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Tuesday, February 26, 2013

Ind. Law - "Senate approves Rockport measure"

Eric Bradner reports in the Evansville Courier & Press this afternoon that "Senate Bill 510 passed on a 47-3 vote and now heads to the House, where Leucadia and its opponents – chiefly, Vectren Corp. – will continue to grapple." The lede:

After the Indiana Supreme Court has its say, the Rockport coal-to-gas project could head back to state utility regulators for another round of reviews under a measure the Senate approved Tuesday.

It’s a watered-down version of a bill that originally would have left the plant dead in its tracks by forcing major changes to the Indiana Finance Authority’s 30-year contract with the plant’s developers, Leucadia National Corp., to buy and then resell its product.

ILB: My question - Isn't that now exactly what would have happened absent this bill?

Posted by Marcia Oddi on February 26, 2013 04:44 PM
Posted to Indiana Law