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Day two of David Pecker testimony wraps in NY Trump trial; Supreme Court hears arguments on Idaho's near-total abortion ban; ND sees a flurry of campaigning among Native candidates; and NH lags behind other states in restricting firearms at polling sites.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken and a new federal rule aims to put the "public" back in public lands.

Conflict of Interest Questions in Rockport Gas Plant Bill

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Monday, April 22, 2013   

INDIANAPOLIS - Conflict-of-interest questions are being raised about two Indiana state lawmakers who've made changes to a Rockport gas plant bill intended to protect natural gas customers from paying for possible losses from an Indiana state contract with Leucadia National Corporation.

The contract guarantees that Indiana Gasification, a Leucadia subsidiary, will save natural gas customers $100 million at the end of the 30-year contract term. Ratepayer protections in the bill were weakened by Representative Matt Ubelhor, who works for Peabody Coal, and Senator Jim Merritt, who works for the Indiana Rail Road Company.

According to Kerwin Olson, executive director of the Citizens Action Coalition, ratepayers need the protective legislation because the state contract would otherwise leave them holding the bag.

"The public interest appears to be coming in second place to the special interests," he charged. "So, we're obviously hopeful that elected officials will do their due diligence and do their job, and make sure that the public interest is protected."

Senate Bill 510 would have had regulators review the contract every few years to protect ratepayers, and was broadly supported by half of the Senate, plus the Indiana Farm Bureau, the Sierra Club, Citizens Action Coalition, AARP Indiana, and the NAACP. The bill didn't make it to a vote, and was allowed to die after an amendment by Representative Ubelhor weakening regulatory review.

Vectren, an Evansville-based utility, opposes building the coal gasification plant in Rockport and estimates the deal will cost ratepayers over a billion dollars during the first eight years.

Jodi Perras, Indiana representative for the Sierra Club's Beyond Coal Campaign, said that without legislative protections for consumers, all Indiana natural gas customers and taxpayers are left in a poor financial position.

"Essentially there's going to be a surcharge on our natural gas bills because of this plant," she declared. "We're calling it the Leucadia tax. Leucadia is the name of that New York company that wants to build this plant, using our money and our loan guarantees, so they can make a profit."

Developers of the $2.8 billion plant say Senate Bill 510 would have killed the project. Representative Suzanne Crouch, the House sponsor, hopes to find a way to revive the legislation before the session ends April 29.

More information is at in.gov.




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