Indiana Michigan Power Receives Order in Large Load Settlement

Group 1 - Indiana Michigan Power (I&M) has received an order from the Indiana Utility Regulatory Commission (IURC) regarding its large load tariff settlement, which primarily affects data centers and large industrial customers [1][3] - The joint settlement involves multiple stakeholders, including the Indiana Office of Utility Consumer Counselor, Amazon Web Services, Microsoft, Google, and others, emphasizing I&M's commitment to reliable and affordable service while supporting economic growth [2][5] - The IURC order mandates that new large load customers must make long-term financial commitments proportional to their size, ensuring that costs are recovered from them and not passed on to existing customers [3][5] Group 2 - A modification in the settlement requires any reduction of more than 20% in a large load customer's contracted peak capacity to be submitted to the IURC for review, enhancing transparency and oversight [4] - I&M's president highlighted the importance of balancing the interests of new and existing customers, aiming to optimize investments in generation and transmission facilities to improve energy affordability over time [5] - Significant investments in data centers by AWS ($11 billion) and Google ($2 billion) are expected to create jobs and provide economic benefits to local communities in Indiana [6] Group 3 - I&M serves over 600,000 customers with a workforce of approximately 2,000 employees, delivering over 85% of its energy in 2023 as emission-free [7] - The company's generation portfolio includes 2,278 MW of nuclear, 450 MW of wind, over 22 MW of hydro, approximately 35 MW of solar, and 1,497 MW of coal generation [7] - American Electric Power (AEP), I&M's parent company, plans to invest $54 billion from 2025 to 2029 to enhance service and meet growing energy demands across its service territory [8]