St. Joseph natural gas plant in Indiana reportedly clears local hurdle

The South Bend Tribune reported Oct. 14 that the St. Joseph Ind., County Council has unanimously approved a development agreement and property tax abatement for the proposed St. Joseph Energy Center natural gas-fired electricity plant near New Carlisle, Ind.

GenerationHub has previously reported that St. Joseph Energy Center LLC plans to install a 675-MW natural gas power plant that would connect to the American Electric Power (NYSE:AEP) Dumont-Olive 345 kV line in Indiana.

St. Joseph is evidently affiliated with Energy Investors Funds (EIF) which is now part of Ares Management, L.P. (NYSE:ARES).

According to the county council agenda, the governing body was voting on “a resolution determining that the qualifications for an economic revitalization area have been met.”

The power plant represents a $500m investment. The project will also involve about 500 construction workers over three years. There will be 20 permanent full-time jobs at the plant, according to the newspaper report.

The Indiana Department of Environmental Management decided this summer that it would not require St. Joseph to re-permit recent changes to the project design.

 

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.