Indiana Michigan Power Company

Climate Impact & Sustainability Data (2021)

76% reduction of CO2 emissions by 2041 from 2005 levels (including CO2 emissions for short-term and spot market purchases); 82% reduction excluding short-term and spot market purchase emissions

Extensive stakeholder engagement process including five public stakeholder meetings and an online platform for feedback

Collaboration with Siemens PTI for independent expertise and perspective on the IRP process

Long-term Goals:

Achieve 80% carbon emission reduction by 2030 from a 2000 baseline (AEP corporate goal)
Achieve net-zero emissions by 2050 (AEP corporate goal)

Short-term Goals:

Uncertainty regarding future carbon regulations
Retirement of Rockport Units 1 and 2 representing nearly half of the generation fleet
Uncertainty around Cook Nuclear Plant license extensions
Significant increases in fuel costs and supply chain disruptions in 2021
Uncertainty regarding the impacts of renewable resource growth, customer-owned generation, and vehicle electrification on load and resource requirements

Development of a Balanced Scorecard to evaluate potential portfolios against multiple metrics
Conducting All-Source Informational and Renewable RFPs to inform resource costs and performance
Incorporating the 2021 Market Potential Study results
Engaging an outside consultant (Siemens PTI) to support the modeling and stakeholder engagement process
Developing a Preferred Portfolio that balances near-term needs with long-term optionality
Short-Term Action Plan outlining near-term activities

Climate Change Data