Duke Energy Indiana is asking for proposals to acquire new, diverse power generation capacity to transition away from emissions heavy power plants. Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,300 MW of owned electric capacity to approximately 860,000 customers in a 23,000-square-mile service area. It is Indiana’s largest electric supplier.
“We’re soliciting the market for a diverse range of new power generation capacity, and this request for proposals gives developers the opportunity to let us know what may be available,” said Duke Energy Indiana President Stan Pinegar.
In December, Duke Energy submitted an integrated resource plan to state utility regulators on how it will meet its customers’ capacity and energy needs using a diverse mix of power generation resources, as well as energy efficiency programs. Indiana utilities update their plans every three years. One of the outcomes of Duke Energy’s recent Indiana plan is a request for proposals for new power resources.
The company is looking for:
• Up to 1,100 MW of intermittent generation, specifically renewable energy generation – solar, wind, hydro or other commercially viable renewable energy technologies, including combinations with battery storage.
• Up to 1,300 megawatts of non-intermittent generation – electric generation that is dispatchable on demand, such as natural gas combustion turbines, combined-cycle units and stand-alone battery storage.
Additional information about the request:
• Should be from resources that are deliverable to MISO (Midcontinent Independent System Operator) Zone 6. However, there is an exception for out-of-state wind.
• Can include existing generating resources or proposed resources with an in-service date no later than June 1, 2027.
• Can be in the form of 1) purchase power agreements; 2) projects that are built by a developer and then transferred to Duke Energy; or 3) purchases of existing facilities.
The request for proposal will be formally issued Feb. 21, and more details will be available right here. Questions can be submitted through the webpage. Selected projects will ultimately be presented to the Indiana Utility Regulatory Commission for approval.
Proposals for intermittent generation are due by April 18; the deadline for proposals for non-intermittent generation is May 2.
Duke Energy will use an independent third-party administrator, Charles River Associates, to facilitate the request for proposal process and ensure it is conducted in a fair and unbiased manner.