Indianapolis Power & Light Company (IPL) announces plans to invest $511 million in new environmental controls at its Petersburg and Harding Street coal-fired power generating plants. The expenditure is part of IPL’s plans to comply with new Utility Mercury and Air Toxic Standards (MATS) set by the EPA. The new controls are expected to reduce mercury emissions by approximately 80 percent.
In addition to reducing emissions, the project will lead to new construction jobs for the next three years and will have a major economic impact on the town of Petersburg and Pike County. The project will create an estimated 350 to 400 jobs during the peak construction period, the majority of which will be local.
As a part of this expenditure, IPL has executed a $420 million contract with Indiana Environmental Partners (IEP) for engineering, procurement and construction of the new controls.
“This is an important step to further reduce air emissions from our plants and will allow us to meet new EPA standards while continuing to provide our customers with safe, reliable and affordable power,” said IPL CEO Ken Zagzebski. “IPL currently meets all EPA requirements, and in the past 10 years, we have invested more than $600 million in environmental controls that have reduced emissions dramatically.”
In addition to the new environmental controls, IPL continues to expand energy conservation programs for its customers. It also has increased renewable resources within its generation portfolio:
- IPL ranks 8th in the U.S when it comes to available wind-generated energy.
- IPL customers and renewable energy developers have more than 100 MW of solar projects under development, and, if all of these projects are completed, IPL likely would rank 1st in the Central Region for solar generation.
- IPL is a leader in support of electric vehicles, providing more than 100 charging stations.
- IPL has filed its plans for the new environmental controls with the Indiana Utility Regulatory Commission (IURC). If approved by the IURC, construction will begin at the Petersburg Generating Station later this year.