I&M is Powering the Next Tomorrow to Significantly Expand Clean Energy Generation

About this update from American Electric Power Company, Inc.

[{"type":"text","content":"4 new Indiana solar power plants to boost reliability, sustainability of energy grid \nFORT WAYNE, Ind., April 3, 2023 /PRNewswire/ -- Indiana Michigan Power (I&M) is taking steps to significantly expand the volume of clean energy powering our customers' homes and businesses. I&M filed plans with state authorities for four solar power plants capable of generating power for more than 200,000 typical homes by mid-2026.\nIn a related significant step, I&M is also seeking new proposals for a combination of additional energy sources – including wind, solar, battery storage and natural gas (peaking) – to generate power for hundreds of thousands of homes by December 2027. These future projects will further diversify I&M's sources of generation to significantly increase the amount of clean energy and provide more flexibility in meeting customer needs.\nThe important advances in clean energy are part of the Powering the Next Tomorrow Integrated Resource Plan that I&M previously submitted to regulators in Michigan and Indiana. These solar power plants and the company's plans to add even more clean-energy resources are part of I&M's and American Electric Power's commitment to achieve net zero carbon dioxide emissions by 2045.\n\"I&M is taking these major strides in transitioning to cleaner, more diverse energy sources to best serve our customers, the environment and the economies of the communities we serve,\" said Steve Baker, I&M president and chief operating officer.\n\"These steps are the result of exhaustive studies and a stakeholder process that included input from advocates for customers, communities, the environment and more,\" Baker added. \"Importantly, they are also consistent with the energy policies of both states we serve.\"\nMore Flexibility to Best Serve Customers\nThe four new solar facilities mark an important next step in I&M's continuing transition to a more diverse energy supply and meeting the need for new sources to energize homes and businesses as the coal-fueled units at our Rockport, Ind., generation plant phase out of service. The Rockport Plant will be fully retired by the end of 2028.\nWhile I&M's Cook Nuclear Plant in Michigan consistently generates energy 24/7 as the anchor of I&M's generation, the variety of additional energy sources strengthen I&M's resilience.\nThe diversity of generation sources also incr...

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