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Induron

Induron Success Story: Upper Merrion Wash Water Tanks

January 1, 2021By adminCoatings, Induron, Project Spotlight No Comments

Aqua Pennsylvania scheduled a complete repainting for two 250,000 gallon Wash Water Tanks in late summer/early fall of 2020 as a part of its ongoing tank maintenance program. Each tank was to be completely blast cleaned (interior SP 10 near white blast; exterior SP 6 commercial blast); however different prime coats were applied to each … Read More

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. 

Showcasing Product Innovation in a Digital World with Epoxy Modified Mortar

December 7, 2020By adminCoatings, Induron, Induron Values No Comments

Induron’s business is built on family and culture. Which is to say, a business built on relationships. It is who we are. Simon Sinek’s now-famous TED talk encourages us to “start with why” in building our businesses and our lives. Strategy can tell us what we are going to do and how we want to … Read More

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! 

Induron Visits Banks Academy

November 12, 2020By adminInduron, Induron Family, Induron Values No Comments

By: Kassidy White, Induron Chemist, and Davies Hood, Induron President Founded in 2015 with the goal of providing quality education in a Christian environment, Banks Academy is an accredited Private Christian High School in the East Lake area of Birmingham, Alabama.   

Join Induron at PaintSquare Connect

October 19, 2020By adminCoatings, Holidays and Events, Induron No Comments

Since the inaugural event, Induron has never missed a Contractor Connect, and we’re not missing it this year! Join Induron virtually at PaintSquare Connect on November 10-11, 2020. 

Induron Success Story: Industrial Metal Roof Painting

October 12, 2020By adminCoatings, Induron, Project Spotlight No Comments

By: Jamie Laird, Induron Sales Representative I have been selling paint in one way or another for the past 25 years. It’s always my greatest pleasure when I can provide a unique solution to a corrosion problem that is either difficult or not well understood. This was the case with a large galvanized metal roof … Read More

Success Story: Formoso, KS Cone-Top Tank

October 5, 2020By adminCoatings, Induron, Project Spotlight, Wastewater Industry No Comments

By: Paul Powers, Induron Sales Representative The right coatings and an experienced applicator brought an old-style “Cone – Top Tank” located in Formoso, Kansas out of the past and into the future!

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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.