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. * * *ILB: Actually many might also consider the Rockport plant deal, which holds the Indiana natural gas ratepayers captive for the next 30 years, monopolistic.
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."
Posted by Marcia Oddi on February 17, 2013 04:05 PM
Posted to Indiana Government