris O'Malley
In a move to delay construction of expensive new generating capacity, Indianapolis Power & Light wants to roll out "smart" electric meters to help customers conserve electricity.
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Indianapolis' sewer project will be the city's biggest public works undertaking since the interstate highway systemRestricted Content

February 16, 2009
Chris O'Malley

City engineers and consultants are fine-tuning plans to build a colossal tunnel to temporarily store water and raw sewage that now shoots into local waterways during rain storms.

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