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Monday, April 22, 2013

Ind. Gov't. - "Legislators to take another stab at crafting 'Rockport' bill"

Updating this ILB entry from April 21st, Eric Bradner of the Evansville Courier & Press reports this evening:

INDIANAPOLIS — Top House and Senate officials have identified a new bill into which they plan to insert legislation that could determine the fate of the $2.8 billion coal-to-gas plant proposed to be built at Rockport, Ind.

After they finalize that measure — which could be a tricky and hotly-contested process — it will go into Senate Bill 494, House Speaker Brian Bosma, R-Indianapolis, said Monday.

The move comes after House leaders decided to let another bill dealing with Rockport die [SB 510]. That happened because they are seeking another regulatory review of the project and determined that changes made to the bill on the chamber’s floor had watered it down to the point of ineffectiveness.

Bosma said he wants negotiations over a final draft of the legislation to start with the much tougher version that passed the House Utility Committee, before those changes took place. Opponents of the Rockport project favored that version, while developers said it would kill the plant.

Essentially, that legislation would require the Indiana Finance Authority’s 30-year contract to buy and then resell the Rockport plant’s synthetic natural gas to go back to the Indiana Utility Regulatory Commission.

The panel would be tasked with making sure the deal guarantees that ratepayers would save money over its life. Developers say the House Utility Committee’s version of the bill would unfairly impose new standards.

The ILB has sent a note to the Governor's office asking for the names of the members of the Indiana Finance Authority. They are not on the agency's website. As I wrote yesterday:
Interestingly, all the ILB could find about the IFA was this:
The members of the IFA meet monthly; there are five statutory members. The members are the Director of the Office of Management and Budget, the Treasurer of the State, and three other members appointed by the Governor. No more than two of the Governor's appointees may be members of the same political party, and they all must be residents of the State.
In short, of the five IFA members, four are appointees of the Governor. The fifth is State Treasurer Richard Mourdock.
The Indiana Finance Authority has a great deal of responsibility - it would be good if the members' names were readily available.

Posted by Marcia Oddi on April 22, 2013 07:19 PM
Posted to Indiana Government