NIPSCO’s plan will cost shareholders and customers alike, says Fred Palmer, managing director of Burnmorecoal.com and a Heartland Institute senior fellow. “NIPSCO’s proposal to replace all coal-fired generation within 10 years with higher-cost renewables comes without a legitimate business or environmental reason to take this action,” said Palmer. “Customers will be punished, and shareholder wealth will be squandered as NIPSCO’s plan, with its new high-price rate structure, drives manufacturing overseas to China-led Asia, where new coal plants are being built and existing low-cost coal generation is booming.”
