Indiana Utility Regulatory Commission
302 West Washington Street, Room 306
Indianapolis Indiana 46204
Contact: Mary Beth Fisher
March 13, 2002
IURC APPROVES AGREEMENT TO PROVIDE POWER FOR STEEL MILL
Today, the IURC approved a settlement agreement that will allow Wabash Valley Power Association, Inc., and Northeastern REMC to provide service to the proposed steel mill owned by Steel Dynamics Inc.
In Cause No. 42087, the Commissioners approved the settlement reached by Wabash Valley Power Association, Inc., the Indiana Office of Utility Consumer Counselor, Northeastern Rural Electric Membership Corporation. The Commission is satisfied that the rates, charges and fees set forth in the agreement provide sufficient revenues to cover the costs of service to the plant.