- Renewables represent third round of proposed solar
agreements related to company's Smart Energy Future Plan
- CenterPoint Energy selects Pike
County for 130-megawatt solar array development
EVANSVILLE, Ind., July 29,
2022 /PRNewswire/ -- CenterPoint Energy (NYSE: CNP)
today announced its Indiana-based
electric and natural gas business, CenterPoint Energy Indiana
South, is seeking approval from the Indiana Utility Regulatory
Commission (IURC) to acquire a 130-megawatt (MW) solar array as
part of the company's long-term electric generation transition
plan.
CenterPoint Energy has entered into an agreement with Invenergy,
who will construct the 130-MW utility-owned project in Pike County, Ind., to acquire the project upon
its completion. This project represents the third round of solar
agreements introduced as part of the utility's plan to meet
stakeholder sustainability goals and implement a more
cost-effective and diversified energy generation portfolio. The
agreement is subject to IURC approval. The company was previously
granted approval to build a solar array in Posey County now sized at 200 MW, as well as
enter into power purchase agreements totaling more than 400 MWs in
Warrick, Vermillion and Knox Counties in Indiana.
"By seeking to add another universal solar project to our
renewable energy portfolio, we continue to move forward with our
long-term generation transition plan and remain committed to our
economic and environmental goals for the region," said Steve Greenley, Senior Vice President of
Generation Development. "If approved, with the addition of this
project, CenterPoint Energy will be adding nearly 800 MWs of solar
generation to power our southwestern Indiana customers."
Michael Kaplan, Senior Vice
President of Renewable Development at Invenergy, said, "Invenergy
is pleased to be working with CenterPoint Energy to support the
utility's generation transition goals and to provide its customers
in Indiana with clean energy. Our
team looks forward to the completion of this project and growing
our project portfolio within the state."
Construction of the Pike County
solar project is expected to begin upon obtaining a decision from
the IURC which is expected in early 2023. The project
will support approximately 130 construction jobs during the
construction period and is expected to be placed into service in
2025.
"We are committed to delivering reliable energy generation in
the most cost-effective manner for our customers, while
contributing to Indiana's clean
energy infrastructure," added Greenley. "CenterPoint Energy would
like to recognize officials in Pike
County for their support of this project and efforts to
bring cleaner energy solutions to our communities."
For more information on CenterPoint Energy's long-term electric
generation transition plan,
visit www.centerpointenergy.com/smartenergyfuture.
CenterPoint Energy delivers electricity to approximately 150,000
customers in southwest Indiana in
all or portions of Gibson,
Dubois, Pike, Posey,
Spencer, Vanderburgh and Warrick counties. Programs and services are
operated under the brand CenterPoint Energy by Southern Indiana Gas
and Electric Company d/b/a CenterPoint Energy Indiana South.
Forward Looking Statement:
This news release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this news
release, the words "anticipate," "believe," "continue," "could,"
"estimate," "expect," "forecast," "goal," "intend," "may,"
"objective," "plan," "potential," "predict," "projection,"
"should," "target," "will" or other similar words are intended to
identify forward-looking statements. These forward-looking
statements are based upon assumptions of management which are
believed to be reasonable at the time made and are subject to
significant risks and uncertainties. Actual events and results may
differ materially from those expressed or implied by these
forward-looking statements. Any statements in this news release
regarding future events, including anticipated cost and timing of
the project, including IURC approval and construction, the number
of anticipated job opportunities related to the project, the
anticipated size and capacity of the generation transition plan and
the mix of renewable resources for CenterPoint Energy's generation
transition, and any other statements that are not historical facts
are forward-looking statements. Each forward-looking statement
contained in this news release speaks only as of the date of this
release. Important factors that could cause actual results to
differ materially from those indicated by the provided
forward-looking information include risks and uncertainties
relating to: (1) the impact of disruption to the global supply
chain; (2) financial market conditions; (3) general economic
conditions; (4) the timing and impact of future regulatory and
legislative decisions; (5) effects of competition; (6) weather
variations; (7) changes in business plans; and (8) other factors,
risks and uncertainties discussed in CenterPoint Energy's Annual
Report on Form 10-K for the fiscal year ended December 31, 2021, CenterPoint Energy's Quarterly
Report on Form 10-Q for the quarter ended March 31, 2022 and other reports CenterPoint
Energy or its subsidiaries may file from time to time with the
Securities and Exchange Commission.
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. For more information,
visit CenterPointEnergy.com.
About Invenergy
Invenergy drives innovation in energy.
Invenergy and its affiliated companies develop, own, and operate
large-scale renewable and other clean energy generation and storage
facilities in the Americas, Europe, and Asia. Invenergy's home office is located in
Chicago, and it has regional
development offices in the United
States, Canada,
Mexico, Spain, Japan,
Poland, and Scotland.
Invenergy and its affiliated companies have successfully
developed more than 30,000 megawatts of projects that are in
operation, construction, or contracted, including wind, solar,
transmission infrastructure and natural gas power generation and
advanced energy storage projects. Learn about Invenergy
at Invenergy.com.
For more information contact
Media
Relations
Media.Relations@CenterPointEnergy.com
Investor
Relations
Investor.Relations@CenterPointEnergy.com
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SOURCE CenterPoint Energy, Inc.