IURC News Release

Indiana Utility Regulatory Commission                                          

302 West Washington Street, Room 306                                                         

Indianapolis Indiana 46204                                                                  

317.232.2297 office

317.233.1982 fax



Contact:  Mary Beth Fisher


For Immediate Release                                                                 

August 15, 2001




The Indiana Utility Regulatory Commission today approved a request from Putnam Energy Center L.L.C to build and operate a 500 MW power generation facility. 


In Cause No. 41856, the majority of the Commissioners are satisfied that there is not only a generic need for power in the region, but also a particular need for the power that will be generated by the facility.


The evidence in this case also indicates that the facility should reduce the cost of power and provide additional power that, in turn, will benefit ratepayers in Indiana.  The company also agrees to operate its facility in a manner consistent with good utility practice that will not harm or cause harm to Indiana retail customers.


The plant will be located near the town of Cloverdale in Putnam County.  The company has submitted evidence that it has complied with local zoning and land use requirements, and has obtained or will obtain all local construction-related permits.


To allow the IURC to keep track of electric systems across the state, the order requires the company to keep the IURC informed of progress during construction.  The company is also required to seek prior approval of any transfer of assets owned by Putnam Energy Center L.L.C.


Electricity generated at the facility will be sold solely on the wholesale market.  Putnam Energy Center L.L.C does not intend and is not authorized by the IURC to sell any electricity generated from this facility to the public on a retail basis.


Putnam Energy Center L.L.C is a Limited Liability Company organized and existing under the laws of the State of Indiana.