187-19 - VERIFIED JOINT PETITION OF NIPSCO LLC AND INDIANA CROSSROADS WIND GENERATION LLC

Legal Notice

VERIFIED JOINT PETITION OF NORTHERN INDIANA PUBLIC SERVICE COMPANY LLC (“NIPSCO”) AND INDIANA CROSSROADS WIND GENERATION LLC (THE “JOINT VENTURE”) FOR (1) ISSUANCE TO NIPSCO OF A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY FOR THE PURCHASE AND ACQUISITION OF A 302 MW WIND FARM (“THE CROSSROADS PROJECT”); (2) APPROVAL OF THE CROSSROADS PROJECT AS A CLEAN ENERGY PROJECT UNDER IND. CODE § 8-1-8.8-11; (3) APPROVAL OF RATEMAKING AND ACCOUNTING TREATMENT ASSOCIATED WITH THE CROSSROADS PROJECT; (4) AUTHORITY TO ESTABLISH AMORTIZATION RATES FOR NIPSCO’S INVESTMENT IN THE JOINT VENTURE; (5) APPROVAL PURSUANT TO IND. CODE § 8-1-2.5-6 OF AN ALTERNATIVE REGULATORY PLAN INCLUDING ESTABLISHMENT OF JOINT VENTURE THROUGH WHICH THE CROSSROADS PROJECT WILL SUPPORT NIPSCO’S GENERATION FLEET AND THE REFLECTION IN NIPSCO’S NET ORIGINAL COST RATE BASE OF ITS INVESTMENT IN JOINT VENTURE; (6) APPROVAL OF PURCHASED POWER AGREEMENTS THROUGH WHICH NIPSCO WILL RECEIVE THE ENERGY GENERATED BY THE CROSSROADS PROJECT, INCLUDING TIMELY COST RECOVERY PURSUANT TO IND. CODE § 8-1-8.8-11 THROUGH NIPSCO’S FUEL ADJUSTMENT CLAUSE; (7) AUTHORITY TO DEFER AMORTIZATION AND TO ACCRUE POST-IN SERVICE CARRYING CHARGES ON NIPSCO’S INVESTMENT IN JOINT VENTURE; (8) TO THE EXTENT GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WOULD TREAT ANY ASPECT OF JOINT VENTURE AS DEBT ON NIPSCO’S FINANCIAL STATEMENTS, APPROVAL OF FINANCING; (9) APPROVAL OF AN ALTERNATIVE REGULATORY PLAN FOR NIPSCO IN ORDER TO FACILITATE THE IMPLEMENTATION OF THE CROSSROADS PROJECT; AND (10) TO THE EXTENT NECESSARY, ISSUANCE OF AN ORDER PURSUANT TO IND. CODE § 8-1-2.5-5 DECLINING TO EXERCISE JURISDICTION OVER JOINT VENTURE AS A PUBLIC UTILITY.

Notice is hereby given that on October 22, 2019, Northern Indiana Public Service Company LLC (“NIPSCO”) and Indiana Crossroads Wind Generation LLC (collectively the “Joint Venture”) filed a Joint Petition with the Indiana Utility Regulatory Commission (“Commission”) to (1) issue NIPSCO a certificate of public convenience and necessity to purchase and acquire indirectly through Joint Venture a wind farm that will have an aggregate nameplate capacity of approximately 302 megawatt (“Crossroads Project”); (2) approve the Crossroads Project as a clean energy project under Ind. Code § 8-1-8.8-11; (3) approve associated ratemaking and accounting treatment for the Crossroads Project; (4) establish amortization rates for NIPSCO’s investment in the Crossroads Project through Joint Venture; (5) approve pursuant to Ind. Code § 8-1-2.5-6 an alternative regulatory plan to implement the Crossroads Project as set forth herein, including establishment of Joint Venture and the reflection in NIPSCO’s net original cost rate base of its investment in Joint Venture; (6) approve purchased power agreements through which NIPSCO will acquire the energy generated by the Crossroads Project, including timely cost recovery pursuant to Ind. Code § 8-1-8.8-11 through NIPSCO’s Fuel Adjustment Clause; (7) authorize NIPSCO to defer amortization and to accrue post-in service carrying charges on NIPSCO’s capital investments in Joint Venture; (8) to the extent generally accepted accounting principles would treat any aspect of Joint Venture as debt on NIPSCO’s financial statements, grant necessary financing approval; (9) approve an alternative regulatory plan for NIPSCO in order to facilitate the implementation of the Crossroads Project; and (10) to the extent necessary, pursuant to Ind. Code § 8-1-2.5-5, decline to exercise jurisdiction over Joint Venture as a public utility. This notice is provided to the public under Ind. Code § 8-1-2.5-6(d). A copy of the Joint Petition and other submissions in this proceeding are on file with the Commission, PNC Center, 101 West Washington Street, Suite 1500 East, Indianapolis, Indiana 46204. The telephone number of the Commission is (317) 232-2701. Anyone wishing to protest, challenge, or intervene in this action may do so by contacting the Commission.

187-19 N 10/30

 

Pulaski County Journal

114 W. Main Street
Winamac, IN 46996

Office Number: (574) 946-6628
Fax Number: (574) 946-7471

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