IURC caps ratepayers’ share of Edwardsport plant at $2.6B
Opponents call the deal too generous to Duke Energy and say it doesn’t protect ratepayers from rising financing costs.
Opponents call the deal too generous to Duke Energy and say it doesn’t protect ratepayers from rising financing costs.
The Wabash Valley Power Association has been reducing its dependence on energy produced from coal—from 95 percent five years ago to 54 percent today. The utility is leaning more on natural gas and even renewable-energy sources like methane from landfills and animal waste.
The Indiana Finance Authority and Indiana Gasification LLC plan to amend a 30-year contract that obligates the state to buy the company's synthetic natural gas. The move is in reaction to an appeals court ruling that reversed regulators' approval of the deal.
The Evansville-based utility estimates all residential gas customers would see their gas bills increase an average of $3.90 per month for eight years—for a total cost of $375 per consumer.
Citizens Action Coalition, Sierra Club, Save the Valley and Valley Watch are hoping questions over legal fees the utility agreed to pay attorneys for industrial customers scuttle a deal over cost overruns at the $3.3 billion Edwardsport coal gasification plant.
Utility denies claim it is trying to sidestep $2.6 billion cap on costs that can be passed along to ratepayers.
The Indiana Utility Regulatory Commission ruled that emails and reports about the troubled Edwardsport coal gasification plant contain only general communications between Duke and its contractors and are not protected from disclosure.
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.
Indiana Gasification contends the project in Rockport will create 500 permanent jobs. Opponents say the plant will harm regional air quality.
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.
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.
Questions about a synthetic natural gas plant proposed for southern Indiana led a House committee to strip tax breaks for the $2.6 billion project from a bill that already has passed the Senate.
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."
Gov. Mitch Daniels is praising a court ruling that's delayed an Obama administration regulation aimed at reducing power plant pollution in 27 states that contributes to unhealthy air downwind.
In a letter to the EPA, Indiana's utility consumer counselor says the three-year timetable threatens the safety and reliability of Indiana's power supply while ignoring the high cost of compliance.
Indiana regulators have approved plans for a $2.65 billion coal gasification plant at the Ohio River city of Rockport and a state agency's 30-year contract to buy its synthetic natural gas.
Citizens Energy Group plans to switch the primary power source for its Perry K Steam Plant in downtown Indianapolis from coal to natural gas, the utility announced Wednesday. The conversion will cost about $9 million.
Duke Energy Corp. is preparing to demolish a coal-fired power plant that's Indiana's oldest electricity-generating plant of its kind.
Factors driving up rates will be new plant construction, installation of pollution controls, and improvements to extend the operating life of existing power plants.
“Gross mismanagement” and improper communications with ex-regulatory chairman are among evidence in testimony to make Duke, rather than ratepayers, swallow major cost overruns at Edwardsport power plant.