Indianapolis Power & Light Co. announced Tuesday the company plans to spend $511 million to add new environmental controls at two of its coal-fired power generating plants, the Petersburg and Harding Street plants. The controls are intended to reduce mercury emissions by 80 percent.
The company stated the expenditure is part of IPL’s plans to comply with new Utility Mercury and Air Toxic Standards set by the U.S. Environmental Protection Agency. The company entered a $420 million contract with Indiana Environmental Partners for engineering, procurement and construction of the new controls, and the project is estimated to create 350 to 400 jobs during the peak construction period.
“This is an important step to further reduce air emissions from our plants and will allow us to meet new EPA standards while continuing to provide our customers with safe, reliable and affordable power,” IPL Chief Executive Officer Ken Zagzebski said. “IPL currently meets all EPA requirements, and in the past 10 years we have invested more than $600 million in environmental controls that have reduced emissions dramatically.”
IPL filed its plans with the state Utility Regulatory Commission. If approved, construction is scheduled to begin at the Petersburg Generating Station later in 2013.
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