Ind. High Court Takes Up State Gas Contract Dispute

Law360, New York (June 7, 2013, 5:27 PM EDT) -- Indiana’s highest court has agreed to hear a dispute over a ruling invalidating the state's contract with Indiana Gasification LLC to purchase natural gas from a proposed $2.8 billion coal gasification plant, it announced Thursday.

According to a court filing, the Indiana Supreme Court has agreed to take up the case, which stems from a decision by the Indiana Regulatory Commission approving a set-price 30-year substitute natural gas purchase contract between the state’s finance authority and IG.

Under the terms of the deal, the state agreed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.