AEP unit Indiana Michigan Power seeks approval for 1,520-MW Rockport gas plant

American Electric Power Company, Inc.

American Electric Power Company, Inc.

AEP

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  • AEP unit Indiana Michigan Power filed with Indiana regulators to build a 1,520-MW natural gas combined-cycle plant at its Rockport site.
  • Project targets baseload capacity as demand in I&M’s Indiana service area is projected to more than double by early 2030s.
  • Regulatory decision expected in early 2027; construction slated for 2027; commercial operation targeted for summer 2030.
  • I&M expects roughly 1,200 construction jobs; 30-40 permanent roles; aims to cut market power purchases, reducing price volatility exposure.
  • I&M said the investment is already reflected in its upcoming rate-reduction filing and non-fuel rate freeze.


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