The Indiana Supreme Court is set to hear arguments over a contract that would require the state to buy synthetic natural gas from a private southwestern Indiana plant and resell it on the open market.
Justices are scheduled to hear the arguments Thursday on a lower court ruling invalidating part of the 30-year deal between the state and Indiana Gasification. The company wants that ruling overturned. State lawmakers in April passed legislation that requires regulators to consider new ratepayer protections that weren't in place for the original contract.
Opponents including gas utility Vectren contend the 30-year deal would cost utility customers as much as $1.1 billion in higher rates.
Justice Mark Massa denied opponents' request to recuse himself from the case over his friendship with a top Indiana Gasification official.
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