The Indiana Utility Regulatory Commission has approved a settlement agreement involving residential rates for Fort Wayne-based Indiana Michigan Power. I&M says as a result, residential customers will see a nearly $95 million reduction over two phases.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) says it has entered into an agreement to acquire Meritor Inc. (NYSE: MTOR) in Michigan in a deal valued at $3.7 billion. Meritor is a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain products for the commercial vehicle and industrial markets. Cummins CEO Tom Linebarger calls the acquisition an important milestone for the company as it works to develop more zero carbon products.... Read More
Terre Haute-based Hallador Power Co. LLC has announced plans to acquire the Merom Generating Station in Sullivan County from Bloomington-based Hoosier Energy. The deal includes a power purchase agreement in which Hoosier Energy will purchase energy produced at the coal-fired plant.... Read More
Israel-based Doral Renewables LLC has received more investment for its massive solar project in northwest Indiana. Migdal Insurance, also based in Israel, says it has committed up to $75 million in additional funding in the second phase of the Mammoth Solar project, bringing its total direct investment to $175 million.... Read More
An Indiana Court of Appeals has ruled against CenterPoint Energy and in favor of environmental and consumer groups when it comes to solar panels and the price of energy.... Read More
Fishers-based American Resources Corp. (Nasdaq: AREC) has announced a partnership between its subsidiary, American Rare Earth LLC, and HG Ventures LLC, the venture capital investment arm of Indianapolis-based The Heritage Group. The company says the effort will put the partners on the path to becoming the first and lowest-cost producer of domestically-sourced, purified and sustainable battery and magnet metals.... Read More
Fort Wayne-based Indiana Michigan Power has announced plans for an electric transmission network upgrade in Grant and Blackford counties. The $45 million project will upgrade operational performance and reduce the likelihood of extended power outages and the need for frequent equipment repairs.... Read More
The winner of the inaugural Indy Autonomous Challenge has launched a spinoff company. TUM Autonomous Motorsport, the team from Technische Universität München in Germany, says driveblocks aims to develop a platform for fully autonomous vehicle applications.... Read More
A small business in Muncie has completed the installation of a new solar field. Small Engine Warehouse, a small gasoline engines and outdoor power equipment parts dealer, says the project will offset electrical costs for daily operations.... Read More
Elkhart-based Thor Industries Inc. (NYSE: THO) has inked a Memorandum of Understanding with ZF Friedrichshafen AG, a vehicle technology company based in Germany. Thor says the partners will focus on the continued joint development of a high-voltage electric drive system for towable recreational vehicles.... Read More
Just months after the checkered flag waved on the inaugural Indy Autonomous Challenge at the Indianapolis Motor Speedway, organizers are taking the next step in autonomous racing.... Read More
Carmel-based Solential Energy Solutions is looking to be the first to bring a unique form of solar power generation developed in Europe to the Midwest. ... Read More
A West Lafayette-based company has completed a unique solar microgrid system in Decatur County. Emergent Solar Energy, which is based out of the Purdue Research Park, says the system includes... Read More
Governor Eric Holcomb has joined his counterparts in Illinois, Michigan, Minnesota and Wisconsin in a collaboration to boost electric vehicle charging infrastructure throughout the Midwest. ... Read More
A solar project east of Indianapolis is underway. London-based Lightsource bp says it has secured funding for and begun construction on the Bellflower Solar project in Henry and Rush counties. ... Read More
Chicago-based Amp Americas II LLC has acquired a dairy renewable natural gas operation in Fair Oaks. The company, which developed the project for California-based Generate Capital, says the acquisition, along with one other outside Indiana, has tripled the size of its carbon-negative fuels portfolio.... Read More
The Indiana Utility Regulatory Commission has approved a settlement agreement over a rate increase request from the Indiana-based gas utility for CenterPoint Energy Inc. (NYSE: CNP). The Indiana Office of Utility Consumer Counselor says the agreement will reduce the utility's annual base rates by nearly $6 billion, though customers will still see increases on their bills.... Read More
Plainfield-based Duke Energy Indiana has filed a $1.9 billion plan with the Indiana Utility Regulatory Commission it says will improve the reliability of its statewide network. If approved, the utility says the plan would increase rates an average of 1% per year over five years beginning in 2024.... Read More
Fort Wayne-based Indiana Michigan Power has reached a settlement agreement with the Indiana Office of Utility Consumer Counselor and other parties over its proposed rate case. If approved by the Indiana Utility Regulatory Commission, the deal will result in a 5% reduction in base rates for Hoosier residential customers.... Read More
Indianapolis-based Duke Realty Corp. (NYSE: DRE) says it is aiming to achieve carbon neutrality for its operations by 2025. The Real Estate Investment Trust says it also plans to achieve carbon neutra... Read More
