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Key Votes

SB 494 - Establishes New Standards for the Gasification Plant Project - Key Vote

Indiana Key Votes

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Stage Details

Legislation - Signed (Executive) -

Title: Establishes New Standards for the Gasification Plant Project

Legislation - Conference Report Adopted (House) (70-28) - (Key vote)

Title: Establishes New Standards for the Gasification Plant Project

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to adopt a conference report that establishes new standards for the Gasification Plant project.

Highlights:
  • Requires a buyer entering into a contract for the purchase of substitute natural gas from coal gasification facilities to submit the following information to the Indiana Utility Regulatory Commission for approval (Sec. 5):
    • A purchase contract that was originally submitted to the commission before  
    • January 1, 2012 and is subsequently modified to amend the definition of retail end use customers in the contract;
    • A purchase contact that was entered into after December 31, 2012; or
    • A purchase contract, or any other agreement, entered into between the authority and the producer, which is modified at any time, regardless of when the contract was entered into.
  • Authorizes the Indiana Utility Regulatory Commission to approve, reject, or require modification of a submitted purchase contract and to issue a final order not more than 180 business days after the date on which the purchase contract is submitted (Sec. 6).  
  • Specifies that the Commission shall consider the following factors, and any other factors the commission considers necessary, before finding that a purchase contract is in the public interest (Sec. 6):
    • Whether it will lessen the impact of price volatility in the natural gas market on retail    end use customers;
    • Whether it adequately apportions financial risk between the substitute natural gas producer and retail end use customer; and
    • Whether it allows retail end use customers to realize savings. 
  • Requires a party wishing to appeal a final order issued by the Indiana Regulatory Commission to do so only through an expedited direct appeal to the Indiana Supreme Court (Sec. 6).
  • Requires the Indiana Utility Regulatory Commission to report the results of the following studies in an electronic format to the General Assembly before November 30, 2013 (Sec. 7):
    • A study of the natural gas market including natural gas prices on both the open and captive markets; and
    • A study of the effect of the availability of substitute natural gas and shale gas on natural gas prices.
Legislation - Conference Report Adopted (Senate) (43-7) -
Legislation - Nonconcurrence Vote Passed (Senate) -
Legislation - Bill Passed With Amendment (House) (90-4) -
Legislation - Bill Passed (Senate) (50-0) -
Legislation - Introduced (Senate) -

Title: Establishes New Standards for the Gasification Plant Project

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