Two Hundred Million Dollars and Counting
For those that know me, I have never been good at sitting still. And for sure, the last several months have shown that Northern Indiana Public Service Company (NIPSCO) doesn’t like to sit still, either. We should all applaud them for their efforts to keep moving Indiana into the future. Despite a global economic shutdown, right in our backyards NIPSCO is pushing forward with massive economic development projects, that with the renewable energy developers, will generate almost $200,000,000 in new local tax revenue.
Let’s look at the progression of the northern Indiana utility provider. Back in 2018, as a part of their Integrated Resource Plan, NIPSCO announced the “Your Energy, Your Future” initiative – a customer-centric effort focused on delivering a more affordable, diverse and sustainable energy mix, with an increased focus on wind and solar. In the last two years they have announced over 2,000 megawatts of new energy from renewable sources.
Add up the numbers and that’s almost $200 million in new local tax revenue. That’s new schools, new roads, new fire trucks, more access to broadband internet, and more local prosperity.
In their latest announcement, NIPSCO came forward with big news -- three new solar projects generating a total of 900 megawatts of electricity. These projects, developed by NextEra Energy, bolster not only NIPSCO’s announced goals for renewables, but most importantly will collectively mean power for 270,000 Hoosier homes and provide an additional $84 million in tax revenue to White and Jasper Counties, where the projects will be located.
That’s progress. It means power generated right here by Hoosiers, for Hoosiers. And it means millions of dollars in new revenue for our local communities – to keep them moving forward in these unusual times.
NIPSCO just keeps moving. As we continue to weather the Covid storm and other challenges to our rural communities, the new revenue that is the byproduct of NIPSCO’s progress is a lifeline. These three new projects are just the latest in a line of new projects that support local communities and power Hoosier homes:
Just about to begin operation is the NextEra Energy 400-megawatt Jordan Creek Wind Project that will pay an estimated $50 million in local property taxes. Not far behind that is the EDPR’s Rosewater Wind Farm and Indiana Crossroads VI, both in White County.
And then just a few months ago NIPSCO kept on moving, and along came the Greensboro Solar and Brickyard Solar projects, developed by NextEra Energy. Greensboro is a 100-megawatt project in Henry County that will pay an estimated $23 million in local taxes and Brickyard Solar is a 200-megawatt project in Boone County that will pay an estimated $27 million in local property taxes.
Add up the numbers and that’s almost $200 million in new local tax revenue. That’s new schools, new roads, new fire trucks, more access to broadband internet, and more local prosperity. Hearing opportunities like that, and I just can’t sit still.
I urge everyone reading along to continue supporting Indiana’s prosperity and the growth of a diversified energy future for Hoosiers.