US utility plans to ditch coal in favour of renewables – in just five years

RENEWECONOMY | Vectren, US energy company servicing the state of Indiana, has announced plans to shift from what is a nearly an all coal generation business to producing nearly two thirds of its total energy from renewable energy sources by 2025.

Announced on Monday during the company’s public stakeholder meeting, Vectren – which is a subsidiary of American Fortune 500 electric and gas utility CenterPoint Energy – revealed a final Integrated Resources Plan (IRP) which will serve to reduce the utility’s reliance on fossil fuels and lower its carbon emissions by nearly 75% on 2005 levels.

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