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Northern Indiana Public Service Company (NIPSCO) and the Clean Energy Infrastructure (CEI) business of Capital Dynamics, a global private asset management firm, signed a long-term Power Purchase Agreement (PPA) for 280MW of the power generated by a CEI-owned greenfield solar project called Gibson Solar.
Gibson Solar is one of two projects being developed by CEI in Gibson County, Indiana. Arevon Energy Management and Tenaska are co-developing this project.
Eight renewable energy projects have previously been announced by NIPSCO, which include a combination of similar purchase power agreements and joint ventures, as part of its customer-centric “Your Energy, Your Future” generation transition plan. The company plans to be coal-free by 2028, adding a combination of cleaner energy sources to its existing portfolio of natural gas and hydroelectric generation.
NIPSCO and Capital Dynamics Sign 280MW Solar Energy Power Purchase Agreement
Agreement furthers goal of bringing more affordable, cleaner energy to NIPSCO consumers
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NEW YORK and MERRILLVILLE, Ind., Dec. 16, 2020 /PRNewswire/ Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), and the Clean Energy Infrastructure (CEI) business of Capital Dynamics, an independent global private asset management firm, signed a long-term Power Purchase Agreement (PPA).
Capital Dynamics
Under the terms of the PPA, NIPSCO will purchase 280MW of the power generated by a CEI-owned greenfield solar project called Gibson Solar, one of two projects being developed by CEI in Gibson County, Indiana. Arevon Energy Management and Tenaska are co-developing this project and were instrumental in the signing of the PPA.
State recommends slightly lower rate increase for city utilities after hearings
COLUMBUS, Ind. The Indiana Office of Utility Consumer Counselor is recommending a slightly lower rate increase than what Columbus City Utilities originally requested.
The OUCC filed four pieces of testimony Friday regarding the rate case. Utility analyst Thomas Malan wrote in his testimony that while city utilities has requested a 79.46% increase over the course of three phases, he and the office of the utility consumer counselor recommend an overall rate increase of 74.02% (while still utilizing a phase schedule).
“Columbus requests an overall 79.46% increase to generate $3,533,277 of additional operating revenue per year,” he wrote. “Columbus proposes this increase be implemented in three phases with a Phase 1 increase of 43.66%, a Phase 2 increase of 16.78%, and a Phase 3 increase of 6.97%.”