The press release said the plan sets a “clear plan,” for what to do with the money from the tax hike.
Read More
If elected in November, the Carmel Republican said that he would push legislation to create a cabinet-level, “Water Czar,” responsible for overseeing large-scale water withdrawals.
Read More
A request for proposals for the IEDC’s new “Education-to-Employment Research Program” was posted on Monday.
The Indiana Advanced Nuclear Ready Community program will work with local officials to bring their communities on board with nuclear projects, Secretary of Energy and Natural Resources Suzanne Jaworowski said Wednesday.
New Indiana Commerce Secretary Chuck Goodrich said his company and the state have established processes to prevent conflicts.
In a statement released shortly before the vote, Mayor Joe Hogsett also announced his support for the moratorium.
The report includes signatures from 70 of Indiana’s 92 counties.
The plant is among at least nine that SK Hynix has in development or under construction, most in South Korea, and all aimed at fulfilling the growing demand for advanced computing, especially AI.
The money — first reaped from the lease of the Indiana Toll Road — will be invested in bonds and other more stable options for which the income generated will be easier for the state to access.
Crosstrack will be sited in southwestern Indiana’s Pike County where it will tie into the electric grid, storing up to 130 megawatts of power.
The petition argues that the Indiana Utility Regulatory Commission erred when it voted 3-1 to allow AES to collect an additional $71 million from its Indianapolis-area electric customers through base rate increases.
According to state law, Thursday’s announcement marked the final time Braun is allowed to suspend the tax.
Duke’s $20.3 million project includes new transmission lines and a switching station that would provide power to South Korea-based SK Hynix’s $3.87 billion project.
Most of these incentives came through state tax credits, which accounted for about 67% of the incentives obligated by the IEDC.
Indiana regulators are considering a request to ban all bets on the performances of individual college athletes.
IURC Chair Anthony Swinger promised to exercise a “healthy skepticism” of rate requests from utilities.
The move follows Indiana Gov. Mike Braun’s demotion of IURC Chairman Andy Zay after the agency approved an AES rate hike.
Invenergy, the nation’s largest privately held power producer, is set to receive $765 million as part of a settlement cancelling four offshore wind projects.
Thursday’s order came following multiple public disclosures from the utility companies that the plants subject to the Energy Department’s orders were either losing money or had expensive operational issues.
The state of Indiana will be included in a report by the Washington-based Brookings Institution that also highlights New York, California and Virginia.
In a joint statement with Abby Gray, head of the state’s Office of Utility Consumer Counselor, Braun called the Indiana Utility Regulatory Commission’s decision “unacceptable.”
Gov. Mike Braun said he was “deeply disappointed” by the IURC’s approval of an AES rate increase.
