LOGANSPORT, Ind. (WLFI) – Plans for a proposed power plant in Logansport move one step forward. It’s all thanks to a unanimous vote by the Utility Service Board to approve a power purchase agreement.
It was a divided crowd Tuesday evening. While some expressed to board members they should take their time with such a big decision, others broke out into a round of applause after the vote.
As News 18 has already reported, the agreement is between the city and Total Concept Solutions for a new $800 million power plant. The agreement sets a fixed rate of 5.3 cents per kilowatt hour for the first three years of operation. Total Concept Solutions will pay all costs related to building the natural gas plant.
After hearing from several people, the board unanimously voted to approve a power purchase agreement. It’s one of two agreements that need the board’s approval. The other is a development agreement, which some residents feel should have been in place before the board voted on the power purchase agreement.
“They’re just agreeing to this document that sounds too good to be true, because it is. They act like they’ve accepted this development agreement that they’ve never seen. It’s a game. It’s just a game,” said Jim Brugh, a resident and attorney who has been involved with some of the legal challenges filed against Logansport in the last year.
“The development agreement was supposed to be a part of the purchase power agreement and when you cannot review the development agreement, the first question is why should you approve the power purchase agreement? So, the approving resolution said it’s conditioned on each other, which alleviates some of that concern,” said Paul Hartman, Logansport Municipal Utilities Superintendent.
The city council is slated to vote on the power purchase agreement and the development agreement at its meeting on June 16 and again on June 23. The Utility Service Board will then vote on the development agreement at its meeting on June 24.
If any government entity votes either agreement down, the power plant will not likely happen.