Capital Spending at Coal-Fired Power Plants Dominates Indiana's Industrial Landscape in 2005

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). The Power Industry leads all industries in the state of Indiana for potential plant project construction starts in 2005. The Power Industry commands 58%, or about $3.8 billion of the total amount ($6.5 billion) of industrial projects currently under development in the state. Given that Indiana generates 80% or more of its electricity from coal-fired power plants, it is not surprising that most of the 52 Power Industry projects currently being monitored by Industrialinfo.com, are coal-fired power plant environmental upgrades. Cinergy Corporation (NYSE:CIN) (Cincinnati, Ohio) is planning more than $1.5 billion in capital expenditures at its Indiana coal-fired power plants, across thirteen projects. Seven of these projects are capital projects, including a potential new IGCC plant in Edwardsport, Indiana (See December 14, 2004 news article - Cinergy Eyes Edwardsport, Indiana, as Potential Site for Integrated Gasification Combined-Cycle Plant. The remaining six are planned maintenance outage projects on coal-fired units.

Click on the image at right to view an analysis chart of planned expenditures for Indiana by industry.

Second, after the Power Industry, is the Industrial Manufacturing Industry with 65 projects, representing $927 million total investment value (TIV). The automotive manufacturing sector accounts for about a third of the planned TIV, across eleven projects. One of the larger projects scheduled to begin construction in 2005 in this industry is a $175 million expansion at a General Motors (NYSE:GM)(Detroit, Michigan) truck assembly plant.

After Power and the Industrial Manufacturing Industries is the Oil & Gas Transmission Industry, which has only five projects, but represents about $577 million. Enbridge Incorporated, Citizens Gas & Coke Utilities, and Southern Union Company are all planning pipeline expansions in Indiana.

The Metals & Minerals Industry is looking at 23 projects, representing about $347 million. More than half of this will be spent at steel mills.

View Project Report – 11001886 11002437

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