IndianaDG will provide an update as soon as additional information becomes available. For additional background, please see these past stories:
Will this mean another CPCN or certificate of need case before the IURC? I think the answer is "yes". But will IPL also need to file a general rate case soon? Some observers believe that a general rate case is long overdue. That's the $64,000 question. Stay tuned to IndianaDG.net!
updated: 5/1/2013 7:19:00 AM
IPL Plans Major New Plant
Inside INdiana Business has confirmed Indianapolis Power & Light Co. will Wednesday announce plans for a $631 million generating plant in Martinsville. The project that could result in more than 600 construction jobs and 25 permanent positions still needs approval from the Indiana Utility Regulatory Commission.
April 30, 2013
Indianapolis, Ind. -- Indianapolis Power & Light Company (IPL) plans to make a major announcement in Morgan County on Wednesday, May 1, 2013 at 10:00 a.m. in Pritchard Park. IPL leaders, Indiana Governor Mike Pence, Morgan County government officials and economic leaders will be in attendance.
WHAT: Indianapolis Power & Light Company Press Conference
WHEN: Wednesday, May 1, 2013; 10:00 a.m. - 10:30 a.m.
WHERE: Pritchard Park, 4040 Blue Bluff Rd., Martinsville (across from Eagle Valley Generating Station)
WHO: Indiana Governor Mike Pence, Representatives from Indianapolis Power & Light Company, Morgan County and the City of Martinsville.
About Indianapolis Power & Light Company (IPL): Indianapolis Power & Light Company provides retail electric service to more than 470,000 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. IPL has received the “Highest Customer Satisfaction With Business Electric Service in the Midwestern U.S. among Midsize Utilities,” according to J.D. Power and Associates’ 2013 Electric Utility Business Customer Satisfaction Study. For more information about the company, please visit www.IPLpower.com.
Indianapolis Power & Light received the highest numerical score among midsize utilities in the Midwestern region in the proprietary J.D. Power and Associates 2013 Electric Utility Business Customer Satisfaction StudySM. Study based on 25,794 total online interviews ranking 12 providers in the Midwest (IA, IL, IN, KS, KY, MN, MO, NE, ND, OH, SD, WI). Proprietary study results are based on experiences and perceptions of business users surveyed April-June and September-December 2012. Your experiences may vary. Visit jdpower.com.
Source: Indianapolis Power & Light Co.