Indiana Electric: Transitioning to a Cleaner Energy Future to Benefit Customers
Generation Transition
Positive Environmental Impact ● Maintaining Reliable and Affordable Service ● Flexible, Balanced and Diverse Portfolio ● Effective Regulatory and Legislative Partnerships
CenterPoint Energy’s long-term generation portfolio transition plan is designed to meet growing demand to provide cleaner energy for our region while maintaining the reliability our customers deserve and have come to expect. Our Integrated Resource Plan 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 plan is expected to be generated from renewable resources, reducing reliance on fossil fuels.
Transition Plan Goals by 2025:
- 700 -1,000 megawatts (MWs) of Solar Renewable Projects
- 300 MWs of Wind Renewable Projects
- Two Gas-fired Combustion Turbines at A.B. Brown
The construction of two natural gas generation turbines and the retirement of our smaller, inefficient coal units will continue to reduce our emissions and maintain our focus on the environment while providing our customers a cost-effective option for delivering safe and reliable energy.
The estimated $323 million turbine facility would be constructed at the current site of A.B. Brown power plant in Posey County, Indiana, and is expected to provide a combined output of 460 MW, sized appropriately to support the anticipated electric generation needed upon the proposed retirement of A.B. Brown units 1 and 2 in late 2023. Construction of the turbines will begin following receipt of approval by the Indiana Utility Regulatory Commission (IURC), anticipated in the second half of 2022. The turbines are targeted to be operational in 2025.
Highlights
June 2022 – CenterPoint Energy receives approval for the construction of natural gas generation from the IURC
- CenterPoint Energy intends to construct two natural gas combustion turbines to replace portions of its existing coal-fired generation fleet. The approval is a key step in the company’s long-term electric generation transition plan.
October 2021 – CenterPoint Energy receives approval for 400 MW of renewable energy serving southwestern Indiana
- Approval was received from the IURC to acquire a 300 MW solar array (the project was subsequently reduced to 200 MW), as well as to enter into a power purchase agreement (PPA) for an additional 100 MWs of solar energy.
August 2021 – CenterPoint Energy seeks approval for 335 MWs of renewable energy serving southwest Indiana
- The total 335 MWs from these developments is expected to supply enough power to meet the needs of more than 70,000 homes or 12,000 commercial customers per year.
June 2021 – CenterPoint Energy proposes natural gas combustion turbines to complement expanded renewables portfolio
- This component seeks to significantly change the way the company generates power and delivers on its commitment to provide a cost-effective, well-balanced energy mix for 150,000 customers.
February 2021 – CenterPoint Energy seeks approval for 400 MWs of renewable energy serving southwest Indiana
- The facility is expected to generate enough power to meet the needs of more than 50,000 households per year and help large customers achieve their individual sustainability goals.
Our generation transition plan involves forward-looking statements and risk and uncertainties. For more information, see “Cautionary Statement” and the risk factors included in our annual report on Form 10-K, our quarterly report on Form 10-Q for the period ended March 31, 2022, and in other reports we filed with SEC.