6/24/2019
I&M Michigan Plan Continues Commitment to Customers by Enhancing Infrastructure

Cook Nuclear Plant

FORT WAYNE, Ind. – Indiana Michigan Power (I&M) seeks to continue to enhance its infrastructure at Cook Nuclear Plant and across southwest Michigan in plans submitted Monday to the Michigan Public Service Commission (MPSC).

I&M’s Michigan Plan calls for $478 million in infrastructure improvements over 2019-2020 at Cook Nuclear Plant, which generates enough energy to power more than 1.5 million homes. With 1,200 full-time employees and a record of community involvement, Cook Plant has long been important to the economy of southwest Michigan while serving customers with emission-free energy 24/7/365.

The plan also incorporates the first two years of I&M’s five-year Distribution Reliability Plan, which is designed to ensure safe, reliable and accessible energy at reasonable rates. Over 2019 and 2020, I&M plans to replace more than 1,200 poles, 40 miles of wires and other equipment as it nears expected lifespans. At the same time, I&M’s Michigan Plan details steps to modernize and strengthen the energy grid with more high-tech equipment to reduce the number, extent and duration of power outages.

“Cook Nuclear Plant is vital to I&M’s generation system and is a major driver of the southwest Michigan economy – largely because of well-planned, cost-effective investments and thorough, efficient maintenance and operations,” said Toby Thomas, President and Chief Operating Officer of I&M.

“In addition to supporting Cook Plant, I&M’s Michigan Plan will boost our reliability infrastructure by pro-actively updating poles and wires while adding more high-tech equipment to power lines, substations and homes,” Thomas added. “I&M’s Michigan Plan takes another big step toward better serving our customers and meeting their energy needs.”

I&M’s Michigan Plan includes:

• Addressing the No. 1 cause of customer outages by continued, systematic tree trimming, including trimming along more than 1,000 line miles in 2019-2020.

• Developing a stronger, smarter grid by investing in advanced technological equipment that enhances reliability by automatically detecting and addressing possible system problems.

• Providing customers with new smart meters that will reduce outage times and empower customers with more information about their energy use.

• Giving most Michigan residential and small commercial customers an option for having a flat monthly bill that remains unchanged over 12 months, with no requirement for a year-end settling-up adjustment.

• Eliminating the service charge for income-qualified customers while encouraging energy efficiency measures to reduce energy use.

• Moving 24 miles of lines now in problematic, hard-to-reach – sometimes swampy – areas.

• Adding more ways to support electric car charging, which benefits the electric grid and all customers. The Michigan Plan adds to existing incentives for residential electric car charging by including programs for businesses and apartment buildings.

• Helping southwest Michigan communities by enhancing job opportunities through reimbursing employers for qualifying apprenticeships and training.

• Creating a new Building Development Program to help construct spec buildings that are important for job-creators seeking quickly available locations.

To support these and other elements of the Michigan Plan, I&M has asked the MPSC to review its base rates. The overall increase would be about $58.5 million, or 18.91 percent. The monthly increase for a typical residential customer who uses 1,000 kilowatt hours of energy per month would be $36. The new monthly amount includes a residential service charge of $10 to update the true costs associated with providing meter reading, billing and collection and other customer-related services.

The Michigan Public Service Commission will review I&M’s proposal using a transparent process that offers opportunity for public review and input. Customers can learn more about I&M’s Michigan Plan and the regulatory rate review process at www.IndianaMichiganPower.com/MichiganPlan

# # #

Indiana Michigan Power (I&M) is headquartered in Fort Wayne, and its 2,370 employees serve more than 597,000 customers. More than half of its generation is emission-free, including 2,278 MW of nuclear generation in Michigan, 450 MW of purchased wind generation from Indiana, 22 MW of hydro generation in both states and approximately 15 MW of large-scale solar generation in both states. The company’s generation portfolio also includes 2,600 MW of coal-fueled generation in Indiana.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP’s more than 17,000 employees operate and maintain the nation’s largest electricity transmission system and more than 219,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 32,000 megawatts of diverse generating capacity, including 4,300 megawatts of renewable energy. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners and AEP Renewables, which provide innovative competitive energy solutions nationwide. News releases and other information about I&M are available at IndianaMichiganPower.com

Brian Bergsma
Director of Communications and State Government Affairs
Indiana Michigan Power
(317) 670-3561
bebergsma@aep.co

Tracy Warner
Corporate Communications Manager
Indiana Michigan Power Communications
(260) 408-3420
tkwarner@aep.com
Cook Nuclear Plant

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