- Associated Press - Friday, September 12, 2014

LOGANSPORT, Ind. (AP) — A northern Indiana city council has approved a development agreement for a proposed $800 million power plant despite some doubts remaining over the project’s financing.

The Logansport City Council voted unanimously Thursday night to approve the deal with an affiliate of French company Total Concept Solutions.

The agreement includes the company selling electricity from the natural gas-powered plant to the city for less than what it now pays Duke Energy.

The Pharos-Tribune reports Councilman Chuck LaDow says he is still worried about the lack information about the project’s financing but decided the agreement would be good for the city.

The developer faces a March 31 deadline to submit a $1.75 million franchise fee to the city. Council President Joe Buck tells WLFI-TV he believes that payment will satisfy some critics.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide