A federal grand jury has indicted a 59-year-old Pensacola business owner for conspiring to sell and export power generating equipment to Iran. James Meharg, president and CEO of Turbine Resources International, is accused of conspiring to export an industrial-sized turbine engine to Iran in violation of the Iranian Transactions and Sanctions Regulations. Meharg is scheduled to stand trial September 3rd at the U.S. Courthouse in Pensacola.