Spark Lee

Spark Lee asked if the announcement of the next GenCo deal is contingent on the IURC approval of the Amazon special contract filing, or if a second project could be announced independently. He also inquired about the timing for the NIPSCO gas rate case filing this year.

Answer

CEO Lloyd Yates stated that while they have a dedicated team and improved processes, there's no specific date for future transactions due to their complex nature. EVP Michael Luhrs clarified that another opportunity is not dependent on the IURC approval of the Amazon contract. EVP Melody Birmingham stated that no determination has been made to file for a NIPSCO gas rate case at this time.

Spark Lee from Jefferies asked if there is an opportunity to increase near-term targets by pulling forward renewable projects driven by the IRA dynamics.

Answer

President & CEO Duke Austin confirmed that LNTPs are coming in and that he sees growth in renewables for 2026, 2027, 2028, and beyond. He emphasized that as long as power demand remains high, renewables, complemented by batteries, will be a critical and affordable part of the solution for the grid and consumers. He sees continued opportunities for growth for the company for the foreseeable future.