Indiana Michigan Power to invest $500 million in new Ind. project

File Photo.

FORT WAYNE, Ind. (WANE) – Indiana Michigan Power (I&M) announced Wednesday that it plans to invest $500 million in the new Powering Up Northeast Indiana Plan, which will upgrade the region’s electricity transmission infrastructure.

According to I&M officials, Powering Up Northeast Indiana involves rebuilding and improving power lines, installing new transmission lines, building and improving substations, and updating equipment. The project will strengthen transmission capability in and around Fort Wayne. Officials said the work is part of a larger, regional upgrade effort by AEP. Transmission lines carry power over long distances, across multiple service territories and benefit customers in multiple states.

Most costs will be spread among a number of utilities and are expected to have minimal effect on I&M’s rates.

“This investment demonstrates the long-term commitment I&M and AEP have to northeast Indiana,” said Paul Chodak, I&M President and Chief Operating Officer. “Upgrading our transmission system is essential to ensure that we will continue to provide reliable power to households, businesses and industries in our area – not just tomorrow but far into the future.”

To see the map, Powering Up map, click here.

To see I & M’s 2014 Fact Sheet, click here.

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