IPL has filed petitions with the Indiana Utility Regulatory Commission to install $100 million worth of pollution controls at Petersburg, a move it says will allow it to meet strict environmental regulations.
About 470,000 customers of Indianapolis Power & Light Co. can expect to see their monthly bills increase after state regulators approved an order allowing the utility to collect an additional $29.6 million in annual revenue.
The utility said Monday it has reached a settlement agreement with the Indiana Utility Consumer Counselor and some consumer groups on its new plan, which calls for updating and replacing aging substations, utility poles, power lines and transformers.
Duke Energy's settlement with four consumer and environmental groups likely means an end to all serious opposition to the $3.3 billion plant, one of the most expensive projects in Indiana history, which has been mired for years in controversy.
The Federal Energy Regulatory Commission said in a ruling that changes should be made to the Midwest Independent System Operator Inc.’s forward capacity auctions. Carmel-based MISO manages the electricity network for 15 U.S. states.