Indianapolis-based AES Indiana has filed its 2022 Integrated Resource Plan with the Indiana Utility Regulatory Commission, which serves as a roadmap for the company’s power generation goals. The utility, a subsidiary of The AES Corp. (NYSE: AES), says the two-decades long outlook shows a dwindling reliance on coal powered generation and further adoption of wind and solar power.
“Our plan reduces our carbon dioxide emissions per hour of electricity generated by two-thirds from 2018 to 2030, while also saving our customers hundreds of millions of dollars in the coming years,” said AES Indiana President and Chief Executive Officer Kristina Lund.
AES Indiana, formerly Indianapolis Power & Light Co. serves 512,000 customers. It currently generates 3,600 megawatts of power, with half of the power coming from coal-fired plants and 42% from natural gas.
The IRP suggests it will generate an additional 1,300 MW of renewable power by 2027 through the use of wind, solar and battery energy storage.
The company says it plans to complete the conversion of two generational units in Petersburg from coal to natural gas in 2022. Once the process is completed, AES says it will no longer burn coal to generate energy.
“This meaningful, objective look at our shared energy future reflects extensive analysis and a robust stakeholder engagement process to ensure our resource decisions are inclusive and economical,” said Lund.
AES Indiana is projecting a 68% reduction in CO2 emissions by 2030, compared to 2018 levels.
The utility says it will be monitoring emerging technologies, such as green hydrogen, small modular reactors, and carbon capture, for inclusion in future planning including the next IRP in 2025.
Click here to access the IRP.