In the next step of its electric generation transition to a more balanced and
reliable mix to serve customers, Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI),  announced that its first two Indiana-based solar projects – Indiana Crossroads and Dunns Bridge I Solar – are online and operating, producing more cost-effective, cleaner energy for homes and businesses across Indiana.

“The addition of our first solar parks to our electric generating portfolio represent meaningful investments in the state of Indiana and a direct benefit to our customers,” said Mike Hooper, NIPSCO President. “These completed projects are a crucial step in advancing our long-term energy transition plan, providing sustainable, reliable and cost-effective energy now and into the future.”

Indiana Crossroads Solar is a 200-megawatt (MW) facility located in White County, Ind., which was developed and constructed by EDP Renewables North America (EDPR NA). Indiana Crossroads Solar will be a major economic boon to the state and to White County bringing $2.6 million in Economic Development Agreement funds that are available for the county to use for priority projects and
other special projects. The solar park is also expected to contribute more than $42 million in property tax payments over the 35-year life of the project, helping to reduce the property tax burden on other families and businesses in White County.
Dunns Bridge I Solar is a 265 MW facility located in Jasper County, Ind. near NIPSCO’s R.M. Schahfer Generating Station, which is expected to be retired in 2025. This facility is the first of a two-part solar project. Dunns Bridge II, located in Jasper and Starke counties and currently under construction, is expected to produce 435 MW of solar paired with 75 MW of battery storage. Dunns Bridge I & II are expected to generate approximately $59 million in additional tax revenue
for Jasper and Starke counties over the life of the facility. Learn more about Dunns Bridge I & II at www.DunnsBridgeSolar.com.
Both the Dunns Bridge I and Indiana Crossroads solar projects are partially funded through tax equity investments. By using a tax equity investor that is currently able to utilize the tax benefits more efficiently, along with utilizing tax benefits afforded under the Inflation Reduction Act, NIPSCO is able to provide electricity to customers at a lower cost versus traditional ownership of
the projects. NIPSCO evaluates the most efficient use of tax benefits on a project-by-project basis.
NIPSCO’s electric generation transition toward a more balanced and reliable portfolio* – including its plans to retire all its remaining coal-fired units – is driven by real-world data and economics
derived from Indiana’s Integrated Resource Plan process and subsequent request for proposals (RFPs). NIPSCO has also performed ongoing analysis of current market conditions and changes in market rules, which support NIPSCO’s current generation transition path. The company plans to be coal-free by 2028, driving a reduction in carbon emissions by more than 90% by 2030, compared to a 2005 baseline.
As previously announced, NIPSCO is working with developers on other wind, solar and battery storage projects in various stages of development. For those projects not already approved, NIPSCO has requested to add those projects to its supply portfolio in filings with the Indiana Utility Regulatory Commission (IURC).

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