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CenterPoint Energy Issues All-Source RFP Seeking Renewable, Thermal and Demand-Side Resources

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CenterPoint Energy's Indiana-based electric utility business, CenterPoint Energy Indiana South, has issued an All-Source Request for Proposals (RFP) to meet the energy needs of its 150,000 electric customers in southwestern Indiana. The RFP seeks generation technologies capable of providing fully accredited capacity by March 1, 2028. Proposals are encouraged for utility-scale solar, wind, storage projects, thermal generation, load-modifying resources, demand-side resources, and other innovative solutions.

Key dates include: RFP issued on August 15, 2024; Notice of Intent due August 28, 2024; Proposals due October 8, 2024. 1898 & Co., a division of Burns & McDonnell, will manage the RFP process. The 2024 RFP aligns with CenterPoint's commitment to maintain a reliable and sustainable energy supply and supports its Integrated Resource Plan (IRP).

Il business di servizi elettrici di CenterPoint Energy, conosciuto come CenterPoint Energy Indiana South, ha emesso un Invito a Presentare Offerte (RFP) di Tutte le Fonti per soddisfare le esigenze energetiche dei suoi 150.000 clienti elettrici nel sud-ovest dell'Indiana. L'RFP cerca tecnologie di generazione in grado di fornire capacità completamente accreditata entro il 1 marzo 2028. Sono incoraggiate proposte per soluzioni innovative, tra cui energie rinnovabili su scala utility, progetti eolici e di accumulo, generazione termica, risorse di modifica del carico e risorse a lato della domanda.

Le date chiave includono: RFP emesso il 15 agosto 2024; Notifica di Intenzione entro il 28 agosto 2024; Proposte entro l'8 ottobre 2024. 1898 & Co., una divisione di Burns & McDonnell, gestirà il processo RFP. L'RFP del 2024 si allinea con l'impegno di CenterPoint di mantenere una fornitura di energia affidabile e sostenibile e supporta il suo Piano di Risorse Integrato (IRP).

El negocio de servicios eléctricos de CenterPoint Energy, conocido como CenterPoint Energy Indiana South, ha emitido un Solicitación de Propuestas de Todas las Fuentes (RFP) para satisfacer las necesidades energéticas de sus 150,000 clientes eléctricos en el suroeste de Indiana. La RFP busca tecnologías de generación capaces de proporcionar capacidad completamente acreditada para el 1 de marzo de 2028. Se fomentan propuestas para soluciones innovadoras, incluyendo energía solar a gran escala, energía eólica, proyectos de almacenamiento, generación térmica, recursos de modificación de carga y recursos del lado de la demanda.

Las fechas clave incluyen: RFP emitido el 15 de agosto de 2024; Aviso de Intención hasta el 28 de agosto de 2024; Propuestas hasta el 8 de octubre de 2024. 1898 & Co., una división de Burns & McDonnell, gestionará el proceso RFP. La RFP de 2024 se alinea con el compromiso de CenterPoint de mantener un suministro de energía fiable y sostenible y apoya su Plan de Recursos Integrado (IRP).

CenterPoint Energy의 인디애나 기반 전력 유틸리티 사업인 CenterPoint Energy Indiana South가 남서부 인디애나의 150,000명의 전기 고객의 에너지 요구를 충족하기 위해 모든 출처 제안 요청서 (RFP)를 발행했습니다. 이 RFP는 2028년 3월 1일까지 완전 인증된 용량을 제공할 수 있는 발전 기술을 찾고 있습니다. 유틸리티 규모의 태양광, 풍력, 저장 프로젝트, 열 발전, 부하 조정 자원, 수요 측 자원 및 기타 혁신적인 솔루션에 대한 제안을 장려합니다.

중요한 날짜는 다음과 같습니다: RFP는 2024년 8월 15일 발행; 의도 통지는 2024년 8월 28일까지; 제안서는 2024년 10월 8일까지 제출. 1898 & Co.는 Burns & McDonnell의 한 부서로 RFP 프로세스를 관리합니다. 2024년 RFP는 CenterPoint가 신뢰할 수 있고 지속 가능한 에너지 공급을 유지하기 위한 약속과 통합 자원 계획 (IRP)을 지원하는 데 부합합니다.

