CenterPoint power plant presents a bad show for businesses and consumers - Courier & Press

CenterPoint power plant presents a bad show for businesses and consumers – Courier & Press

Legally, your electricity utility is required to provide you with the service “at the lowest possible cost that is reasonably possible.”

That’s why it’s disappointing to see CenterPoint Energy proposing to build a new natural gas power plant expected to run less than 10% of the time, at a cost of $900 million, or about $23 per month per residential customer. No matter how you look at it, it’s a bad deal.

Hoosiers in the CenterPoint service area are already saddled with the highest rates of residential electricity in Indiana and, on average, spend the highest percentage of their incomes on electric bills. Local companies struggle with workforce and supply chain issues as they try to make ends meet.

Even rising energy costs will make it difficult for Evansville to attract new economic activity. But the power plant proposal also makes no sense in the context of CenterPoint’s commendable clean energy goals, which it claims are some of the most ambitious in the utility industry.

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