INDIANAPOLIS -- The state Supreme Court has agreed to step into a dispute over the building of a $2.8 billion coal-gasification plant proposed for southwest Indiana.
The court on Thursday agreed to hear Indiana Gasification LLC's appeal of an Indiana Court of Appeals ruling that invalidated a portion of the company's contract requiring the state to buy and resell the plant's synthetic natural gas for 30 years.
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Opponents of the Rockport plant including natural gas utility Vectren Corp have said the contract would cost Indiana utility customers as much as $1.1 billion in higher rates.
Legislation approved in April requires regulators to consider new ratepayer protections. Developers suspended work on the project days after the bill's passage.