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.
Duke Energy Corp. said first-quarter profit fell 42 percent after a regulatory settlement in Indiana increased costs and mild weather reduced heating demand.
Indianapolis-based Blue Pillar Inc., which makes software to manage electrical grids, has closed on $7 million in funding from four venture capital firms, it said Monday.
Duke Energy Corp. has agreed to cap the cost of its troubled coal-gasification plant in southwestern Indiana at $2.6 billion, or about $700 million less than the expected cost of construction, as part of a proposed settlement announced Monday.
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.
Work is starting on an 8-mile-long tunnel under the south side of Indianapolis that is the first major part of a $1.6 billion project aimed at reducing the release of raw sewage into the city's rivers.
The city is guaranteed $7.5 million in savings over 15 years from a $18 million upgrade of city facilities, and the savings are expected to accumulate further.
The owner of Market Square Center is complaining to state utility regulators that Indianapolis Power & Light has failed to provide reliable service to the office building, better known as the Gold Building, at 151 N. Delaware St.
For-profit U.S. colleges, including Carmel-based ITT Educational Services Inc., would be barred from spending federal taxpayer money on advertising, marketing and recruiting under a Senate bill targeting the education-based businesses.
The $1.9 billion sale of the city’s water and sewer utilities was a profit gusher last year for buyer Citizens Energy Group—at least on paper. Dwarfing the returns of its gas, thermal and other divisions, the newly renamed Citizens Water turned a profit of $53.4 million.
Preservationists want protections for the historic waterway, but the utility that just bought it is afraid National Register status will cause unintended consequences.
The purchased property will become the southern anchor for a conservation and recreation project aimed at permanently protecting more than 43,000 acres along the Wabash River and Sugar Creek.
Charlottesville, Va.-based Apex plans to install the wind turbines in southern Wells County, about 100 miles northeast of Indianapolis.
Cost-savings tied to the purchase of the city’s water and sewer utilities are also expected to be realized sooner than predicted.
Citizens Energy Group says savings from combining the city’s water and sewer utilities will be 13 percent higher than expected and come two years sooner than previously predicted.
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.
In a filing earlier this month, the Midwest Independent Transmission System Operator Inc. told federal regulators that a mechanical failure in September contaminated the data center.
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."
From pickpockets and prostitutes to dirty bombs and exploding manhole covers, authorities are bracing for whatever threat the first Super Bowl in downtown Indianapolis might bring.
Indianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake in the company.
