CenterPoint Energy, Inc. (NYSE: CNP) has announced that its Indiana-based electric utility business, CenterPoint Energy Indiana South, is opening a new all-source request for proposals (RFP) to seek a combination of resources including renewables (wind, solar and battery storage), thermal and demand-side resources, and short-term capacity to meet the future needs of its 150,000 electric customers in southwestern Indiana.
"As we continue our electric generation resource transition, we are looking for additional resources that can contribute to our diversified portfolio to provide safe, reliable and cost-effective electric service to our customers,"
- Steve Greenley, Senior Vice President, Generation Development.
The RFP will assist in identifying additional generation technologies that can provide fully accredited capacity no later than March 1, 2027. Later this year, CenterPoint Energy Indiana South will begin its 2022 Integrated Resource Plan, an analysis conducted every three years used to determine the best mix of generation and demand side resources to meet customers' needs over the next 20 years.
Generation technologies being sought include:
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Renewables, both wind and solar along with battery storage in paired and standalone applications;
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Thermal, including coal and natural gas-fired generation, hydrogen, nuclear and other resources;
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Demand side and load-modifying resources, whether standalone or aggregated, capable of providing accredited capacity; and
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Short-term capacity, especially in years 2023-2025.
Eligible transaction structures include power purchase agreements, asset purchases including projects in development, demand side contracts and capacity only contracts.
About CenterPoint Energy
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of March 31, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.