Indiana Michigan Power (I&M), an American Electric Power (Nasdaq: AEP) company, has made a filing with the Indiana Utility Regulatory Commission (IURC) requesting approval of a certificate of public convenience and necessity (CPCN) to acquire the Oregon Clean Energy Center, an existing 870 megawatt (MW) natural gas plant located in Oregon, Ohio.
I&M's filing explains the need to acquire the facility, details about the plant, and future operating plans, if approved. Through the CPCN process the IURC will ensure that the proposed plant acquisition is in the public interest and is just and reasonable.
The proposal to acquire the Oregon Clean Energy Center and its 870 MW of natural gas-fueled electric generation is one component of I&M’s Future Ready plan, which details the resources needed to provide I&M customers reliable and affordable energy today and into the future.
"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," said Steve Baker, I&M president and chief operating officer. "It is our responsibility to ensure that our current and future customers have reliable and affordable power."
I&M is currently navigating an unprecedented time in its history. As the company looks ahead, power demand is expected to more than double the Indiana peak from approximately 2,800 MW in 2024 to more than 7,000 MW in the 2030 timeframe. The rapid growth in energy demand provides an opportunity for I&M to reshape the way it serves current customers and those the company will serve decades into the future.
The Oregon facility, if approved, will provide a stable source of power to meet the 24 hours per day x 7 days per week operational requirements of our existing customers and the new customers coming on to the I&M system.
I&M's current generation portfolio incorporates a diverse mix of resources, including solar, wind, nuclear, coal and hydroelectric units. The company's vision for the future is to implement an "all of the above" approach to providing a reliable, resilient, and stable electric power system that customers can access affordably.
Additional benefits to this approach are that it supports economic development, stable energy costs, and access to new technologies.
I&M anticipates a decision from the IURC on the filing in early 2026. The company will submit additional filings to the IURC throughout 2025 to request approval for additional resources that are consistent with the Future Ready Plan.
For more information on I&M’s Future Ready Plan, visite nuestro sitio web.