Indiana Michigan Power Receives Order in Large Load Settlement [Yahoo! Finance]
American Electric Power Company, Inc. (AEP)
Last american electric power company, inc. earnings: 2/20 06:57 am
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Source: Yahoo! Finance
Indiana Utility Regulatory Commission's (IURC) recent order regarding its large load tariff settlement filed in late 2024. The term "large load" refers to customers who require a substantial amount of energy to operate and maintain their operations, primarily including data centers and large industrial customers. The joint settlement with the Indiana Office of Utility Consumer Counselor (OUCC), Amazon Web Services (AWS), Microsoft, Google, the Data Center Coalition (DCC) and the Citizens Action Coalition (CAC) reinforces I&M's commitment to providing reliable and affordable service for all customers and allows for the company to pursue opportunities that support the continued economic growth of the communities it serves. The IURC order approved the terms of the joint settlement, with one modification, and requires new large load customers, including data centers, to make long-term financial commitments proportional to their size. This will ensure the costs to serve these large loa
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