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
  • Board approves gravel pit in Walton Homeowners in the area of a proposed gravel pit and other interested Cass County residents packed the commissioners hearing room Monday night to voice their concerns over the pit that local firm Engineering Aggregates Corp. wants to dig, only to have

    July 28, 2014

  • Cass Co. deputies assist in high-speed pursuit

    An Illinois man driving at speeds of 120 mph led officers from three counties on a high-speed chase Sunday before crashing into a utility pole.

    July 28, 2014

  • Illinois man leads police on high-speed chase PERU — An Illinois man driving at speeds of 120 mph led officers from three counties on a high-speed chase Sunday before crashing into a utility pole. Peru police say Isaac K. Hoefling, 31, Lamont, Illinois, was first pulled over by Howard County dep

    July 28, 2014

  • Teachers worry about revamped ISTEP test INDIANAPOLIS (AP) — Indiana teachers heading back to classrooms starting this week are facing the daunting task of preparing students for a standardized test that's been retooled for the third time since 2009. Some teachers and district administrator

    July 28, 2014

  • Police Blotter: July 28, 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 28, 2014

  • NWS-PT072814 McKinley Mortar Work on Logansport senior-living facility continues The transformation of a building on Logansport’s north side that formerly accommodated children is expected to be complete this fall, when it will start catering to those on the other end of life’s timeline.Indianapolis-based Crestline Communities ha

    July 28, 2014 3 Photos

  • History, carnival set for Delphi DELPHI — One hundred and fifty-nine years ago, the founders of Carroll County gathered together to catch up and connect, as it was one of the only ways to do so back in 1885.Referred to as the Carroll County Old Settlers’ Meeting, it still lives on t

    July 28, 2014

  • Eric Peters Veteran on cross- country mission PERU — Eric Peters is on a 2,700-mile mission.As a 23-year-old Army veteran who served in Afghanistan, Peters is used to missions. But this one is personal.Thirty-five days ago, he started a cross-country trek from his home in Clark, New Jersey, that

    July 28, 2014 1 Photo

  • Purdue corn specialist: Cool weather's effect on crop could differ from 2009 WEST LAFAYETTE — The next two months will determine whether the Indiana corn crop produces high yields as expected or is significantly damaged by any unforeseen, drastic changes in weather and diseases, Purdue Extension corn specialist Bob Nielsen sa

    July 28, 2014

  • Late-season herbicide may be ineffective, scientist says WEST LAFAYETTE — For farmers seeing weeds in their crop fields this late in the growing season, hand-rouging and pulling them by hand may be the best way to remove them, more so than using a herbicide, a Purdue Extension weed scientist says.“The majo

    July 28, 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
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
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

Should grocery and convenience stores be allowed to sell cold beer?

Yes
No
Unsure
     View Results
eEdition