The feds meddled with Indiana's energy grid. Who's paying for fallout? [USA TODAY]
CenterPoint Energy, Inc (Holding Co) (CNP)
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Source: USA TODAY
But recently, the federal government started meddling. In December, the Department of Energy bypassed state and regional regulators with a contentious legal maneuver to extend the lives of two aging Indiana coal plants. The Northern Indiana Public Service Company's (NIPSCO) R.M. Schahfer Generating Station in Jasper County and CenterPoint Energy's F.B. Culley Generating Station in Warrick County were both scheduled to retire by the end of 2025, but the DOE ordered them to stay online until at least March 23, 2026. Now, a contentious legal battle is materializing in response. National and local environmental and consumer advocacy groups initially filed a legal challenge against the DOE, arguing the department lacked sufficient evidence or authority to issue such orders. Additional groups, including citizens utility boards from across the Midwest, are digging their heels in as the utilities keep the plants online in accordance with DOE orders. Plant operation costs are racking up,
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CNP
Earnings
- 2/19/26 - Miss
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Sec Filings
- 2/26/26 - Form 8-K
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- 2/25/26 - Form 8-K
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