Selected cost estimates for combined-cycle gas turbines ($/kW)

Note: All costs converted to $2030 using 2.3% expected annual inflation, as per FRED's Apr 2025 Consumer Price Index.
Source: Cayuga CPCN (Duke Energy Indiana, Feb 2025); Report on Duke Indiana’s 2024 IRP (Energy Futures Group, Feb 2025); LG&E, KU Propose $3.7B Power Buildout (POWER Magazine, Mar 2025); 2024 Joint IRP (LG&E and KU, Oct 2024); 2025 CONE Report for PJM (Brattle, Apr 2025); Sixth Review of PJM’s RPM VRR Curve Parameters (Brattle, Nov 2024); 2024 ATB Data (NREL, Jul 2024); Lazard LCOE+ (Lazard, Jun 2024); Assumptions to the AEO 2025 (EIA, Apr 2025).