Economic development agreement for gas plant
Spencer CountyIndiana- Detected
- Jul 21, 2026
- 104 days ago
- Sector
- Utilities
- Est. value
- Free account
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From the meeting
The commissioners approved an economic development agreement between Spencer County Indiana and Indiana Michigan Power Company for a new natural gas facility. The plant was described as an approximately 1,500-megawatt project filed with the Indiana Utility Regulatory Commission on July 20, 2026. The agreement includes a 10-year abatement and substantial negotiated payments, with total EPB obligation set at the greater of $144 million or 4% of construction cost.
This creates a major utility and infrastructure follow-on opportunity around site work, permitting, and project execution.
- Meeting date
- July 21, 2026
- Agency
- Spencer County
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