The hole: The two Indiana coal units cost $116.7M to operate this January-March…but they earned $33.5M. Now, NIPSCO is preparing for potential DOE emergency orders through late 2028.
For context: The DOE’s 202(c) authority lets the feds force generators to stay online in the name of reliability. For NIPSCO’s plant, Energy Sec. Chris Wright first invoked 202(c) on Dec. 23; these retirement-blocking orders have been renewed every 90 days since (and they’re currently set to expire on Sept. 19).
Zooming out: So far, the DOE’s emergency orders to fossil fuel plants around the country have cost ratepayers over $400M.
Wed, Aug 12
NEWS: NIPSCO wants MISO ratepayers to cover the $38M it spent running a coal plant under federal orders.
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