Business news

Sarah Fentem / WBAA

10:00 p.m. Tuesday Update:

Some Tippecanoe County residents are hoping the Indiana Department of Environmental Management will hear them when they say a utility company’s expansion plan is bad news for the environment.

Private wastewater utility company American Suburban Utilities, which provides service to many residents on northwest of West Lafayette, has submitted a permit application that proposes to more than double the capacity of its Carriage Estates Treatment Plant, a move residents are opposing on both environmental and more pragmatic grounds.

Alan Berning /

Duke Energy is petitioning state regulators to allow for a 6 percent rate increase to pay for updates to its electric grid.

The electric company’s proposal to the state’s utility regulatory commission says the gradual six-year increase will pay for improvements to the power system, such as installation of so-called “self-healing” systems that quickly re-route power and isolate outages and digital meters.

Ben Loehrke /

After more than a year of delays, the Environmental Protection Agency has released numbers for the Renewable Fuel Standard, or RFS—the amount of biofuel which must be to be blended into the nation’s gas supply —for the years 2014, 2015 and 2016.

The numbers are up, and that’s big news in Indiana, one of the largest ethanol-producing states in the nation.

Flazingo Photos /

Indiana’s unemployment rate declined for the eighth consecutive month in October, hitting a 14-year low in the Hoosier State. 

The Indiana unemployment rate fell to 4.4 percent last month, the lowest level since August of 2001. 

The state’s private sector added jobs for the seventh time out of nine months in 2015 – though October’s additions were modest, merely 100 jobs. 

Gretchen Frazee / WFIU

Angie's List executives are betting on themselves, and not taking a proposed buyout.

The company’s board unanimously voted to turn down an offer from InterActiveCorp, agreeing that it wasn't in the best interest of shareholders. It was a decision they had seemingly reached before last week when IAC leaked details of its acquisition proposal to the public, in an effort to involve Angie's List stockholders in the decision.

Indianapolis Financial Advisor Pete Dunn says it’s typical for companies to ramp up pressure when their initial offers don't seem to have much traction.