FORT WAYNE, Ind., April 11, 2025/ PRNewswire/– Indiana Michigan Power (I&M), an American Electric Power AEP business, has actually made a filing with the Indiana Energy Regulatory Commission (IURC) asking for approval of a certificate of public benefit and need (CPCN) to get the Oregon Clean Energy Center, an existing 870 megawatt (MW) gas plant situated in Oregon, Ohio.
I&M’s filing describes the requirement to get the center, information about the plant, and future operating strategies, if authorized. Through the CPCN procedure the IURC will make sure that the proposed plant acquisition remains in the general public interest and is simply and affordable.
The proposition to get the Oregon Clean Energy Center and its 870 MW of natural gas-fueled electrical generation is one element of I&M’s Future Ready strategy, which information the resources required to supply I&M clients trusted and budget-friendly energy today and into the future.
” I&M has actually developed the requirement for extra electrical generation, and our company believe the Oregon Clean Energy Center is a crucial chance to even more diversify our existing generation portfolio and position I&M for future development,” stated Steve Baker, I&M president and chief running officer. “It is our obligation to make sure that our existing and future clients have trusted and budget-friendly power.”
I&M is presently browsing an unmatched time in its history. As the business looks ahead, power need is anticipated to more than double the Indiana peak from roughly 2,800 MW in 2024 to more than 7,000 MW in the 2030 timeframe. The fast development in energy need offers a chance for I&M to improve the method it serves existing clients and those the business will serve years into the future.
The Oregon center, if authorized, will supply a steady source of power to fulfill the 24 hr each day x 7 days weekly functional requirements of our existing clients and the brand-new clients coming on to the I&M system.
I&M’s existing generation portfolio integrates a varied mix of resources, consisting of solar, wind, nuclear, coal and hydroelectric systems. The business’s vision for the future is to carry out an “all of the above” method to supplying a trustworthy, resistant, and steady electrical power system that clients can access cost effectively.
Fringe benefits to this method are that it supports financial advancement, steady energy expenses, and access to brand-new innovations.
I&M expects a choice from the IURC on the filing in early 2026. The business will send extra filings to the IURC throughout 2025 to ask for approval for extra resources that follow the Future Ready Strategy.
For more details on I&M’s Future Ready Strategy, visit our site.
Indiana Michigan Power (I&M) is headquartered in Fort Wayne, and its roughly 2,000 workers serve more than 600,000 clients. More than 85% of its energy provided in 2023 was emission-free. I&M has at its accessibility different sources of generation consisting of 2,278 MW of nuclear generation in Michigan, 450 MW of bought wind generation from Indiana, more than 22 MW of hydro generation in both states and roughly 35 MW of massive solar generation in both states. The business’s generation portfolio likewise consists of 1,497 MW of coal sustained generation.
About American Electric Power (AEP)
Our group at American Electric Power is devoted to enhancing our clients’ lives with trusted, budget-friendly power. We are investing $ 54 billion from 2025 through 2029 to improve service for clients and support the growing energy requirements of our neighborhoods. Our almost 16,000 workers run and preserve the country’s biggest electrical transmission system with 40,000 line miles, in addition to more than 225,000 miles of circulation lines to provide energy to 5.6 million clients in 11 states. AEP likewise is among the country’s biggest electrical power manufacturers with roughly 29,000 megawatts of varied creating capability. We are concentrated on security and functional quality, developing worth for our stakeholders and bringing chance to our service area through financial advancement and neighborhood engagement. Our household of business consists of AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Civil Service Business of Oklahoma, and Southwestern Electric Power Business (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP likewise owns AEP Energy, which offers ingenious competitive energy services across the country. AEP is headquartered in Columbus, Ohio For more details, check out aep.com.
Press release and other info about I&M are readily available at IndianaMichiganPower.com
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SOURCE Indiana Michigan Power
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