News Sections
Bloomington's Hoosier Energy Given Reprieve In Financial Case
Updated May 5, 2013 1:00 AM | Filed under: Network Indiana
 Print    Archive    RSS

(UNDATED) - A federal judge has agreed to grant a reprieve for Hoosier Energy Rural Electric Cooperative in a tangled financial deal with an insurance company.

The preliminary injunction gives the Bloomington-based utility more time to argue its case and avoid paying $120 million to John Hancock Insurance immediately.

Such a payout could have forced Hoosier Energy and its members to pass along the cost to customers.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2018 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback  |  Public File