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Indiana regulators reject Vectren gas plant over stranded asset concerns
Utility Dive: The order from the Indiana Utility Regulatory Commission (IURC) is another ding against utility megaprojects that used to define the sector.
For most of the last century, utilities built large-scale, centralized generation facilities to serve their customers. As the economy grew, power demand increased, allowing them to recoup the cost of big investments.
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