CNP - CenterPoint Energy wins approval for combustion turbines from Indiana regulator

CenterPoint Energy (NYSE:CNP) said on Tuesday its Indiana-based electric utility business received approval for the construction of natural gas generation from the Indiana Utility Regulatory Commission. CenterPoint (CNP) said it plans to build two natural gas combustion turbines to replace portions of its existing coal-fired generation fleet, which it said will significantly evolve the way the company generates power for its 150K customers in southwestern Indiana. The estimated $334M natural gas facility will provide output of 460 MW, sized to reliably support the anticipated electric generation needed upon the retirement of A.B. Brown units 1 and 2 in late 2023. "By replacing much of the coal-fired generation with significantly more efficient technologies like renewables, including a large percentage of universal solar, the replacement will move CenterPoint Energy significantly forward on achieving its goal of net zero on direct carbon emissions by 2035," the company said. CenterPoint Energy (CNP) said earlier

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CenterPoint Energy wins approval for combustion turbines from Indiana regulator