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NIPSCO to retire two Indiana coal-fired units in 2021 - Daily Energy Insider
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The northern Indiana utility NIPSCO has announced it will shut down half of it’s R.M. Schahfer coal plant in Wheatfield by the end of this year. That’s about two years earlier than when the whole plant is expected to shut down in 2023.
Nick Meyer is the vice president of state communications for NiSource NIPSCO’s parent company. He said the reason behind closing half of Schahfer early is the same reason the utility decided to shutter all of its coal plants and move to mostly renewable sources by 2028.
“We just continue to see, from an economic standpoint, a significant cost to maintain and continue to operate these units. And the fact that there is cheaper, less expensive energy that we can purchase on the market, Meyer said.
MERRILLVILLE â Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), announced recently plans to retire two coal-fired units representing half of its R.M. Schahfer Generating Station capacity in Wheatfield, by the end of 2021.
The retirements are part of NIPSCOâs broader, long-term electric generation strategy and customer-centric plan referred to as âYour Energy, Your Future.â The strategy outlines the companyâs plans to become 100% coal-free by 2028, while transitioning to reliable, lower-cost and more sustainable energy options. NIPSCO projects the transition will result in an estimated $4 billion in cost savings over the long term.
The Schahfer Generating Station coal-fired units 14 and 15, designated for retirement this year, are among the oldest in NIPSCOâs fleet, having been in service since 1976 and 1979 respectively.