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Induron In the News

Induron Protective Coatings Launches New Epoxy Mortar

December 15, 2020By adminCoatings, Induron, Induron In the News No Comments

Induron Protective Coatings, an industrial pioneer of high-performance protective coatings for ductile iron sewer linings, water/wastewater treatment facilities, potable water storage, and electrical transmission and distribution, announces today the launch of its newest product, Mortarchem.

Induron Honored as Small Business of the Year Finalist

December 10, 2020By adminInduron, Induron In the News, Induron Values No Comments

Last week, Induron was honored as a finalist in the Business Council of Alabama’s Small Business of the Year Awards. The Small Business of the Year awards highlight, recognize and showcase the best of the best in small businesses across our state. 

Jeff White Honored as a Veteran of Influence

November 20, 2020By adminInduron, Induron Family, Induron In the News No Comments

Induron Protective Coatings is proud to announce that our Executive Vice President and General Manager, Jeff White, has been honored as a Veteran of Influence by the Birmingham Business Journal! 

Restoring Transmission Towers Around the World

August 17, 2020By adminCoatings, Induron, Induron In the News No Comments

By: Russell Hicks, Induron Sales Representative The number of aged galvanized towers around the world is large and budgets are tight. The utility owners face increasing pressure to substantially upgrade transmission lines using existing infrastructure. In such cases, the use of existing and often older towers makes economic and political sense.

An Interview with Andy Odorzynski

August 3, 2020By adminCoatings, Induron, Induron In the News, Induron Values No Comments

By: Andy Odorzynski, Induron National Sales Manager It’s not very difficult to make the argument that our world has a few too many trade shows. Many times it can be easy to get lost going through the motions at one show after the next. 

The Science Behind Protective Coatings

June 18, 2020By adminCoatings, Induron, Induron In the News No Comments

By: Jeff Lackey, Induron Technical Director Induron was recently featured in an article in CoatingsPro Magazine for our role in repainting a 7.5 million gallon water tank in Lancaster, PA. 

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While fixing foundations maintains what’s already there, applying Induraguard 9200 is like adding a fresh layer. It’s a new addition. The process needs to be done on a larger scale, so it’s important enough to be closely looked at by the Public Utilities Commission (PUC). With the huge U.S. electrical grid that can rust over time, the importance is clear. When this helps a structure stay useful for much longer and costs much less than getting a new one, it’s a real benefit for ratepayers.

“Why should the ratepayer or the environment be asked to bear the cost of a new tower when coatings can be used to keep the one we already have operating indefinitely at a much lower cost?”

In PG&E’s success rate case proposal, FERC highlighted that comparable accommodations have been extended to prominent utilities such as Georgia Power and Southern California Edison. This ruling established a much-needed precedent and framework for other utilities to make the case that they have a responsible coatings program. Such programs can significantly enhance existing structures and potentially extend their operational lifespan by two decades or beyond.

FERC (Federal Energy Regulatory Commission) Update Enables Capitalization of T&D Coatings Initiatives

Formerly, utility companies could include replacement costs for transmission towers and poles in their capitalization, but corrosion control for these assets was excluded. A groundbreaking shift introduced by the Federal Energy Regulatory Commission now allows utility providers to categorize corrosion control programs (coating programs) for transmission structures as a “significant addition,” thereby enabling them to capitalize these expenses for accounting purposes. This alteration is poised to significantly impact the condition of the nation’s aging electric utility infrastructure.

On February 22, 2022, the Federal Energy Regulatory Commission (FERC) approved a utility company’s proposal to classify their tower coating programs as “substantial additions.” The order (1) clarifies, “The Commission has previously permitted utilities to consider the addition of minor property items that were previously absent as substantial additions and to capitalize the related costs when such costs extend the useful life, operational capacity, or efficiency of the associated retirement units.” Utility companies are now authorized to capitalize on the costs linked with corrosion control. This change aligns with generally accepted accounting principles (GAAP) and offers various financial advantages, including a more balanced assets-to-liabilities ratio and reduced income fluctuations.

In numerous instances, corrosion control solutions such as coatings have been repeatedly applied to structures, demonstrating anticipated performance and proven outcomes. Corrosion control coating programs, such as Induraguard 9200, possess the capacity to effectively prolong the service life of structures indefinitely.