Good for our economy
Inspiring investment in Northern Indiana
Generating cleaner, lower-cost energy and selling the renewable energy credits associated with some of that generation to third parties will help save Indiana’s businesses and families money, making our region more economically competitive. What’s more, our state becomes more attractive to employers as well as residents once that lower-cost energy mix is achieved.
And don’t overlook the increased economic development and investment associated with the installation of renewable energy technologies, along with the extensive potential for retraining and workforce development opportunities within the renewable energy space.
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Customer benefits
By closing our higher cost coal plants and facilitating the development of many wind and solar resources, we expect to generate more than $4 billion in cost savings. And our customers can start seeing those savings as soon as 2023.
Environmental benefits
Our plan will reduce carbon emissions by more than 90% by 2028, compared to a 2005 baseline, by retiring all of our coal-fired generation. We are investing in renewable energy generation,* and NIPSCO customers will receive electric energy through a mix of resource fuels which are purchased via the MISO (Midcontinent Independent System Operator) power grid.
Your Energy, Your Future
We’re working toward a brighter future for Northern Indiana by focusing on the long-term strength of our local economy; delivering the best cost, most balanced and reliable energy; and reducing emissions to improve our environment.