Pharos-Tribune

Breaking News

Local News

April 27, 2014

Purchase power agreement for proposed plant completed

Document to be released to public Friday

Logansport Mayor Ted Franklin announced the purchase power agreement for a proposed power plant is now final and will be released to the public Friday.

Franklin and Logansport Municipal Utilities Superintendent Paul Hartman said at a press conference April 25 the plant will run on natural gas first with the option of developing a renewable fuel alternative later on.

Franklin added he has been negotiating with Total Concept Solutions Logansport LLC, which was started by a developer out of France. He declined to reveal more about the developer for the time being.

The about 40-page purchase power agreement, or PPA, sets an initial rate of 5.3 cents per kilowatt-hour, Franklin said. Logansport Municipal Utilities, or LMU, customers currently get about 70 percent of their power from Duke Energy at a wholesale rate of about 7 cents per kilowatt-hour and the other 30 percent from LMU’s coal-powered plant on Race Street.

The agreement states this 5.3 cents per kilowatt-hour rate would remain in affect until December 31, 2020. The rate would then start to rise in accordance with the Consumer Price Index, Franklin added.

“I’m very comfortable with that,” Franklin said.

The exact size of the plant is yet to be determined. A 500-megawatt plant is estimated to cost about $803 million, Franklin said, while scenarios continue to be explored through negotiations of a plant requiring an investment of about $3.2 billion. All costs, including those associated with necessary improvements, would fall on the plant’s investors.

Development would require about 1,000 construction workers for at least two years, Franklin continued. LMU’s generating plant’s 31 employees would be hired on at the new plant along with the addition of about 160 others. Workers’ relationship with the American Federation of State, County and Municipal Employees would remain intact as well.

LMU’s average annual load amounts to about 70 megawatts per hour, meaning all excess power generated at the new plant would be sold on the grid. Franklin and Hartman said the PPA states the city and LMU would receive 4 percent of the plant’s gross sales. If a 200-megawatt facility is built and excess power is sold at 6 cents per kilowatt-hour — the smallest likely option — that would bring in a total of more than $4.2 million annually for LMU and the city. If a 2,000-megawatt facility is built and excess power is sold at 10 cents per kilowatt-hour — the largest likely option — that would bring in more than $70 million annually for LMU and the city.

Text Only | Photo Reprints
Local News
  • Fatal wreck UPDATE: Monticello woman killed in overnight wreck

    A Monticello woman was killed late Monday night in an automobile accident involving a car and semi-trailer truck in the northbound lane of U.S. 31 near the junction with U.S. 931.

    July 29, 2014 1 Photo

  • Pool sets Sunday at closing date

    The season will close at Tower Park Municipal Pool on Sunday, according to the Logansport Parks & Recreation Department. Final season activities will begin on Friday, including "Floatie Friday." Pool-goers are invited

    July 29, 2014

  • Police investigate possible stabbing

    A woman called 911 late Monday to report she had been stabbed in her Brookston home.

    July 29, 2014

  • Winamac woman dies in crash with county truck A Winamac woman is dead after failing to stop at an intersection and being struck by a Pulaski County Highway Department dump truck. Just before noon on Monday, Dollie Frinkle, 71, Winamac, was driving a 1996 Buick Park Avenue westbound on 100 South

    July 29, 2014

  • Indiana BMV asks court to delay vanity plate sales INDIANAPOLIS (AP) — The Indiana Bureau of Motor Vehicles has asked the state Supreme Court for permission to continue its suspension on sales of vanity plates until a court case is settled. The Indiana attorney general's office announced Monday it ha

    July 29, 2014

  • Police Blotter: July 29, 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 29, 2014

  • SPT - PT072914 Colts-pic [Duplicate] QB Luck making progress ANDERSON — Wind chill estimates put the temperature at 59 degrees Monday morning at Anderson University.During one stretch of his fifth training camp practice of the year, however, it likely felt much colder to Andrew Luck.The Indianapolis Colts quar

    July 29, 2014 1 Photo

  • District's tire collection effort still going strong If you’ve got old tires, the county still wants them.The Cass County Solid Waste District extended the county-wide tire collection program Monday for the next few weeks — or until the new semi-trailer is full at least.District director Bob Ehle has b

    July 29, 2014

  • Permanent road closure has Miami Co. residents worried PERU — Residents who live near a safety-flare company that’s expanding north of Peru spoke out against a proposal to permanently close a section of county road that runs through the company’s facilities.Orion Safety Products, located at 3157 N. 500 W

    July 29, 2014

  • NWS-PT072914 Legal Services3.jpg Church opens nonprofit immigration clinic She’s worried about her oldest daughter, now almost 18, who’s residing with strangers in Honduras.She talks to her daughter almost daily, she said, but the last time she saw her in person was when her daughter was 7 years old.That’s because she’s und

    July 29, 2014 3 Photos

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
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
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