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Thursday, February 07, 2013

Ind. Law - "Indiana legislature seeks taxpayer safeguard on Rockport coal-gas plant" [Updated]

Tony Cook reports today in the Indianapolis Star in a long story that begins:

A controversial coal-gas plant in Rockport is facing growing opposition heading into a state Senate committee hearing today on a bill that could kill the deal.

More than 20 lawmakers have signed on to Senate Bill 510, which would force the project's developer, Indiana Gasification, to refund once every three years any losses the state incurs as part of an agreement to purchase gas from the plant. Two other groups, the Indiana Farm Bureau and the AARP, also announced support for the bill this week.

The building resistance to the project comes on the heels of recent comments from the top two lawmakers in the House and Senate calling for a fresh review of the deal.

The Senate Committee on Utilities will hold a hearing on the bill at 8:30 a.m.

The hearing is scheduled for Room 233. Check to view it in progress here.

[Updated almost immediately] Eric Bradner of the Evansville C&P just tweeted:

"Merritt cancels Thursday's Rockport hearing. A lot of grumbling this a.m. from opponents of the plant."
Here is Bradner's comprehensive story, posted at 7:30 am this morning.

Posted by Marcia Oddi on February 7, 2013 08:29 AM
Posted to Indiana Law