Chamber: Energy Bill 'Good First Step'

Posted: Updated:
Ellis says the bill addresses many issues that have been at a stalemate in recent years. Ellis says the bill addresses many issues that have been at a stalemate in recent years.
INDIANAPOLIS -

The Indiana Chamber of Commerce says an energy bill making its way through the Indiana General Assembly will help the state maintain a competitive edge and allow companies to better control energy costs. SB 309 aims to give businesses more flexibility in generating their own energy and increase transparency in utility rate reviews. Chamber Vice President of Energy and Environmental Policy Greg Ellis calls the measure a "good first step" to addressing energy costs that have risen over the past decade.

In the past, a company's energy generation facility had to be located on its premises, and the company had to own it. The bill would allow facilities to be owned by a third party and can be located on a contiguous property. Ellis says that gives businesses more flexibility in deciding whether they want to produce some or all of their own energy.

A second provision of the bill requires the Indiana Utility Regulatory Commission to post a summary of its most recent review of an electric utility's basic rates and charges on its web site. The electric utility subject to that review would also have to post a link on its site to the IURC summary.

The proposal would also raise the cap on the amount of excess energy utilities purchase from electricity suppliers that are not municipality-owned or REMC utilities. It also provides for competitive procurement when building an electric facility with a capacity to generate more than 80 megawatts.

The chamber calls the bill "truly a compromise of long-standing issues that industrial users and businesses, as well as residential ratepayers, have had with Indiana's investor-owned utilities." Ellis says many of those issues have been at a stalemate in recent years, calling the bill a positive effort to find middle ground among the parties involved.

Ellis says the measure will help keep Indiana's energy costs competitive with other states.
  • Perspectives

    • Making Numbers Work Harder For You

      Sencha CEO Art Landro believes the world has created more data in the last two years than in the preceding 5,000, and that we'll probably create even more than that before this year ends. In every aspect of our lives, we're absolutely drowning in data.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Indy as Amazon 'HQ2' Finalist a 'Powerful Statement'

      The chief executive officer of the state's technology growth initiative is comparing efforts to land Indianapolis a planned, $5 billion Amazon.com Inc. (Nasdaq: AMZN) headquarters to the city's 2012 Super Bowl bid. TechPoint's Mike Langellier says Indy's inclusion on a list of 20 finalists makes a "powerful statement" to other companies looking for prime locations. Langellier said the city meshes with what Amazon is seeking in areas including...

    • New Nonstops For South Bend, Fort Wayne

      New nonstop flights are coming this summer to South Bend and Fort Wayne. American Airlines to restart operations at South Bend International Airport with twice-daily flights to Dallas/Fort Worth International Airport and Charlotte Douglas International Airport. The airline is also adding daily nonstop service between Fort Wayne International Airport and Philadelphia International Airport.

    • Indy Companies Among Best For Remote Jobs

      Two Indianapolis-based companies are included in the “100 Top Companies with Remote Jobs in 2018” from job search website Flexjobs. The companies are ranked based on the number of remote jobs listed in 2017.

    • Indiana Conference For Women Names Executive Director

      The Indiana Conference for Women has named its first executive director. Marie Davis, who previously served as director of communications strategy for Lieutenant Governor Suzanne Crouch, will take on the newly-created role. Davis is also the co-founder and former chief executive officer of Keystone Message Integration in Carmel and a former board member for the National Association of Women Business Owners. Billie Dragoo-Garcia, co-founder of the Indiana Confe...

    • Amazon Bid Draws Eyes to Northwest Indiana

      The mayor of Hammond says, while northwest Indiana was not included in the list of 20 finalists to land Amazon.com Inc.'s (Nasdaq: AMZN) second headquarters, the region's pitch has drawn other interest. Tom McDermott tells our partners at The Times of Northwest Indiana another company is pursuing a $200 million development in the Lake County city. While he declined to name the company considering the investment, McDermott says it involves a tech project at the old State Line...