Duke Energy Indiana Issues Request for Proposals for Purchased Power

PLAINFIELD, Ind., Feb. 27, 2012 /PRNewswire/ -- Duke Energy Indiana issued a request for proposals today for up to 400 megawatts of intermediate and/or peaking power for delivery between 2014 and 2017.

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The request for purchased power is one portion of the company's plan to respond to stricter federal environmental regulations. Duke Energy Indiana also is completing a new, advanced technology coal plant in southern Indiana that will help address its Indiana power needs in light of possible generating unit retirements.

The resources must be operated by a Midwest Independent Transmission System Operator (MISO) regional transmission grid participant and dispatched into the Midwest regional transmission grid. Bids should include capacity and energy for a minimum of one year. Specifically the company is looking for purchased power in the MISO planning years of: 2014/2015; 2015/2016; 2016/2017.

The company will evaluate proposals from qualified bidders on cost and other factors. Proposals are due no later than March 30, 2012, at 5 p.m. EDT. Interested parties should review the full request for proposal guidelines at: http://DukeEnergyIndianaRFP.com.

The company has retained Burns & McDonnell to act as an independent consultant to assist with this request for proposal. All respondents will work with Burns & McDonnell for all communications including questions and bid submittal. Inquiries should only be made via email to: [email protected].

Duke Energy Indiana's operations provide approximately 7,000 megawatts of owned electric capacity to approximately 790,000 customers, making it the state's largest electric supplier.

Duke Energy (NYSE: DUK) is one of the largest electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 12 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com. 

SOURCE Duke Energy