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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Indiana Michigan Power Issues Renewables RFP to Pursue the Powering the Next Tomorrow Plan
LCG, March 16, 2022--Indiana Michigan Power (I&M), an American Electric Power (AEP) company, issued a request for proposals (RFP) for renewable power that will generate approximately 800 MW of wind power and approximately 500 MW of solar power. I&M expects some of the new renewable resources to be online as early as the end of 2024 and the full 1,300 MW to be online as early as the end of 2025.
The targeted new resources in this RFP align with I&M's Powering the Next Tomorrow plan that was included in I&M's Integrated Resource Plan (IRP). The IRP was submitted to state utility regulatory commissions in both Indiana and Michigan earlier in this year.
The I&M vice president for Regulatory and Finance stated, “This RFP is designed to provide qualified developers the opportunity to bring forward wind and solar projects that can be used to serve Indiana Michigan Power customers. These new resources will combine with I&M's existing generation to provide an even more diversified and flexible generation portfolio that will stabilize energy costs over time, stimulate economic growth, reduce emissions and take advantage of new technologies.”
In 2021, more than 80 percent of I&M’s delivered energy was carbon-free. I&M now operates five solar farms and purchases power from four Indiana wind farms. I&M has at its availability various power generation resources, including 2,278 MW of nuclear power in Michigan, 450 MW of purchased wind power from Indiana, more than 22 MW of hydro power in both states, nearly 35 MW of large-scale solar power in both states, and 2,620 MW of coal-fueled power plants in Indiana.
I&M’s RFP provides bidders the opportunity to submit proposals that incorporate battery storage, emerging technologies and other resources to supplement the portfolio and provide for optimum performance and affordability.
The RFP calls for solar projects within Indiana and/or Michigan; however, wind projects, which require availability of large amounts of land, can also be located in Illinois or Ohio.
Bids are due April 21, and I&M plans to have contracts with the successful developers by the end of 2022. The selected resources will be submitted to state regulatory commissions in Indiana and Michigan for their review and approval.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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