Indiana Utility Regulatory Commission
302 West Washington
Street, Room 306
Indianapolis Indiana 46204
317.232.2297 office
317.233.1982 fax
December
19, 2002
Today,
the Indiana Utility Regulatory Commission gave Public Service Indiana (PSI),
the authority to purchase the Madison and Henry County Generating stations, and
CinCap authority to transfer the Henry County Generating station to PSI.
In
Cause No. 42145, the majority of the Commissioners approved a settlement
agreement reached by PSI, CinCap VII, Commission staff, and the Indiana Office
of Utility Consumer Counselor.
The
price the company will be able to recover from customers will be determined in
PSI’s next rate case.
The
Commission previously determined that PSI has a need for peaking capacity, and
that PSI adequately considered the statutory factors and its resource planning
process was reasonable.
The
Henry County plant began commercial operation in July 2001. It consists of three gas fired combustion
turbine-generating units. The plant is directly interconnected to the Cinergy
transmission system, and is located in Henry County, Indiana.
The
Madison plant began commercial operations in 2000, and consists of eight gas
fired combustion turbine-generating units.
The plant is located in Butler County, Ohio.
Public
Service Indiana provides electricity to over 700,000 customers located in 69
counties in the central, north central and southern parts of Indiana.
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