L'entreprise de services publics électriques basée en Indiana, CenterPoint Energy Indiana South, a lancé un Appel d'Offres Tous Sources (RFP) pour répondre aux besoins énergétiques de ses 150 000 clients dans le sud-ouest de l'Indiana. Le RFP recherche des technologies de production capables de fournir une capacité pleinement accréditée d'ici le 1er mars 2028. Les propositions sont encouragées pour des solutions innovantes telles que l'énergie solaire à grande échelle, l'énergie éolienne, les projets de stockage, la production thermique, les ressources modifiant la charge et les ressources du côté de la demande.

Les dates clés incluent : RFP publié le 15 août 2024 ; Avis d'Intention dû le 28 août 2024 ; Propositions dues le 8 octobre 2024. 1898 & Co., une division de Burns & McDonnell, gèrera le processus RFP. Le RFP 2024 s'inscrit dans l'engagement de CenterPoint à maintenir un approvisionnement énergétique fiable et durable et soutient son Plan de Ressources Intégré (IRP).

Das auf Indiana basierende Elektrizitätsversorgungsunternehmen von CenterPoint Energy, CenterPoint Energy Indiana South, hat eine All-Source Ausschreibung (RFP) veröffentlicht, um den Energiebedarf seiner 150.000 elektrischen Kunden im Südwesten von Indiana zu decken. Die RFP sucht Generierungstechnologien, die in der Lage sind, bis zum 1. März 2028 vollständig akkreditierte Kapazitäten bereitzustellen. Vorschläge werden für innovative Lösungen ermutigt, einschließlich großflächiger Solar- und Windprojekte, Speicherlösungen, thermische Erzeugung, lastverändernde Ressourcen und nachfrageseitige Ressourcen.

Wichtige Daten sind: RFP wurde am 15. August 2024 ausgegeben; Mitteilung der Absicht bis zum 28. August 2024; Vorschläge bis zum 8. Oktober 2024 erforderlich. 1898 & Co., eine Abteilung von Burns & McDonnell, wird den RFP-Prozess verwalten. Die RFP 2024 steht im Einklang mit CenterPoints Verpflichtung, eine zuverlässige und nachhaltige Energieversorgung aufrechtzuerhalten, und unterstützt den integrierten Ressourcenplan (IRP).

Positive
  • Diversification of energy portfolio to enhance reliability and cost-effectiveness
  • Exploration of a wide range of technologies for long-term generation strategy
  • Alignment with the company's Integrated Resource Plan (IRP)
Negative
  • None.

Insights

CenterPoint Energy's All-Source RFP is a strategic move to diversify its energy portfolio and adapt to changing market dynamics. The company's focus on a wide range of technologies, including renewables, thermal and demand-side resources, demonstrates a forward-thinking approach to energy generation.

This RFP is likely to attract competitive bids from various energy providers, potentially leading to cost savings for CenterPoint and its customers. The inclusion of innovative solutions and demand-side resources also signals a shift towards a more flexible and resilient grid.

Investors should note that this move aligns with broader industry trends towards cleaner energy sources and grid modernization. While the immediate financial impact may be , the long-term implications for CenterPoint's operational efficiency and sustainability profile are positive.

CenterPoint Energy's RFP represents a significant step towards energy transition in southwestern Indiana. By seeking a diverse range of generation technologies, including renewable sources, the company is positioning itself to reduce its carbon footprint and align with evolving environmental regulations.

The inclusion of utility-scale solar, wind and storage projects in the RFP is particularly noteworthy. These technologies have seen rapid cost declines and efficiency improvements, potentially offering CenterPoint a cost-effective path to cleaner energy generation.

However, the continued consideration of thermal generation suggests a balanced approach to ensure grid reliability. This strategy may help mitigate potential regulatory risks associated with an overly aggressive transition to renewables.

