Business briefs – July 7

State power agency honors senators

INDIANAPOLIS — State Senators Jim Merritt and Eric Koch were recently recognized by the Indiana Municipal Power Agency for their efforts this past legislative session in supporting IMPA and Indiana’s municipal electric communities.

During the 2017 Legislative Session, Senators Merritt and Koch authored Senate Enrolled Act 2, which modernizes the statute that originally created IMPA in the early 1980s. The new legislation recognizes many of the changes that have occurred in the electric utility industry over the past 36 years, including the evolving relationship between IMPA and its members. The act provides updates that allow IMPA to continue serving its member communities with low-cost, reliable and environmentally responsible power, as well as many other critical services, well into the future. It was passed unanimously by both chambers of the Indiana General Assembly earlier this year and signed into law by Gov. Eric Holcomb.

“As chairman of the Senate Committee on Utilities, it is one of my top priorities every session to ensure that Hoosiers across the state have access to reliable and affordable power,” said Senator Merritt. “It was my pleasure to work on Senate Enrolled Act 2 to further this goal.”

The Indiana Municipal Power Agency is grateful for the efforts of the two senators, said Raj Rao, IMPA president and CEO.

“The world, and more specifically the utility industry, have changed greatly since IMPA began operations back in 1983,” Rao said. “SEA 2 ensures that IMPA is able to maintain the strong partnership we have with our municipal electric community members, as well as continue to provide the customers in their service territories with reliable and low-cost power.”

The 2017 Legislative Awards were presented to Senators Merritt and Koch at the Agency’s monthly board meeting June 30.