Fuel oil accounted for less than 1% of AES Indiana's total electricity generation from 2023 to 2025, primarily used for start-up and flame stabilization in coal-fired units and as a primary or alternate fuel in some combustion turbines. Following retirements and repowering of coal units to natural gas, AES Indiana increased generation from natural gas and renewable projects. Renewable projects provided 4% of AES Indiana's electricity generation in 2025. AES Indiana also purchases electricity under long-term power purchase agreements, including all wind-generated electricity from a 200 MW Minnesota project through 2031 and 94.5 MW of solar-generated electricity under long-term contracts within its service territory. AES Indiana retired Petersburg Units 1 and 2 in 2021 and 2023, respectively, and is converting Petersburg Units 3 and 4 from coal to natural gas, with offline dates in 2026 and expected commissioning later that year. Upon completion, AES Indiana anticipates approximately 70% of its capacity from natural gas units, 23% from owned renewable projects, and 7% from wind and solar power purchase agreements.
Ipalco Enterprises Inc's Comment on Supply Chain
Fuel oil accounted for less than 1% of AES Indiana's total electricity generation from 2023 to 2025, primarily used for start-up and flame stabilization in coal-fired units and as a primary or alternate fuel in some combustion turbines. Following retirements and repowering of coal units to natural gas, AES Indiana increased generation from natural gas and renewable projects. Renewable projects provided 4% of AES Indiana's electricity generation in 2025. AES Indiana also purchases electricity under long-term power purchase agreements, including all wind-generated electricity from a 200 MW Minnesota project through 2031 and 94.5 MW of solar-generated electricity under long-term contracts within its service territory. AES Indiana retired Petersburg Units 1 and 2 in 2021 and 2023, respectively, and is converting Petersburg Units 3 and 4 from coal to natural gas, with offline dates in 2026 and expected commissioning later that year. Upon completion, AES Indiana anticipates approximately 70% of its capacity from natural gas units, 23% from owned renewable projects, and 7% from wind and solar power purchase agreements.
Sources:
Ipalco Enterprises Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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