MEDIA CONTACTS:
David Mayne
I&M Communications
(260) 425-2109
FOR IMMEDIATE RELEASE
FORT WAYNE, Ind., Jan. 24, 2011 – Indiana Michigan Power (I&M), an operating unit of American Electric Power (NYSE: AEP), has issued a request for proposals (RFP) for 100 megawatts of wind energy for use by its customers from a facility to be built in the I&M service territory. The wind project is expected to be operational by the end of 2012.
Subject to regulatory approval from the Indiana Utility Regulatory Commission and the Michigan Public Service Commission, I&M intends to have a 50 percent ownership interest in the project and enter into a long-term power purchase agreement with the successful bidder for the remaining 50 percent of the power generated from the wind facility. I&M currently purchases a total of 150 megawatts of wind power from the Fowler Ridge Wind Farm located in Benton and Tippecanoe Counties in Indiana.
Potential bidders are required to pre-qualify to submit a proposal into this RFP. Pre-Qualification forms are due on or before Feb. 2. A copy of the RFP is available at http://www.indianamichiganpower.com/go/rfp, and questions about the qualification process may be sent by e-mail to I&MWindEnergyRFP2011@aep.com
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Indiana Michigan Power (I&M) is headquartered in Fort Wayne and serves more than 582,000 customers in Michigan and Indiana. It operates 3,595 MW of coal-fired generation in Indiana, 2,110 MW of nuclear generation in Michigan and 22 MW of hydro generation in both states. The company also provides its customers 150 MW of purchased wind generation. I&M is a unit of American Electric Power (AEP), which is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning more than 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP’s utility units operate as 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’s headquarters are in Columbus, Ohio. Additional information about I&M is available at http://www.IndianaMichiganPower.com
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You can download this press release here: I&M WIND RFP_NR[1]
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