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Indiana Michigan Power's Acquisition of Oregon Clean Energy Center: A Strategic Move to Ensure Energy Reliability

On November 19, 2025, Indiana Michigan Power (I&M), a subsidiary of American Electric Power, announced that it secured approval from the Indiana Utility Regulatory Commission (IURC) for a significant acquisition—the Oregon Clean Energy Center. This existing power facility located in Oregon, Ohio, has a generation capacity of 870 megawatts (MW) and is a critical component of I&M's strategy to deliver dependable and affordable energy solutions for its customers today and in the future.

Enhancing Energy Reliability through Strategic Acquisition

The Oregon Clean Energy Center acquisition aligns with I&M's Future Ready plan, which outlines comprehensive strategies to meet the future energy demands of its customers. With increasing energy requirements projected from 2,800 MW in 2024 to more than 7,000 MW by 2030, the purchase is timely and essential to maintain reliability and efficiency. I&M President Steve Baker stated that this facility will diversify the company’s generation portfolio and provide a dependable power source that benefits current and future customers alike.

Following the IURC order, I&M also received approval from the Federal Energy Regulatory Commission (FERC) just the previous month. With these regulatory go-aheads, I&M will begin the transition of ownership and operations from the current owners, aiming for the changeover to be completed by March 2026.

A Vision for Sustainable Energy Solutions

As I&M navigates an unprecedented growth phase, the Oregon facility represents an essential step towards building a resilient energy infrastructure. The company currently operates a hybrid portfolio of energy generation that includes solar, wind, nuclear, coal, and hydroelectric power. Investing in the Oregon Clean Energy Center will ensure that the energy mix is not only diverse but also robust enough to accommodate the increasing demand from both existing and future customers.

Baker emphasized the company's proactive planning: "Demand is growing, and we're planning for it, not waiting for it. Our long-term strategy ensures that we stay ahead of demand rather than reacting to it. This approach leads to more price stability and reliability for all of I&M's customers."

Committing to a Cleaner Energy Future

I&M's commitment to improving energy delivery aligns with its sustainability goals, as over 85% of the energy delivered in 2024 was emission-free. The company continues to explore various sources of generation, including a notable capacity from nuclear plants in Michigan and investment in large-scale solar projects across its operating regions.

With a workforce of around 2,000 employees, I&M serves more than 600,000 customers, highlighting its significant role in community engagement. As part of the larger American Electric Power family, which anticipates investing $72 billion from 2026 to 2030, I&M is well-positioned to not only enhance service and reliability but also to advocate for cleaner energy solutions across integrated power systems.

Conclusion

The acquisition of the Oregon Clean Energy Center marks a pivotal development for Indiana Michigan Power as it strives to meet the future energy demands of its community. By enhancing its generation portfolio through strategic investments, the company is dedicated to creating a sustainable and reliable energy future for its customers.