Indianapolis Power & Light Co. (IPL) announced that Sargent & Lundy will act on IPL’s behalf to facilitate an all-source request for proposals (RFP) to meet future electric needs. The RFP was issued on December 20, and considers all potential options for replacement generation capacity.
The need for 200 megawatts of firm capacity resources follows IPL’s recent announcement to retire two coal-fired units at Petersburg Generating Station in 2021 and 2023, respectively. At a public advisory meeting held December 9, IPL leaders presented the company’s preferred portfolio and demonstrated how IPL plans to continue to diversify its generation mix, with the expected integration of additional renewable resources, while continuing to deliver electricity at reliable, cost-effective rates.
IPL submitted its 2019 integrated resource plan to the Indiana Utility Regulatory Commission (IURC) on December 16. The projected capacity shortfall, modeling assumptions and key drivers are outlined in IPL’s IRP, which is a 20-year projection submitted to the IURC every three years.
The purpose of the all-source RFP is to competitively procure replacement capacity by June 1, 2023, which is the first time period IPL is expected to have a capacity shortfall.