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Investors - OCTOBER 21, 2021

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Northern Indiana Public Service Company details plans for electric generation portfolio

by Released

Northern Indiana Public Service Company (NIPSCO) has announced its refined plans for the future of its electric generation portfolio as part of the 2021 Integrated Resource Plan (IRP) public advisory process.

The company identified a Preferred Energy Resource Plan that refines the timeline to retire the Michigan City Generating Station to occur between 2026 and 2028. The plan calls for the replacement of the retiring units with a diverse portfolio of resources including demand side management resources, incremental solar, stand-alone energy storage and upgrades to existing facilities at the Sugar Creek Generating Station, among other steps. Additionally, the plan calls for a natural gas peaking unit to replace existing vintage gas peaking units at the R.M. Schahfer Generating Station to support system reliability and resiliency, as well as upgrades to the transmission system to enhance its electric generation transition.

This plan does not alter NIPSCO’s previously s

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