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Senate panel waters down coal-gas measure

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The fight over a proposed $2.6 billion coal-gasification plant was left to the Indiana courts on Thursday after a Senate committee decided not to get involved in how an account set up by the plant's developers would be used.

Supporters and opponents of the plant have waged parallel fights this year in Legislature and the courts. But lawmakers stepped out by abandoning a plan that would have sped up how soon ratepayers received refunds from a $150 million account established by the plant's developers to offset rate hikes.

The developers, Indiana Gasification LLC and its parent company, Leucadia, have said such a move would have killed the project.

The Senate Utilities Committee decided Thursday to strip the plan from legislation that involved the workings of the Indiana Utility Regulatory Commission. Committee members said they wanted to allow the pending court fight to play out before getting more involved.

However, the committee added in new protections for ratepayers if the courts send the issue back to the IURC. Those protections would "give the ratepayer a voice more so than before," said Sen. Jim Merritt, R-Indianapolis, chairman of the committee.

The panel approved the pared-downed legislation and sent it to the full Senate.

The Indiana Court of Appeals ruled last year that a contract the state signed guaranteeing to buy synthetic natural gas from the plant over the next 30 years was invalid. If that ruling stands, the legislation would dictate that the IURC review the contract with an eye toward projected natural gas costs and the future availability of shale gas.

The proposed Rockport plant has pitted southwestern Indiana lawmakers and the New York-based developer, Leucadia, against environmentalists, consumer advocates and large ratepayers this session, who have argued the deal unfairly places ratepayers on the hook for potential hikes.

"This is really a complicated issue and I certainly would not like to see the project die, but there are still very valid concerns," said Sen. Jean Breaux, D-Indianapolis.

Sen. Jim Tomes, R-Wadesville, said the plant would bring good-paying jobs to the constituents he represents.

"There's six-and-a-half million people in this state who aren't here today because they're working for a living or trying to find jobs trying to support their families. We all want jobs," he said.

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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