INDIANAPOLIS (AP) — Developers and opponents of deal for a state agency to resell gas from a proposed $2.6 billion plant in the Ohio River city of Rockport that would turn coal into synthetic gas to Hoosiers want the Indiana Supreme Court to review the deal.
The Evansville Courier & Press reports both sides have petitioned the high court to review the deal at the same time related legislation is winding its way through the Legislature.
A Court of Appeals ruling upheld the 30-year contract between developers and the Indiana Finance Authority. The agency would buy synthetic gas at a pre-negotiated rate and resell it to customers at a fixed rate.
If the Supreme Court overturns the deal, a bill set for a committee hearing Wednesday would restart the process.