Our Integrated Resource Plan (IRP) is a 20-year forecast that outlines how we will serve our Indiana customers in a safe, reliable and economic manner.
CenterPoint Energy’s long-term transition plan seeks to decarbonize the way we generate power and deliver on our commitment to provide reliable, cost-effective and safe energy for our 145,000 customers in southwest Indiana.
CenterPoint Energy’s IRP provides for reliability and mitigates risk, while expecting to save electric customers an estimated $320 million over the 20-year planning period. Nearly two-thirds of the energy included in the new plan will be generated from renewable resources, reducing reliance on fossil fuels.
The IRP will retire coal generation units and replace them with a significant investment in renewables, including a large percentage of universal solar. It considers a broad range of conditions and variables to determine a preferred energy mix, which allows CenterPoint Energy to meet future electric energy demand safely and reliably.
Natural gas combustion turbines to complement expanded renewables portfolio
CenterPoint Energy has filed an application with the Indiana Utility Regulatory Commission (IURC) requesting approval to construct two natural gas combustion turbines to replace portions of its existing coal-fired generation fleet.
The construction of the natural gas generation turbines is the next step in CenterPoint Energy’s long-term plan to deliver on the commitment to introduce significant renewables and natural gas into our energy generation portfolio. The retirement of our smaller, inefficient coal units and adding the natural gas combustion turbines will continue to reduce our emissions and maintain our focus on the environment while providing our customers cost-effective, safe and reliable energy.
Construction of the turbines will begin following receipt of approval by the IURC, anticipated in the second half of 2022. The turbines are targeted to be operational in 2024.