FORT WAYNE – Indiana Michigan Power (I&M), an American Electric Power (NYSE: AEP) company, is asking the Indiana Utility Regulatory Commission to approve I&M’s Building the Future proposal.
This is the first time since 2011, and only the third time in the past 25 years, that I&M has asked for a review of its base rates in Indiana. The Building the Future plan calls for investments to enhance customer reliability and service by reducing outages, as well as changes to facilitate the ongoing transition to a more diversified fleet of energy generation resources.
Building the Future would help diminish I&M’s No. 1 source of customer outages – trees and other vegetation – by accelerating trimming and clearing near power lines. I&M plans to establish a systematic, four-year trimming cycle consistent with accepted industry guidelines to keep trees away from lines, a major step in addressing outages.
The Building the Future plan includes systematically updating I&M’s aging energy delivery system, using stronger poles and wires as well as expanded technology to make the system more resilient to weather events and reduce the impact of weather-related outages.
In 2018 alone, I&M expects to replace an estimated 1,400 poles, more than 20 miles of overhead lines and more than 12 miles of underground lines in the Indiana service territory.