REYNOLDS, Ind. (WLFI) – A $350 million investment is starting to take shape in Reynolds, Ind. Magnetation made the largest economic investment in White County history. As work continues on the iron ore plant, it is hard to drive anywhere in Reynolds without seeing it in the distance.
Magnetation will soon get a new neighbor as NIPSCO begins work on two transmission lines. Both are going different directions, but both are starting in Reynolds.
“It happens to be an area that connects lines from different power providers,” said NIPSCO Communications Manager Kathleen Szot. “Within these 17 projects, they’re really looking at where is power being generated and where power needs to go.”
Szot said the lines from Reynolds to Topeka to the north and Reynolds to Greentown to the east are two of 17 different electric improvement projects companies are completing throughout the Midwest. She said all the projects have been ordered by the Midcontinent Independent System Operator to improve transmission reliability across the region.
The Topeka project came first. Szot said NIPSCO has already held several public meetings and is now talking to property owners who would be affected by the construction of the line.
White County Economic Development President Randy Mitchell said a new substation will be built to support the two lines.
“The substation is absolutely huge,” Mitchell said. “[It's] over 750 kilovolts.”
As part of the two projects, a $150 million investment in the form of a new substation will come to Reynolds. It will be built in the area of Magnetation. But Magnetation will not be the only ones benefiting from it, Mitchell said other companies thinking about coming to White County will also benefit.
“The whole idea is for NIPSCO to be more responsive to the electrical needs for development,” Mitchell said. “The nice thing about it is in the future, if we have developments such as a Magnetation, the electrical usage will be there.”
For a timeline of the Reynolds to Topeka project, click here.
For a timeline for the Greentown to Reynolds project, click here.