Indianapolis, Ind. — During today’s final integrated resource plan (IRP) public advisory meeting, Indianapolis Power & Light Company (IPL) leaders presented a pathway that modifies its electric generation strategy through a forecast spanning 20 years. Stakeholders and meeting attendees reviewed IPL’s preferred portfolio as part of the IRP planning process overseen by the Indiana Utility Regulatory Commission (IURC).
During today’s meeting, IPL officials informed stakeholders its preferred resource plan retires two of the four units at its Petersburg Generating Station. IPL intends to file its IRP with the IURC next Monday, Dec. 16; as a result of the formal filing and need for replacement capacity, a third party will issue an all-source request for proposals on IPL’s behalf.
“The integrated resource planning process is an opportunity for IPL leaders to listen, learn, inform and engage with our customers and key stakeholders regarding future energy demand,” said Vince Parisi, IPL president and CEO. “We used key drivers such as economics, flexibility, optionality and grid reliability to model scenarios supporting our decision to invest in a more balanced energy mix, which minimizes risk to our customers and takes into account a rapidly-changing energy landscape.”
The IURC requires utilities conduct an IRP planning process every three years and considers various generation resource scenarios to best serve approximately 500,000 existing and future IPL customers. As part of the process, IPL held numerous public meetings that helped inform how to deliver safe and reliable electricity at cost-effective rates while mitigating immediate impact to our people and the Petersburg community.
To view a non-technical summary of IPL’s IRP, please visit IPLpower.com/IRP.
About Indianapolis Power & Light Company and AES
Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 500,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit www.IPLpower.com or connect with us at www.twitter.com/IPLpower, www.facebook.com/IPLpower or www.linkedin.com/company/IPLpower.
The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 14 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2018 revenues were $11 billion and we own and manage $33 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.
Indianapolis Power & Light Company