Indiana Michigan Power has been authorized to acquire the Oregon Clean Energy Center, an 870 MW natural gas facility, to enhance its energy generation capacity and meet growing demand.

Target Information

Indiana Michigan Power (I&M), part of the American Electric Power (AEP) family, is a utility company headquartered in Fort Wayne, Indiana. With around 2,000 employees, I&M serves over 600,000 customers, focusing on delivering reliable and affordable energy. In line with its Future Ready plan, I&M aims to enhance its energy portfolio and meet the increasing demand for electricity. The agreement approved by the Indiana Utility Regulatory Commission (IURC) allows I&M to acquire the Oregon Clean Energy Center, an 870-megawatt (MW) natural gas plant located in Oregon, Ohio, further diversifying its energy generation capacity.

Industry Overview in Ohio

The energy sector in Ohio has seen significant developments in recent years, with natural gas emerging as a dominant fuel source. This shift is primarily due to the abundance of shale gas and technological advancements in extraction methods. As energy demand rises, particularly in the context of a growing population and increasing industrial activity, natural gas plants like the Oregon Clean Energy Center are crucial in ensuring a reliable and stable power supply.

Ohio’s energy landscape includes a mix of energy sources ranging from coal and nuclear to renewable options such as wind and solar. The state's regulatory environment encourages investment in cleaner energy sol