Indiana Utility
Regulatory Commission
302 West Washington
Street, Room 306
Indianapolis
Indiana 46204
317.232.2297 office
317.233.1982 fax
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.
~30~