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Sunday, February 17, 2013

Ind. Gov't. - "We shouldn't base Indiana energy policy on soothsaying designed to protect a monopoly."

That is a quote from a "Behind Closed Doors" item (scroll to final item in article) in Sunday's Indy Star. A few quotes:

More than a month into the Indiana General Assembly's session, the future of the controversial Rockport coal-gasification is still unclear. * * *

Evansville-based Vectren Corp., which provides natural gas to most customers in Central Indiana outside Marion County, has estimated that the deal would cost ratepayers $1 billion during the plant's first eight years of operation under current market conditions.

Vectren is leading a group fighting to stop the plan from ever operating.

Mark Lubbers, the project manager for Indiana Gasification, the group behind the project, countered that Vectren has produced consumer losses of $628 million in the past five years, by using the same methodology.

"Vectren's predictions are based on assumed natural gas prices between 2018 and 2028; a fortune teller at the State Fair has a better chance of being right. We shouldn't base Indiana energy policy on soothsaying designed to protect a monopoly."

ILB: Actually many might also consider the Rockport plant deal, which holds the Indiana natural gas ratepayers captive for the next 30 years, monopolistic.

Posted by Marcia Oddi on February 17, 2013 04:05 PM
Posted to Indiana Government