VERIFIED JOINT PETITION OF NORTHERN INDIANA PUBLIC SERVICE COMPANY LLC, DUNN’S BRIDGE I SOLAR GENERATION LLC, DUNN’S BRIDGE II SOLAR GENERATION LLC, AND CAVALRY SOLAR GENERATION LLC (THE “JOINT VENTURES”) FOR (1) ISSUANCE TO NIPSCO OF A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY FOR THE PURCHASE AND ACQUISITION OF (A) A 265 MW SOLAR PROJECT (“THE BRIDGE I PROJECT”), (B) A 435 MW SOLAR AND 75 MW ENERGY STORAGE PROJECT (“THE BRIDGE II PROJECT”), AND (C) A 200 MW SOLAR PROJECT AND 60 MW ENERGY STORAGE PROJECT (“THE CAVALRY PROJECT”) (COLLECTIVELY, THE “SOLAR PROJECTS”); (2) APPROVAL OF THE SOLAR PROJECTS AS CLEAN ENERGY PROJECTS UNDER IND. CODE § 8‐1‐8.8‐11; (3) APPROVAL OF RATEMAKING AND ACCOUNTING TREATMENT ASSOCIATED WITH THE SOLAR PROJECTS; (4) AUTHORITY TO ESTABLISH AMORTIZATION RATES FOR NIPSCO’S INVESTMENT IN THE JOINT VENTURES; (5) APPROVAL PURSUANT TO IND. CODE § 8‐1‐2.5‐6 OF AN ALTERNATIVE REGULATORY PLAN INCLUDING ESTABLISHMENT OF JOINT VENTURES THROUGH WHICH THE SOLAR PROJECTS WILL SUPPORT NIPSCO’S GENERATION FLEET AND THE REFLECTION IN NIPSCO’S NET ORIGINAL COST RATE BASE OF ITS INVESTMENT IN JOINT VENTURES; (6) APPROVAL OF PURCHASED POWER AGREEMENTS AND CONTRACTS FOR DIFFERENCES THROUGH WHICH NIPSCO WILL PAY FOR THE ENERGY GENERATED BY THE SOLAR PROJECTS, INCLUDING TIMELY COST RECOVERY PURSUANT TO IND. CODE § 8‐1‐8.8‐11 THROUGH NIPSCO’S FUEL ADJUSTMENT CLAUSE; (7) AUTHORITY TO DEFER AMORTIZATION AND TO ACCRUE POST‐IN SERVICE CARRYING CHARGES ON NIPSCO’S INVESTMENT IN JOINT VENTURES; (8) TO THE EXTENT GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WOULD TREAT ANY ASPECT OF JOINT VENTURES AS DEBT ON NIPSCO’S FINANCIAL STATEMENTS, APPROVAL OF FINANCING; (9) APPROVAL OF AN ALTERNATIVE REGULATORY PLAN FOR NIPSCO IN ORDER TO FACILITATE THE IMPLEMENTATION OF THE SOLAR PROJECTS; AND (10) TO THE EXTENT NECESSARY, ISSUANCE OF AN ORDER PURSUANT TO IND. CODE § 8‐1‐2.5‐5 DECLINING TO EXERCISE JURISDICTION OVER THE JOINT VENTURES AS PUBLIC UTILITIES. |