2022 RFP & CPCN Process

Coming out of the 2021 Integrated Resource Plan (IRP), Duke Energy Indiana (DEI) is undertaking an all-sources Request for Proposals (“RFP”) process.  During Q1 2022, DEI released two separate but related solicitations that considers both Intermittent (renewables) and Non-Intermittent (thermal and stand-alone storage) resources.  The process has been designed to secure generation capacity resources outlined in its preferred portfolio developed as part of the 2021 IRP.    

DEI engaged an independent third-party administrator, Charles River Associates (CRA), to facilitate the RFP process and ensure it is conducted in a fair and unbiased manner.  Proposals for intermittent generation were due in mid-April and for proposals for non-intermittent generation in early May.  CRA independently evaluated the proposals and submitted the results to DEI in July.

Stakeholder Engagement

As a part of the RFP bids evaluation process, DEI will be conducting several Stakeholder Informational Sessions throughout Q4 2022.  DEI intends to share with Stakeholders key evaluation inputs that will be used to evaluate RFP bids and resource mix.   Due to changes since the 2021 IRP submittal, most notably MISO’s seasonal accreditation construct and the Inflation Reduction Act, among others, DEI will be providing an updated IRP analysis as part of upcoming Certificate of Public Convenience and Necessity (CPCN) filings.

Due to the many changes to key IRP inputs, DEI has also engaged CRA specifically for this process to ensure all inputs and updates have been made reasonably and without biases.  

Workshop 1 (October 21)
Introduction; Key Changes; RFP Results; Load forecasting; Commodity Prices; Technology Costs
Workshop 1 Q&A

Workshop 2 (December 1)
Market Changes in MISO; Power Prices; Initial Modeling Outcomes
Workshop 2 Q&A

Workshop 3 (February 27, 2023)
Decision Criteria; Updated Preferred Portfolio, RFP Bid Execution Plan
Workshop 3 Q&A

CPCN Overview

Once RFP bids are selected and terms and conditions have been negotiated, DEI will file a request for a CPCN with the Indiana Utility Regulatory Commission (IURC). A CPCN is required by Indiana law to build or buy new generation.  DEI will submit testimony describing its proposed new generation options and the associated costs for the IURC to review and consider.  The CPCN process generally takes between 6-12 months.