Industry players find themselves in a precarious spot. If they don’t embrace the electric-vehicle future, they look backward. But if they dive in with excessive exuberance, they risk wasting hundreds of millions of dollars.
IPL has filed petitions with the Indiana Utility Regulatory Commission to install $100 million worth of pollution controls at Petersburg, a move it says will allow it to meet strict environmental regulations.
The surprising move is a blow to the administration and a victory for the coalition of 27 mostly Republican-led states, including Indiana, and industry opponents that call the regulations "an unprecedented power grab."