Indianapolis Power & Light

Indianapolis Power & Light Company Receives Approval for New 650 MW CCGT and Natural Gas Conversion of 200 MW Coal Plant

Indianapolis Power & Light (IPL), received approval from the Indiana Utility Regulatory Commission (IURC) for its request for a certificate of public convenience and necessity (CPCN), allowing IPL to invest approximately $600 million into a new 650 MW combined-cycle gas turbine (CCGT) power station near Martinsville, Indiana and $36 million to convert two units at the Harding Street Generation Station totaling 200 MW from coal to natural gas. The CCGT project will commence construction in third quarter 2014 and is expected to come online in 2017.

The Fortnightly 40 Best Energy Companies

A challenging year brings a change in the rankings.

(September 2012) Our annual financial ranking shows some remarkable shifts among the industry’s shareholder value leaders. Despite flat demand and low commodity prices, investor-owned utilities are investing heavily in capital assets. Investment discipline and operational excellence distinguish leaders on the path to financial performance.

CEO Forum: Facing the Future

Three CEOs, three business models, one shared outlook.

Cheap gas, regulatory uncertainties, and a technology revolution are re-making the U.S. utility industry. Top executives at three very different companies—CMS, NRG, and the Midwest ISO—share their outlook on the industry’s transformative changes.

Indiana Rules Coal Law Unconstitutional

Mirroring an earlier opinion by a federal district court, the Indiana Court of Appeals has struck down a state law that allowed regulators to offer special rate treatment and construction project preapproval to utilities that develop clean air compliance plans that would maximize the use of high-sulfur coal mined in the state. The court remanded the case to the Indiana Utility Regulatory Commission and agreed with a prior finding by the U.S. District Court (S.D.