Indiana Michigan Power (I&M), a subsidiary of American Electric Power (AEP), has submitted a request to the Indiana Utility Regulatory Commission (IURC) seeking approval to acquire the Oregon Clean Energy Center, an 870MW natural gas plant in Oregon, Ohio.
The company aims to secure a certificate of public convenience and necessity (CPCN) for the acquisition. The IURC will evaluate whether the acquisition aligns with public interest and is deemed fair and reasonable.
The acquisition forms a part of I&M’s Future Ready plan, which outlines the resources required to deliver reliable and affordable energy to its customers.
I&M anticipates a significant increase in power demand, with projections indicating a rise from approximately 2,800MW in 2024 to over 7,000MW by 2030. This growth presents an opportunity for I&M to adapt its energy service strategies for both current and future customers.
I&M president and COO Steve Baker said: “I&M has established the need for additional electric generation, and we believe the Oregon Clean Energy Center is an important opportunity to further diversify our current generation portfolio and position I&M for future growth.
“It is our responsibility to ensure that our current and future customers have reliable and affordable power.”
If approved, the Oregon facility will supply consistent power to meet the operational needs of I&M’s existing and new customers around the clock. I&M’s current energy generation includes a mix of solar, wind, nuclear, coal, and hydroelectric sources.
The company plans to adopt a comprehensive approach to ensure a reliable and resilient power system that remains affordable for consumers.
I&M expects the IURC to make a decision on the filing by early 2026. Throughout 2025, I&M will continue to submit additional filings to seek approval for further resources in line with the Future Ready Plan.
Based in Fort Wayne, I&M employs around 2,000 individuals and provides services to more than 600,000 customers. In 2023, over 85% of the energy it supplied was free from emissions.
