Indiana Michigan Power, a unit of American Electric Power, received regulatory approval to acquire the Oregon Clean Energy Center, a 870‑megawatt natural‑gas plant located in Oregon, Ohio. The Indiana Utility Regulatory Commission granted the approval on November 19, 2025, following Federal Energy Regulatory Commission clearance in October of the same year.
The acquisition will be completed in March 2026 and adds a firm, dispatchable combined‑cycle plant to I&M’s portfolio. The 870‑MW facility is a key component of AEP’s “Future Ready” plan, which aims to meet a projected peak demand of 65 gigawatts by 2030 and to support the company’s electrification super‑cycle driven by data centers and industrial reshoring.
AEP’s broader strategy balances renewable investments with natural‑gas generation to ensure reliability during the transition to a low‑carbon grid. The company has outlined a $72 billion capital investment program from 2026 through 2030, and the Oregon Clean Energy Center acquisition aligns with that plan by providing dispatchable capacity that complements AEP’s solar, wind, nuclear, coal, and hydro assets.
Steve Baker, president and chief operating officer of Indiana Michigan Power, said the plant “is an important opportunity to further diversify I&M’s current generation portfolio, acquire dependable generation, and position us for future growth to the benefit of all our customers.” The acquisition strengthens AEP’s ability to serve its 5.6 million customers across 11 states while positioning the company for the projected demand surge.
The 870‑MW addition enhances AEP’s capacity mix, supports the company’s electrification strategy, and provides a reliable power source that will help meet the growing demand from data centers, industrial reshoring, and broader electrification trends. The acquisition underscores AEP’s commitment to balancing renewable expansion with natural‑gas generation to maintain grid reliability and support long‑term growth.
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