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

    • Increasing Women Leaders in Companies and Associations

      As members of an industry largely populated by male professionals, we see firsthand the need for more diversity. As Katie Culp, president of KSM Location Advisors, noted in a recent blog, diversity leads to better business decisions.

    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

    • Coal Loading Facility Planned For Princeton

      A subsidiary of Denver-based Hallador Energy Co. (Nasdaq: HNRG) has announced plans to construct a new truck-to-rail coal loading facility near Princeton. Sunrise Coal LLC in Terre Haute says the facility, known as the Princeton Loop, is expected to be complete in the spring of 2018. 

    • Opioid Withdrawal Treatment Lands FDA Clearance

      The U.S. Food and Drug Administration has given clearance for a medical device developed in Indiana to help treat symptoms of opioid withdrawal. The device, known as the NSS-2 BRIDGE, was created by Innovative Health Solutions Inc. in Versailles.

    • New Device Clears the Air for ER Docs

      Seconds matter in the emergency room, and it was having those critical seconds slip away that sparked the idea for a new medical device to help trauma patients breathe. 

    • The Critical Importance of Shared Vision

      Vision statements and vision exercises - many organizations have them, but do they work? Business literature on the power of vision exists in abundance. But the real challenge about this strategic element is achieving and acting on a truly shared vision. Make no mistake, the power of shared vision moves mountains, and it's worth the required effort. Here are some thoughts to consider.

    • On-Air

      Find out when and where you can watch and listen to our reports.