Utilities

Indianapolis sets water-use records amid drought

June 29, 2012
Associated Press
The water company for Indianapolis and some of its suburbs is asking customers to cut back on lawn watering after setting records this week for one-day use.
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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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Sierra Club pressures utilities to find alternatives to coalRestricted Content

May 26, 2012
Chris O'Malley
Dave Menzer, director of the Sierra Club’s new “Beyond Coal” campaign in Indiana, aims to spark discussion about the health and environmental costs of the state’s bituminous bounty that for years has brought relatively cheap electric rates.
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Utilities, public clash on tree-trimming policiesRestricted Content

May 19, 2012
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
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Companies seek solar-panel lease contracts from city

May 14, 2012
Scott Olson
The City-County Council is set to hear a proposal by two companies to lease space on city-owned rooftops and sell electricity generated by solar panels installed in those spots.
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Work on central Indiana wind farm set for this summer

May 14, 2012
 IBJ Staff and Associated Press
A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.
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Purdue announces $33 million energy plan

May 8, 2012
Associated Press
Purdue University plans to demolish an old coal-burning boiler, convert another coal-burning boiler to natural gas and install a natural gas-fired combined heat and power unit as part of a new comprehensive energy plan.
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Duke Energy profit falls on Indiana plant settlement

May 4, 2012
Bloomberg News
Duke Energy Corp. said first-quarter profit fell 42 percent after a regulatory settlement in Indiana increased costs and mild weather reduced heating demand.
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Power-grid software maker lands $7M in venture capital

May 1, 2012
Chris O'Malley
Indianapolis-based Blue Pillar Inc., which makes software to manage electrical grids, has closed on $7 million in funding from four venture capital firms, it said Monday.
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Indiana announces proposed Duke Energy settlement

April 30, 2012
Associated Press
Duke Energy Corp. has agreed to cap the cost of its troubled coal-gasification plant in southwestern Indiana at $2.6 billion, or about $700 million less than the expected cost of construction, as part of a proposed settlement announced Monday.
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Indianapolis expects savings from sweeping energy projectRestricted Content

April 28, 2012
Marc D. Allan
The city is guaranteed $7.5 million in savings over 15 years from a $18 million upgrade of city facilities, and the savings are expected to accumulate further.
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Plant upgrades might cost IPL nearly $1 billionRestricted Content

April 28, 2012
Chris O'Malley
New federal mercury-reduction regulations may force Indianapolis Power & Light to spend nearly $1 billion to upgrade its coal-fired electric plants scattered around Indiana. Duke Energy is mulling everything from plant upgrades to shutting down older units.
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Work on city's 8-mile sewage tunnel gets underway

April 26, 2012
Associated Press
Work is starting on an 8-mile-long tunnel under the south side of Indianapolis that is the first major part of a $1.6 billion project aimed at reducing the release of raw sewage into the city's rivers.
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Downtown building owner faults IPL for outagesRestricted Content

April 21, 2012
Chris O'Malley
The owner of Market Square Center is complaining to state utility regulators that Indianapolis Power & Light has failed to provide reliable service to the office building, better known as the Gold Building, at 151 N. Delaware St.
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Colleges could be banned from using tax funds for marketing

April 19, 2012
Bloomberg News
For-profit U.S. colleges, including Carmel-based ITT Educational Services Inc., would be barred from spending federal taxpayer money on advertising, marketing and recruiting under a Senate bill targeting the education-based businesses.
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Purchase of city water utility lifts Citizens Energy's profitsRestricted Content

April 7, 2012
Chris O'Malley
The $1.9 billion sale of the city’s water and sewer utilities was a profit gusher last year for buyer Citizens Energy Group—at least on paper. Dwarfing the returns of its gas, thermal and other divisions, the newly renamed Citizens Water turned a profit of $53.4 million.
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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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Indiana county OKs project for 80 wind turbines

March 2, 2012
Associated Press
Charlottesville, Va.-based Apex plans to install the wind turbines in southern Wells County, about 100 miles northeast of Indianapolis.
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Citizens Energy projects greater, faster savings from deal

February 28, 2012
 IBJ Staff
Citizens Energy Group says savings from combining the city’s water and sewer utilities will be 13 percent higher than expected and come two years sooner than previously predicted.
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Electric-grid facility in Carmel suffers $11M in damages

February 16, 2012
Scott Olson
In a filing earlier this month, the Midwest Independent Transmission System Operator Inc. told federal regulators that a mechanical failure in September contaminated the data center.
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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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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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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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