Lebanon Reporter

State News

December 17, 2013

Ind. Supreme Court clears way for Rockport plant

INDIANAPOLIS (AP) — The Indiana Supreme Court has cleared the way for construction of a coal-gasification plant in Rockport, Ind.

The state's high court ruled unanimously Tuesday that an alteration of the contract the plant's developers signed with the Indiana Finance Authority did not constitute a significant change. Opponents of the project had argued the contract should be invalidated.

Under the contract, the state will buy the synthetic gas produced by the plant at fixed price for 30 years. The state would then resell the gas and consumers would either make or lose money. The state has not said how much it will pay for the gas.

Justice Mark Massa ruled in favor of the project after declining to recuse himself from the vote despite a close friendship with the project's lead developer.

 

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