Indianapolis Power & Light (IPL), received approval from the Indiana Utility Regulatory Commission (IURC) for its request for a certificate of public convenience and necessity (CPCN), allowing IPL to invest approximately $600 million into a new 650 MW combined-cycle gas turbine (CCGT) power station near Martinsville, Indiana and $36 million to convert two units at the Harding Street Generation Station totaling 200 MW from coal to natural gas. The CCGT project will commence construction in third quarter 2014 and is expected to come online in 2017. The conversion of Harding Street Units 5 and 6 will begin in the fall of 2015 and be completed by early 2016.
