The proposal to build a coal gasification power plant in Rockport may not be dead yet.
Indiana Gasification LLC, which would convert coal to natural gas in Rockport, received confirmation Jan. 15 that the Indiana Finance Authority “remains willing” to set up a contract to buy gas from the plant.
There are still many legal hoops to jump through before things move forward.
The state, under the 30-year agreement, would buy gas the plant produces and resell it on the open market.
Utility customers would absorb profits and losses through their monthly bills. Supporters say the project would be an economic boon for southern Indiana.
Two major obstacles still need to be overcome before construction would begin on the plant.
First, the developers need to make sure it can be built on budget and second, Gov. Mike Pence needs to publicly support the project.