Tuesday, December 17, 2013
Ind. Decisions - More on: Supreme Court decides Indiana Gas (Rockport) case
The Indiana Supreme Court has cleared the way for construction of a coal-gasification plant in Rockport, Indiana.ILB: Whether or not the costly plant actually will be built is still not a sure thing, according to some observers. The energy picture in the U.S. has changed enormously since this project was conceived and promoted, half a dozen years ago.
The state’s high court ruled unanimously Tuesday that an alteration of the contract the plant’s developers signed with the Indiana Finance Authority did not constitute a significant change. Opponents of the project had argued the contract should be invalidated.
Under the contract, the state will buy the synthetic gas produced by the plant at fixed price for 30 years. The state would then resell the gas and consumers would either make or lose money. The state has not said how much it will pay for the gas.
Justice Mark Massa ruled in favor of the project after declining to recuse himself from the vote despite a close friendship with the project’s lead developer.
[More] The ILB has just obtained a press release, the Indiana Citizens Groups Statement on Indiana Supreme Court’s Decision To Uphold Leucadia Tax on Indiana Ratepayers, that begins:
INDIANAPOLIS – Today, the Indiana Supreme Court issued a ruling that could force Indiana ratepayers to foot the bill for an expensive coal gasification plant in Spencer County by upholding the contract between the project’s developer and the state.
Posted by Marcia Oddi on December 17, 2013 02:11 PM
Posted to Ind. Sup.Ct. Decisions