September 8, 2011
Contact: Rick Moore, Hoosier Energy (812) 876-0282
Hoosier Energy named to list of Top Utilities for Economic Development by Site Selection
Hoosier Energy is the sole electric cooperative selected by Site Selection as one of the publication's annual Top Utilities in Economic Development for 2011.
During the past 10 years, Hoosier Energy has been named to the list five times and received honorable mention in three other years. In partnership with its 18 member distribution cooperatives as well as state and local organizations, Hoosier Energy works to bring jobs and investment to local communities in southern Indiana and southeastern Illinois.
"Hoosier Energy's repeat selection as one of Site Selection's Top Utilities underscores our Board of Directors' commitment to economic development for our members and their communities," said Harold Gutzwiller, Hoosier Energy Manager of Member and Key Accounts. "Our power supply cooperative board has been dedicated to supporting efforts to bring jobs, investment and economic opportunity to our service territories for more than 25 years. That consistency is important."
Hoosier Energy and its members maintain a dynamic website, Hoosiersites.com, that provides information and tools to project decision makers. The site includes unique tools such as a freight calculator, tax abatement estimator and workers compensation calculator. As well, information is available on sites, buildings, incentives, labor, demographics and other topics required by businesses and industries looking for sites.
During 2010, a total of 53 new or business expansion projects were announced in Hoosier Energy member territories, creating $325 million in new investment and 2,300 jobs.
Site Selection, which delivers expansion planning information to 44,000 executives of fast-growing firms, bases its selection on a mix of criteria that include project activity in that company's territory, submitted materials from utilities, survey input from corporate end users and site consultants, website tools and data, innovative programs and incentives, and the utility's job-creating infrastructure and facility investment trends.
The other utilities selected include Alabama Power, Ameren, Duke Energy, Entergy Corp., FirstEnergy, Georgia Power, Hydro-Quebec, Progress Energy and Tennessee Valley Authority. More information is available at www.siteselection.com.
Hoosier Energy is a generation and transmission cooperative (G&T) with headquarters in Bloomington, Indiana. The G&T provides electric power and other services to 18 electric distribution cooperatives, which collectively meet the electricity needs of more than 750,000 residents, businesses, industries and farms. Hoosier Energy, Indiana's first power supply cooperative, operates five power plants, a renewable energy plant and a transmission network that includes 1,450 miles of high-voltage lines, 15 primary substations and nearly 300 delivery points. For more information about Hoosier Energy visit www.hepn.com.