IPR News

Electricity Utilities Say Summer Consumption Could Be High

by IPR News

May 24, 2011

(UNDATED) – INDIANA ELECTRIC COMPANIES PREDICT THIS SUMMER‘S POWER CONSUMPTION COULD BE THE HIGHEST IN FOUR YEARS — A SIGN THAT THE ECONOMY IS ON THE REBOUND.NIPSCO C-O-O MICHAEL FINISSI SAYS HIS COMPANY IS PLANNING FOR ANOTHER THREE-PERCENT INCREASE THIS YEAR — BUT WOULDN‘T BE SURPRISED IF IT DOESN‘T HAPPEN.INDIANAPOLIS POWER AND LIGHT PREDICTS A SLIGHT DIP FROM LAST YEAR, BUT STILL ABOVE THE TWO RECESSION YEARS WHICH PRECEDED IT. BETWEEN PURCHASE CONTRACTS AND THEIR OWN GENERATING CAPACITY, BOTH UTILITIES PREDICT NO TROUBLE MEETING DEMAND.

(From Network Indiana)