IPL to Cut Ribbon on Natural Gas Plant

Posted: Updated:
(photo courtesy Indianapolis Power & Light Co.) (photo courtesy Indianapolis Power & Light Co.)
MARTINSVILLE -

Officials from Indianapolis Power & Light Co. will Tuesday cut the ribbon on its $600 million natural gas plant in Morgan County. The utility says the plant reduces the rate of key emissions by 98 percent compared to the coal and oil-fired units it has replaced.

The Combined-Cycle Gas Turbine natural gas plant is located at IPL's Eagle Valley Generating Station in Martinsville and has been in the works for several years. In May, IPL Chief Executive Officer Craig Jackson appeared on Inside INdiana Business with Gerry Dick and said the plant will have a major boost to the economy in Morgan County.

You can view the interview with Jackson by clicking the link below.

IPL says the facility, along with the conversion of coal-fired units at its Harding Street location in 2016, makes natural gas the utility's largest source of generating capacity. Indiana Secretary of Commerce Jim Schellinger will join IPL leaders for the ribbon cutting ceremony.

IPL is currently seeking approval from the Indiana Utility Regulatory Commission to increase rates to help offset the cost of the facility. The Indiana Office of Utility Consumer Counselor said the amount the utility is looking to raise through the increase, about $97 million, is unnecessary. The OUCC has recommended a smaller increase of less than $5 million.

The IURC is expected to make a ruling on the rate increase request later this year.

  • Perspectives

    • Seven Steps to Overcome Your Fear of Writing

      "I hate to write!" While that phrase is music to my ears, because it ensures my income will persist, it also saddens me. Far too many people dislike writing, largely because they’re intimidated by the process of knitting words into sentences and sentences into paragraphs. Nearly everyone needs to write from time to time, and the ability to assemble words in a coherent way can impact your success. Whether you have to write reports, proposals, memos, or even emails...
    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

    • Hoosier Companies Among 'Most Admired'

      Two Indiana companies are included in Fortune's 2019 list of the "World's Most Admired Companies." The list was determined by a survey of nearly 4,000 executives, directors and analysts who rated companies in their own industries based on criteria such as investment value, quality of management and ability to attract talent.

    • Books & Brews Acquires Flat12 Bierwerks

      Indianapolis-based Books & Brews has announced its acquisition of Flat12 Bierwerks, also based in Indy. Financial terms of the deal are not being disclosed, however Books & Brews says it will continue to operate Flat12 under the same brand name. The acquisition is a continuation of an existing partnership between the two entities. Books & Brews says Flat12 has been a brewery partner for the past two years, brewing all of B&B's flagship and seasonal beers.

    • Hoosier Companies Among 'Best and Brightest'

      Two Indiana companies are among more than 500 selected by the National Association for Business Resources as the 2018 Best and Brightest Companies to Work For in the Nation. The winners were chosen by an independent research firm from more than 2,400 nominations.

    • Indiana Liquor Group to Buy Save-On Liquor Chain

      Indiana Liquor Group LLC will work with the Indiana Alcohol & Tobacco Commission this week for final approval of its purchase of Save-On Liquor stores. Our partners at The Herald Bulletin report Phillip E. Miller agreed to sell the 31-location package store chain to ILG last month. 

    • Cook: Location, Funding Among Eleven Park Questions

      Several ambitious economic development projects are already taking center stage this year, particularly in central Indiana. Indianapolis-based KSM Location Advisors Chief Executive Officer Tim Cook and President Katie Culp say efforts like Eleven Park, which would include a new stadium for the Indy Eleven soccer team, and a potential casino in downtown Indianapolis are among the key projects being talked about. On the (i) on Economic Development segment on Inside INdiana Business...