Northern Indiana Public Service Company LLC (“NIPSCO”) does business in the State of Indiana as a regulated public utility and generates, transmits and distributes electricity for sale in Indiana and the broader Midcontinent Independent System Operator, Inc. (“MISO”) regional electricity market. NIPSCO, headquartered in Merrillville, IN, is one of the seven energy distribution companies of NiSource Inc. (NYSE: NI). NIPSCO currently serves approximately 468,000 electric customers across the northern third of Indiana. NIPSCO’s electric portfolio consists of approximately 2,900 megawatts (“MW”) of generation capacity and over 12,800 miles of transmission and distribution lines in Indiana. NIPSCO owns a mix of generating resources consisting of coal-fired, natural gas-fired, and hydroelectric plants. For more information, refer to NIPSCO’s website at www.nipsco.com.
NIPSCO is committed to meeting the energy needs of its customers today and in the future. In November 2018, NIPSCO released an Integrated Resource Plan (“2018 IRP”) to the Indiana Utility Regulatory Commission (“IURC”), that identified the preferred resource options for meeting future customer needs. In association with the IRP process, NIPSCO has concluded that it is in the best interest of its customers to seek to acquire, construct or contract for additional capacity that qualifies as a MISO internal resource (i.e. not pseudo-tied into MISO) with physical deliverability utilizing Network Resource Integration Service (“NRIS”) to MISO Local Resource Zone 6. As a result, NIPSCO is soliciting proposals for supply resources through a set of Requests for Proposals (“RFP”) that will be administered in 2019. The purpose of the RFPs is to identify the most viable resources available to NIPSCO in the marketplace to meet the needs of its customers consistent with the 2018 IRP.In 2019, NIPSCO will issue three (3) separate RFPs, one for wind resources one for solar resources and one for thermal/other capacity resources. Through the set of RFPs, NIPSCO intends to identify additional projects required to meet their resource requirements and NIPSCO anticipates executing definitive agreements with one or more counterparties upon the conclusion of each of the 2019 RFPs. More information on the 2018 IRP is available at https://www.nipsco.com/our-company/about-us/regulatory-information/irp.
NIPSCO has retained Charles River Associates (“CRA”) to manage the RFP processes for the purpose of creating the three RFPs and soliciting responses. CRA will also serve as the independent third party to evaluate all Proposals on behalf of NIPSCO.
Several important milestone dates for the RFP process are shown below: