Core Insights - Indiana Michigan Power (I&M) is acquiring the Oregon Clean Energy Center, an 870 MW natural gas plant, to enhance its energy generation capabilities and meet future customer demands [1][2][3][4]. Group 1: Acquisition Details - The acquisition of the Oregon Clean Energy Center is part of I&M's Future Ready plan, aimed at providing reliable and cost-effective energy as demand increases [2]. - I&M has received necessary regulatory approvals from the Indiana Utility Regulatory Commission (IURC) and the Federal Energy Regulatory Commission (FERC) to proceed with the acquisition, expected to be completed by March 2026 [3]. Group 2: Demand and Growth Strategy - I&M anticipates a significant increase in power demand, projecting growth from approximately 2,800 MW in 2024 to over 7,000 MW by 2030, necessitating a proactive approach to energy generation and infrastructure [5][7]. - The Oregon facility will contribute to a stable power supply for both existing and new customers, complementing I&M's diverse generation portfolio, which includes solar, wind, nuclear, coal, and hydroelectric resources [6]. Group 3: Company Overview - I&M serves over 600,000 customers and has a generation portfolio that includes 2,278 MW of nuclear, 450 MW of wind, and 1,497 MW of coal generation, with more than 85% of its energy delivered in 2024 being emission-free [7]. - American Electric Power (AEP), I&M's parent company, plans to invest $72 billion from 2026 to 2030 to enhance service and support growing energy needs across its service territories [8].