Hoosier Energy agrees to settlement
The agreement filed in federal court in Indianapolis also requires Bloomington-based Hoosier Energy to pay a $950,000 civil penalty and spend $5 million on environmental projects.
The U.S. Environmental Protection Agency alleged in 2008 that Hoosier Energy violated the Clean Air Act by modifying its Merom power plant in west-central Indiana without first obtaining needed permits.
Hoosier Energy says it will spend between $50 million and $100 million to add air emission controls at the Merom plant and the Frank E. Ratts power plant near Petersburg. The upgrades will cut the plantsÂ’ annual emissions about 24,500 tons.
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IEA warns fall in global energy investment may lead to shortages
MELBOURNE - An almost 20 per cent fall in global energy investment over the past three years could lead to oil and electricity shortages, and there are concerns about whether current business models will encourage sufficient levels of spending in the future, according a new report.
The International Energy Agency’s second annual IEA benchmark analysis of energy investment found that while the world spent $US1.7 trillion ($2.2 trillion) on fossil-fuel exploration, new power plants and upgrades to electricity grids last year, global energy investment was down 12 per cent from a year earlier and 17 per cent lower than 2014.
While the…
