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Leucadia National Corporation Message Board

  • granicus007 granicus007 Apr 25, 2011 8:16 AM Flag

    $2.65 Billion NatGas plant-talley ho!

    ROCKPORT, Ind. — The developers of a proposed southwestern Indiana coal-gasification plant are seeking state permits to build and operate the $2.65 billion plant.

    Indiana Gasification LLC has asked state environmental regulators for the permits, which are needed before it can begin building the plant along near the Ohio River town of Rockport. Indiana Gasification is owned by New York investor Leucadia National Corp.

    The Indianapolis Star reports that investors also need a federal construction loan guarantee and the Indiana Utility Regulatory Commission's approval for the plant, which would turn coal into synthetic natural gas.

    Most of that gas would be sold to a state agency called the Indiana Finance Authority under a proposed 30-year deal.

    Consumer advocates have questioned why state got involved in helping guarantee a market for the plant's developers.


    Information from: The Indianapolis Star,

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