Indianapolis Power & Light Company to Modernize Local Energy Grid
July 25, 2019 -- Indianapolis Power & Light Company (IPL), an AES Company, submitted a plan recently (7/24) to the Indiana Utility Regulatory Commission (IURC) that will allow it to modernize its electric grid over a seven-year period to continue meeting the energy needs of customers.
Most of the modernization plan, called IPL revAMP, addresses the upgrade and replacement of aging equipment, hardware and other assets. The remaining IPL revAMP investment allows IPL to provide its customers with new, technology, equipment and systems, a few of which include:
- A self-healing electric grid, which allows IPL to isolate problems automatically and re-route power around the problem, reducing the duration of service interruptions to many customers
- “Smart” AMI meters and other corresponding technology that automatically let IPL know when the power is out and facilitates customer review of their electric usage online
- Replacing transformers, breakers, batteries and other aging equipment at substations to meet local area energy demands
- A foundation that allows further integration of electric vehicle charging infrastructure and Distributed Energy Resources (DERs) into IPL’s system
“Our customers deserve reliable, seamless and efficient energy services, and IPL is committed to meeting customer energy needs now, and in the future,” said Vincent Parisi,
President of U.S. Utilities for AES Corporation and President and CEO of Indianapolis Power & Light Company. “To continue meeting customer energy needs for generations to come, it is critical that we upgrade, replace and modernize the infrastructure, technology and equipment used to provide electric service.”
Once the IPL revAMP modernization is complete, IPL customers will experience:
- Fewer outages and shorter duration of outages
- Improved reliability
- A more resilient system to face growing energy needs
If approved by the IURC, full implementation of IPL revAMP will begin in 2020 and conclude in 2027, with a total investment of $1.2 billion. If approved, this investment over a seven-year period will support an estimated 880 jobs annually in Marion County worth $62.2 million in compensation per year.
The plan filing does not request approval of new customer rates at this time. IPL plans to file its initial cost recovery request in the second quarter of 2020. If approved by the IURC, this project will not result in an increase in IPL’s total retail revenues of more than 2 percent in any year of the project.
Advance work to prepare for construction will begin as early as fall 2019. Customers will be updated and notified of progress throughout the project, as well as impacts to their neighborhoods as they occur.
To learn more about IPL revAMP and IPL’s electric grid modernization, visit IPLpower.com/revAMP.
---------------------------------------------------------------------------
Also of Interest from SGO:
10th Microgrid Global Innovation Forum, September 10-12, 2019, London
6th Demand Response & DER World Forum, October 16-17, 2019, San Diego
3rd CyberSecurity International Symposium, November 4-5, 2019, Chicago
4th Smart Cities International Symposium, January 21-23, 2020, Chicago
Customer comments
No comments were found for Indianapolis Power & Light Company to Modernize Local Energy Grid. Be the first to comment!