EVANSVILLE, Ind., Aug. 19, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced its Indiana-based electric utility business, CenterPoint Energy Indiana South, has issued an All-Source Request for Proposals (RFP) to meet the evolving energy needs of its 150,000 electric customers in southwestern Indiana.

"As we continue to transition our electric generation resources, we are focused on diversifying our energy portfolio to help us to continue delivering safe, reliable and cost-effective service to our customers," said Shane Bradford, CenterPoint's Vice President, Indiana Electric. "This RFP allows us to explore a wide range of technologies that can contribute to our long-term generation strategy. We are also building on the insights gained from previous RFPs to better meet the needs of our customers and adapt to ever-evolving market conditions."

The RFP seeks generation technologies capable of providing fully accredited capacity no later than March 1, 2028. Respondents are encouraged to submit proposals that include utility-scale solar, wind and storage projects (standalone or paired), thermal generation, load-modifying resources, demand-side resources and other innovative solutions.

Key Dates and Submission Details:

  • RFP Issued: August 15, 2024
  • Notice of Intent and Required Documents Due: August 28, 2024
  • Proposals Due: October 8, 2024

CenterPoint Energy has retained 1898 & Co., a division of Burns & McDonnell, to manage the RFP process and assist with the evaluation of all proposals. Proposals must be submitted via the RFP website http://CenterPoint2024ASRFP.rfpmanager.biz. All communications regarding the RFP should be directed to 1898 & Co. through the website or via email at CenterPointRFP@1898andco.com.

The 2024 RFP aligns with CenterPoint's commitment to maintain a reliable and sustainable energy supply for its customers and supports its Integrated Resource Plan (IRP).

For more information on CenterPoint Energy's IRP, visit CenterPointEnergy.com/IRP.

Forward Looking Statement

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as the success of the RFP to identify additional generation technologies, including the amount and the timing thereof, the extent to which any generation technologies identified by the RFP can contribute to our long-term generation strategy, the timing and transition to renewable generation, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) CenterPoint Energy's business strategies and strategic initiatives; (2) changes in market demand; (3) CenterPoint Energy's ability to fund and invest planned capital and the timely recovery of CenterPoint's investments; (4) financial market conditions; (5) general economic conditions; (6) the timing and impact of regulatory proceedings and actions and legal proceedings; (7) effects of competition; (8) catastrophic events including public health threats; (9) weather variations and the impact of climate change; (10) changes in business plans; (11) continued disruptions to the global supply chain including volatility in commodity prices; (12) changes in technology; (13) legislative actions, including tax and developments related to the environment such as global climate change, air emissions, carbon, waste water discharges and the handling of coal combustion residuals; (14) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (15) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

For more information, contact
Media Relations
Media.Relations@CenterPointEnergy.com

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SOURCE CenterPoint Energy, Inc

FAQ

What is the purpose of CenterPoint Energy's (CNP) All-Source RFP issued on August 15, 2024?

The All-Source RFP aims to meet the evolving energy needs of CenterPoint Energy Indiana South's 150,000 electric customers in southwestern Indiana by seeking generation technologies capable of providing fully accredited capacity by March 1, 2028.

What types of generation technologies is CenterPoint Energy (CNP) seeking in its 2024 RFP?

CenterPoint Energy is seeking proposals for utility-scale solar, wind, storage projects (standalone or paired), thermal generation, load-modifying resources, demand-side resources, and other innovative solutions.

When is the deadline for submitting proposals to CenterPoint Energy's (CNP) 2024 All-Source RFP?

The deadline for submitting proposals to CenterPoint Energy's 2024 All-Source RFP is October 8, 2024.

How does the 2024 RFP align with CenterPoint Energy's (CNP) overall strategy?

The 2024 RFP aligns with CenterPoint Energy's commitment to maintain a reliable and sustainable energy supply for its customers and supports its Integrated Resource Plan (IRP).

CenterPoint Energy, Inc.

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