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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