Publish Date: February 14, 2023
In 2021, Duke Energy Indiana proposed to build a 1,221 MW gas-fired Combined Cycle (CC) plant to begin operation in 2027. Since these plans were announced, the U.S. Federal Government has passed the Inflation Reduction Act of 2022 (“IRA”) to dramatically reduce the cost of clean energy resources, natural gas prices have spiked, and MISO has modified its capacity accreditation process. These changes justify a reassessment of Duke Energy’s plan and consideration of alternatives to the CC.