April 11, 2025

NIPSCO secures U.S. approval to acquire 200-MW Indiana solar project from California, Dutch pension funds, Abu Dhabi investment fund

The acquisition shifts NIPSCO to sole owner, allowing direct access to Production Tax Credits under the Inflation Reduction Act.

Sole Ownership: FERC authorized Northern Indiana Public Service Company LLC (NIPSCO), a NiSource Inc. subsidiary, to acquire 100% of the Gibson solar plant in Indiana from Arevon Energy JV V LLC, according to an April 10 filing. This acquisition follows NIPSCO's recent purchase of another Indiana solar plant, reflecting the company's strategy to leverage Inflation Reduction Act (IRA) tax credits. ...

Details:

Filing Date: April 10, 2025

Docket Numbers:

EC25-58

Short Summary:

FERC authorized Northern Indiana Public Service Company LLC (NIPSCO), a NiSource Inc. subsidiary, to acquire 100% of the Gibson solar plant in Indiana from Arevon Energy JV V LLC, according to an April 10 order.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions, Solar

Entities: Northern Indiana Public Service Company LLC

Markets: Midcontinent Independent System Operator (MISO)

Regions: Central

States: Indiana

Regulators: FERC

Courts:

Documents:

Acquisition & Disposition – Order Approving