The Courier Press has an article on the Court of Appeals decision reversing the Indiana Utility Regulatory Commission’s approval of the Rockport Indiana Gasification deal. This seems like a big deal and yet I haven’t been paying attention to it.
If anyone cares to explain or has thoughts, please do.
From the article:
An appeals court ruling has thrown into question the future of a proposed coal gasification plant’s deal to sell its synthetic natural gas to Indiana and its utility customers for 30 years.
In a 2-1 decision, the Indiana Court of Appeals reversed the Indiana Utility Regulatory Commission’s approval of a controversial deal requiring Indiana natural gas customers to pay for energy from the plant planned for Rockport.
The court ruled that the Indiana Finance Authority’s contract with the plant’s developer, Indiana Gasification, went beyond what state lawmakers had authorized. Specifically, the court ruled that the contract’s inclusion of industrial transportation customers in the definition of “retail end use customer” violated the authorizing legislation passed by the General Assembly in 2009.
That means a new contract must be approved before Indiana natural gas customers are committed to buying the Rockport plant’s gas.