Citizens Gas & Coke Utility has made early retirement offers to 41 of the 350 workers at its Indianapolis Coke plant at
An unnamed company is interested in buying the plant, said spokesman Dan Considine, and buyouts help minimize uncertainties for employees. Considine didn’t immediately know how much money Citizens hopes to save through the buyouts.
Citizens, which supplies natural gas to
Indianapolis Coke provided coke-oven gas to light streets and eventually heat homes until natural gas pipelines began criss-crossing the country in the 1950s, rendering the plant obsolete.
It still supplies gas to the steam generation plant on
Citizens wants the buyer of Indianapolis Coke to continue supplying gas to the steam plant, Considine said.
Indianapolis Coke primarily supplies coke—a nearly pure hydrocarbon—to steel mills and foundries. Steel and foundry operators prefer it to other fuels because it burns evenly and at extremely high temperatures.