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Earthcare Energy makes generators that harness pressure given off during natural gas power generation and turn it into usable energy.
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updated: 5/3/2012 12:47:17 PM
Evansville Energy Loan Closer to Approval
The city of Evansville is closer to meeting a commitment for anew employer. Our partners at the Evansville Courier & Press report City Attorney Ted Ziemer believes a $4.8 million loan approval for Earthcare Energy LLC could happen as early as next week. The Texas company plans to locate at the former Whirlpool site.
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If the loan goes through, the proposal still requires Earthcare and Vectren Corp. (NYSE: VVC) to sign a purchase power agreement.
The initial proposal, announced by the city in March, includes plans for more than 120 jobs and an estimated $32 million in profit sharing.
Source: Evansville Courier & Press
