July 21, 2017 4:09 AM ET

Electric Utilities

Company Overview of Indiana Michigan Power Company

Company Overview

Indiana Michigan Power Company generates, transmits, and distributes electric power to retail and other customers in northern and eastern Indiana and southwestern Michigan. The company also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. It generates electric power from hydro, solar, coal, and nuclear sources. The company owns or leases approximately 3,539 megawatts of generating capacity; and serves approximately 592,000 retail customers. It principally serves primary metals, transportation equipment, electrical and electronic machinery, fabricated metal products, and transporta...

1 Riverside Plaza

Columbus, OH 43215

United States

Founded in 1925

2,475 Employees

Phone:

614-716-1000

Key Executives for Indiana Michigan Power Company

Chairman of the Board and Chief Executive Officer
Age: 57
President, Chief Operating Officer and Director
Age: 46
Chief Financial Officer, Executive Vice President and Director
Age: 49
Chief Accounting Officer and Controller
Assistant Secretary
Compensation as of Fiscal Year 2017.

Indiana Michigan Power Company Key Developments

Indiana Michigan Power Appoints Toby Thomas as New President & Chief Operating Officer, Effective January 1, 2017

Indiana Michigan Power announced a change in leadership at its company based in Fort Wayne, Ind. Toby Thomas will become I&M's President and Chief Operating Officer, effective Jan. 1, 2017. Thomas, a native of Waveland, Ind., and graduate of Rose Hulman Institute of Technology, will succeed Paul Chodak III, who has served as I&M's President and COO since 2010 and is moving into a new role at AEP headquarters in Columbus, Ohio. Thomas will lead the 2,450 I&M employees in Indiana and Michigan in the utility's mission of providing reliable and affordable power to its 589,000 customers through its extensive power generation fleet that includes nuclear, coal, solar, wind and hydroelectric resources. Thomas comes to I&M after serving as the vice president of AEP Competitive Generation, where he was responsible for AEP's competitive generation fleet in Ohio. Prior to that, Thomas was vice president of AEP Ohio, Joint Venture, and Wind Generation, and previously held generation leadership positions at AEP's operating unit of Kentucky Power and at AEP's corporate headquarters.

Indiana Michigan Power's Michiana Solar Power Plant Begins Generating Energy

Indiana Michigan Power is now generating energy at its first Michiana-area solar power plant The Twin Branch Solar Power Plant went online on August 18, 2016 following a thorough testing and commissioning process. The facility is generating up to 2.6 megawatts of electricity, and its generation is expected to power the equivalent of about 365 homes annually. The Twin Branch plant is located just east of Mishawaka, in an industrial area north of the AM General factory. Twin Branch is the second of four I&M solar power plants plant to generate energy. The 2.5-megawatt Deer Creek plant just outside Marion, Ind., went online late in 2015. Construction is ongoing at two additional Michiana solar plants - near New Carlisle, Ind., and Watervliet, Mich., which will begin generating solar energy later in 2016. Combined, the four solar plants will have a capacity of nearly 15 megawatts and produce enough energy to power 2,000 homes annually. The four plants are part of I&M's Clean Energy Solar Pilot Project. In addition to solar, I&M's generation portfolio also includes nuclear, hydro, coal and, through power purchase agreements, wind. About 60% of the energy generated by I&M in 2015 came from non-carbon-emitting sources.

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