Pharos-Tribune

Local News

September 20, 2013

Presentation of power plant agreements moved to December

LMU super: More time needed for negotiations

The presentation of agreements between the city and the company proposing to build a power plant have been extended from its originally anticipated release next month to sometime in December, Logansport Municipal Utilities Superintendent Paul Hartman announced in an email Wednesday.

Negotiations between the city and Pyrolyzer LLC, out of Boca Raton, Fla., over a generating plant that would be powered by refuse-derived fuel began earlier this spring. A power purchase agreement is expected to result from the talks. The agreement would establish electric rates.

A build-operate-transfer agreement, which will determine how long the company will own the plant before transferring it to the city, is also expected to come out of the talks.

Hartman said at last month’s Logansport Utility Service Board meeting that the agreements would be presented at a board meeting scheduled for Oct. 1.

In an email, he wrote the release is being moved to December because more time is needed for Pyrolyzer, the plant’s investors and the consultants hired by the city to assist with the project to complete and review the agreements.

“This meeting is later than presented to the [utility service board] in previous discussions, however, as you can appreciate, the development of these documents in Indiana is precedent-setting,” he states in the message.

Hartman went on to write the power purchase agreement is being reviewed by investors and that their feedback to the consultants is expected by the middle of October.

The build-operate-transfer agreement is currently undergoing “final development” by the consultants and will be presented to Pyrolyzer in two weeks, he continued.

The contract between the city and the consultants will take the parties through the remainder of the negotiations.

The ordinance passed by Logansport City Council in March authorizing Mayor Ted Franklin to negotiate with Pyrolyzer on behalf of the city states talks must conclude by the end of this year.

Text Only | Photo Reprints
Local News
  • Police Blotter: July 22, 2014 Have a tip? Anyone with information on a crime is encouraged to call Crime Stoppers at 800-222-TIPS. Information leading to an arrest or conviction could lead to a reward of up to $1,000.

    July 22, 2014

  • One dead, one seriously injured in crash on Division Road

    A Logansport man was killed and another was seriously injured in a single-vehicle crash Monday on Division Road.

    July 22, 2014

  • NWS-PT072214 Western Wildfires.jpg Local volunteer to help wildfire victims A Flora resident will be among the volunteers helping those affected by the wildfires in Washington State.Pat Rinehart was scheduled to fly out of Indianapolis International Airport Monday afternoon and join fellow American Red Cross volunteers at th

    July 22, 2014 1 Photo

  • NWS-PT072214 Lauren Ray.jpg Logansport graduate makes a go at Hollywood “Instincta,” the latest film by a 2008 Logansport High School graduate, will be screened at the Gen Con Indy Film Festival in Indianapolis in August.It is an action, thriller cop drama short film, starring Logansport native Lauren Zehner Ray, Michael

    July 22, 2014 1 Photo

  • EDU-PT072314 whitley lehr.jpg School's top honor goes to local grad Whitley Lehr chose Indiana University Kokomo because of its excellent School of Nursing. Receiving the campus’ most prestigious scholarships sealed the deal for each of her. The 18-year-old Delphi student called the Herbert Scholarship “a huge blessi

    July 22, 2014 1 Photo

  • NWS-PT072214-Gwin3-BCM Landis Elementary teacher back from China experience Steve Gwin has hundreds of pictures already on his new laptop, just months after buying it. He spent the month of June in China teaching to kids at two schools and chronicled about each adventure.Gwin teaches first grade at Landis Elementary and got

    July 22, 2014 3 Photos

  • Four injured when motorcycles collide Four people were injured Sunday when a motorcycle rear-ended another motorcycle. The accident occurred at 4:06 p.m. Sunday on the ramp from U.S. 35 North at U.S. 24, according to Cass County Sheriff Deputy Brad Craven. Riding a 2012 Harley-Davidson,

    July 21, 2014

  • Police Blotter: July 21, 2014 Have a tip? Anyone with information on a crime is encouraged to call Crime Stoppers at 800-222-TIPS. Information leading to an arrest or conviction could lead to a reward of up to $1,000.

    July 21, 2014

  • NWS-PT072014 Corn2.jpg Bumper crop? Corn farmers hopeful that good weather lasts Several Cass County corn farmers say they may see record-breaking harvests this fall thanks to “perfect” weather during the spring growing and summer pollination periods.“I think it’s going to be one of the best crops we’ve ever harvested,” southern

    July 21, 2014 4 Photos

  • Monticello puts cardboard to the test MONTICELLO — Lori Abbott has been collecting pieces of cardboard for months now, in anticipation of the Monticello Rotary Club Cardboard Boat Regatta.“After work, I go home and work on the boat,” Abbott said.The second annual cardboard boat race is h

    July 21, 2014

Featured Ads
More pharostribune.com
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Cat Fans Lap Up Feline Film Festival Michigan Plant's Goal: Flower and Die Veteran Creates Job During High Unemployment
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Poll

The Pence administration continues to cut Indiana agency budgets despite a state surplus of $2 billion. Is this wise management of state funds?

Yes
No
Not sure
     View Results
eEdition