Plunging natural gas prices help relieve inflation pressure
Since the start of 2023, U.S. natural gas prices have fallen 40%, and Europe’s prices are not far behind.
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Citizens, CenterPoint predict rise in winter heating bills
Utilities Citizens Energy Group and CenterPoint Energy said natural gas prices, which spiked a year ago, will be even higher this winter, leading to costlier heating bills in Indiana.
New vehicles must average 40 miles per gallon in 2026, up from 24 mpg
The new requirements increase gas mileage by 8% per year for model years 2024 and 2025 and 10% in the 2026 model year.
Cummins enters joint venture to boost production of natural-gas-powered vehicles
The agreement between Cummins and Texas-based Rush Enterprises will help Cummins bring natural-gas-powered commercial vehicles to market.
Biden boosts fuel-economy standards to fight climate change
A final rule being issued Monday would raise mileage standards starting in the 2023 model year, reaching a projected industry-wide target of 40 miles per gallon by 2026
Colonial Pipeline paid hackers nearly $5 million in ransom
Colonial Pipeline Co. paid the money on Friday, sources said, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline.
Gas stations running dry after pipeline hack
From Virginia to Florida and Alabama, fuel stations are reporting that they’ve sold out of gasoline as supplies in the region dwindle and panic buying sets in.
Trump administration signals compromise on gas mileage rules
The National Highway Traffic Safety Administration said in a statement that it believes the rule, written jointly with the Environmental Protection Agency, will improve gas mileage and reduce emissions from the U.S. fleet of new vehicles.
IPL to retire two of its four remaining coal-fired power units by 2023
The Petersburg Generating Station, about 120 miles southwest of Indianapolis, has been called a “super polluter” by environmental groups, with violations for excess sulfur dioxide, nitrous oxide particulate matter and sulfuric mist.
Automakers side with Trump in legal fight with California
General Motors, Fiat Chrysler, Toyota and many others in the auto industry are backing the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel economy standards.
South Side Landfill planning $25 million methane-conversion project
The landfill is teaming up with two energy companies to capture methane at the landfill and convert it into renewable energy. The partnership is seeking a tax abatement on the project.
Indiana utility faces criminal probe in natural gas explosions
Federal prosecutors are conducting a criminal investigation into the natural gas explosions and fires that rocked three communities near Boston in September, killing one person and injuring 25 others.
Vectren: Indiana gas customers to save $35 over 12 months
The company said the Indiana Utility Regulatory Commission on Tuesday approved the final phase of an agreement with various consumer groups to reflect decreases in rates as a result of the federal tax overhaul last year.
Vectren shareholders approve $6B merger with Texas utility
The combined company would serve more than 7 million gas and electricity customers in eight states and hold about $29 billion in assets.
UPDATE: Vectren selling to Texas utility for $6 billion
CenterPoint Energy Inc.’s purchase of Vectren would take out Indiana’s 13th-largest public company, with $2.4 billion in annual revenue. Every county surrounding Marion County receives service from Vectren.
Citizens Energy earned $90M in latest fiscal year
Citizens Energy Group said profit nearly tripled, to $90.1 million, on higher operating revenue in the fiscal year ending Sept. 30.
City agrees to pay $4.2M for land to build justice center
The city of Indianapolis has taken a major step toward building the $572 million criminal justice center in Twin-Aire neighborhood where the Citizens Energy coke plant once stood.
Kinetrex plans third natural-gas plant to meet exploding customer demand
Kinetrex Energy, which distributes liquid natural gas, has roughly doubled its workforce to 40 people. and pushed from its core market—trucking companies—into agriculture, power generation, asphalt production and other sectors.
Vectren considering sale after takeover interest, sources say
Vectren provides gas and/or electricity to more than 1 million customers in service territories that cover nearly two-thirds of Indiana and about 20 percent of Ohio.
Citizens sells liquefied natural gas unit to equity firm
A five-year-old Indianapolis company that supplies liquefied natural gas to trucking companies, manufacturers and other customers is now under new ownership.