The office of Governor Mike Pence says a major announcement will take place Tuesday morning with United Parcel Service Inc. (NYSE: UPS) and a unit of Citizens Energy Group. The event in Indianapolis will focus on Kinetrex Energy, which is a subsidiary of Citizens that provides liquefied natural gas. The utility launched the unit in July to help the state become a leader in LNG and deal with the increasing cost of diesel fuel and gasoline.
Citizens says LNG is believed to reduce greenhouse gas emissions by more than 20 percent and costs between 35-40 percent less than diesel.
The utility also says market research suggests LNG demand in the Midwest is expected to hit at least 500,000 gallons a day by 2020.
Source: Citizens Energy Group
October 21, 2013
News ReleaseIndianapolis, IN – Governor Mike Pence will join representatives from Kinetrex Energy, a subsidiary of Citizens Energy Group, and UPS for a major announcement regarding energy and job creation. Details below.
Tuesday, October 22:
10:00 a.m. EDT – Governor Pence to join representatives from Kinetrex Energy and UPS for a major announcementSource: Office of the Indiana Governor