The Indianapolis-based utility said it also will spend $5 million to mitigate what critics say has been harm to the environment caused by the plant’s excess emissions over the years.
IPL said a typical household customer would likely pay an extra $1.50 a month in the first year. That monthly amount would increase by $1.50 each year, or by a total of $10.50 a month by the seventh year.
A major Indiana utility company has agreed to pay a $1 million fine in settling a federal complaint that it discriminated against some 1,500 female or black job applicants.
The Petersburg Generating Station, about 120 miles southwest of Indianapolis, has been called a “super polluter” by environmental groups, with violations for excess sulfur dioxide, nitrous oxide particulate matter and sulfuric mist.
A Purdue University-affiliated startup recently received a $6.9 million grant from the Department of Energy to develop a system to predict when nuclear reactor components need maintenance or replacement before they fail and cause power outages.
Although the petition doesn’t say how much the utility will seek from customers, a Vectren spokeswoman said the project will cost $164 million.
The groups say they’re concerned about potentially “dangerous air pollution” being released by Riverview Energy’s planned $2.5 billion project in southern Indiana.
Duke said Thursday it will lease about 10 acres from the Purdue Research Foundation for the project it calls the Tippecanoe County Solar Power Plant.
More than 800,000 customers of Duke Energy Indiana could see their monthly bills jump if the utility receives state permission to increase rates for the first time in about 15 years.
Vincent Parisi will become the fourth leader of IPL since 2015, managing a utility that serves about 500,000 customers in central Indiana.
The utility had wanted to build the gas-fired plant to replace aging coal-burning units, but regulators said the plan was too risky and inflexible.
Scott Pruitt, the scandal-ridden former head of the Environmental Protection Agency, registered Thursday as fossil-fuels interests in the state fight to block the proposed closure of several coal-fired power plants.
The House voted 53-38 Thursday to strip language that would have prohibited the state from approving new power plants for two years, a move widely seen as delaying construction of renewable energy projects.
The House Utilities Committee advanced legislation this week along party lines that would prohibit state regulators from approving any large new power plants until 2021. Environmentalists and utilities say the move could interrupt the transition from coal to renewable fuels and natural gas.
The farms stretching over four counties and a portion of central Indiana would have nearly 300 wind turbines that could be spinning as early as 2020.
Rogers’ path to building the nation’s largest electric utility began in 1988, when he took over struggling PSI Energy in Indiana.
Two rural electric cooperatives that provide power to customers in the Indianapolis area are set to receive federal loans to improve their systems.
Federal prosecutors are conducting a criminal investigation into the natural gas explosions and fires that rocked three communities near Boston in September, killing one person and injuring 25 others.