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

    • Ahh…Yes! Turning a Hot Mess into a Cool Breeze

      "Problems cannot be solved by the level of thinking that created them," is attributed to Einstein over 75 years ago. This still holds true, particularly in challenging communications. Many people address conflict at the level it was created by rehashing and building more evidence for their ‘side’ of an argument. Repeating a position tends to intensify the separation of people.

    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

    • Bob Stutz

      New Role For Salesforce Exec

      After three years on the job, Salesforce Marketing Cloud Chief Executive Officer Bob Stutz is moving into a new role. Stutz, who will remain in Indianapolis, is now executive vice president of strategic partners at Salesforce (NYSE: CRM).  Since arriving in Indianapolis, Stutz has overseen the establishment of the company’s regional headquarters in downtown Indianapolis, which included the Salesforce name being placed atop the state’s tallest building.

    • Purdue Global Now Offers Analytics Degree

      The U.S. Bureau of Labor Statistics reports that jobs in the field of data analysis are projected to grow 26 percent over the next ten years. Acting upon that data, Indianapolis-based Purdue University Global has launched a new Bachelor of Science degree program in analytics. 

    • Aasif Bade (pictured left) is president and Patrick Chittenden (pictured right) is executive vice president of Ambrose Property Group.

      Waterside Developer: City Has 'Violated Our Rights'

      The chief executive officer of Indianapolis-based Ambrose Property Group says the firm is preparing for litigation regarding the future of the former GM Stamping Plant site. In a response to a letter from the city of Indianapolis this week, Aasif Bade says the city's continued threat of acquiring the site of the $1.4 billion Waterside redevelopment project through eminent domain "has violated our rights and is harming the community by putting Waterside in a state...

    • (photo courtesy of the Center for the Performing Arts)

      Center for the Performing Arts Launches Naming Campaign

      The Center for the Performing Arts in Carmel is looking for its first-ever corporate naming partner. The nonprofit, which is approaching its 10th anniversary, says it hopes to find a partner with a “shared vision of advancing the arts and educational programming, unifying the community and extending the center’s impact.” The campaign to find a partner follows a strategic planning process, which involved an independent analysis from Chicago-based sponsorship...

    • Red Star announced plans to expand and add 18 jobs.

      Larwill Medical Device Maker to Expand, Add Jobs

      A Whitley County-based medical device maker has announced plans to expand its facility in Larwill which should mean new jobs. Red Star Contract Manufacturing Inc. says it will invest $1.6 million in real estate improvements and additional equipment and will create 18 new jobs by 2022.