NIPSCO Plans to Close Coal-Fired UnitsPosted: Updated:
One of Indiana's largest energy providers has detailed a long-term strategy to significantly cut back on its use of coal. Merrillville-based NIPSCO has filed an Integrated Resource Plan with the Indiana Utility Regulatory Commission, which proposes retiring coal-fired units at Bailly Generating Station in Chesterton and two coal-fired units at R.M. Schahfer Generating Station near Wheatfield.
The shutdowns could take place in Porter County in 2018 and Jasper County by the end of 2023. The units in question represent 50 percent of the utility's coal power generation. NIPSCO President Violet Sistovaris says "customer needs and the energy industry continue to evolve, and it’s vital that we plan for tomorrow, today. We've identified a preferred path that provides customer and environmental benefits, reflective of our goal to focus on providing affordable, clean energy while maintaining flexibility for future technology and market changes."
The utility adds "the goal is to provide ongoing work opportunities for existing employees by proactively working with union leadership and affected employees."
NIPSCO says the type of energy that will replace the coal-fired equipment has yet to be determined, though it calls a combined-cycle gas turbine "a likely candidate" to eventually fill the void. If the planned retirements move forward, they would still need approval from Carmel-based Midcontinent Independent System Operator Inc. The company says it will rely on existing power generation through 2019, but may have a "narrow window" when purchased power will be used.
The utility says its generation portfolio has continued to diversify in recent years, with 72 percent of generation currently coming from coal, down from 90 percent in 2010.
You can connect to more details about the plan by clicking here.
NIPSCO's parent company, NiSource Inc. (NYSE: NI) has also released its third quarter earnings report, which showed an income from continuing operations of $23.7 million, compared to $14.8 million during the same period last year. You can connect to the full earnings report by clicking here.
Retirement Communities - What's The Appeal?
If you are retired, or soon to be, selling your home may be a consideration. But before you downsize to a smaller home, check out Continuing Care Retirement Communities. They have a big advantage other housing can't match! Continuing Care Retirement Communities (CCRCs), or life care communities, are facilities that...
Most Popular Stories
Triple XXX Root Beer Appears in Prime Time
A soft drink that carries the name of an iconic West Lafayette restaurant has been featured on a national television series. In a message on the Triple XXX Family Restaurant's Instagram page, co-owner Carrie Ehresman said the recent appearance of Triple XXX Root Beer on NBC's "Chicago Fire" was not product placement. She said the show's producers reached out through the restaurant's website and "we weren't sure we'd make the final cut until it aired!"
Parkview Plans Regional Medical Center Expansion
Fort Wayne-based Parkview Health has announced plans to expand its Parkview Regional Medical Center campus. The health system says the project includes a new six-story, 168,000-square-foot medical tower. The new facility will allow the hospital to add 72 inpatient beds.
Speedway Redevelopment Not an 'Overnight Success'
The town manager of Speedway says activities related to this weekend's 102nd running of the Indianapolis 500 will benefit the community the whole year. Jacob Blasdel says developments that along the Main Street district -- such as the mixed-use Wilshaw housing project, a soon-to-be-built hotel, Daredevil Brewing Co.'s headquarters and The Dallara IndyCar Factory -- continue to drive additional investors to consider the area. The recent interest and growth, Blasdel says, started...
Indiana Enhancing Partnership With Slovakia
Governor Eric Holcomb has signed a memorandum of understanding with the minister of economy from Slovakia. The Indiana Economic Development Corp. says the partnership aims to build on the established relationships between Indiana and Slovakia "while advancing collaborative efforts toward two-way investment, trade and workforce development."
Anthem Partnership Aims to Improve Health Care Delivery
Indianapolis-based Anthem Inc. (NYSE: ANTM) has announced a partnership with the Wharton School at the University of Pennsylvania. The collaboration involves the study and pilot of new ideas in an effort to improve health care quality, accessibility and affordability.