Unmatched Electric Services

Indiana Michigan Power (I&M) is a subsidiary of the American Electric Power Company, Inc. (AEP), which ranks as one of the nations largest electric utilities. I&M Power itself generates, transmits, and distributes electricity to 589,000 residential, industrial and commercial customers in northern Indiana and southwestern Michigan.

Customized Rate Calculation

Each business is unique in its energy needs and usage. Need to know what your energy bill might look like? Send us your peak demand, monthly kWh and/or load factor and we will generate a custom estimate.

Incentives for New & Growing Customers

For businesses requiring new or upgraded service to adequately serve higher demands, I&M may be able to provide assistance through revenue credits as determined in Indiana or Michigan’s terms and conditions.

An Economic Development Rider is also available to new or expanding I&M customers in both Indiana and Michigan. Each state has specific requirements but both offer a billing demand credit for up to 60 consecutive months*.

*In Michigan, the minimum peak demand is 300kW.  In Indiana, the minimum peak demand is 500kW

For more information on the Economic Development Rider in Indiana, click here

For the Michigan Economic Development Rider, click here


Indiana Rates

I&MState Avg.National Avg.
Residential13.59 c/kWh12.25 c/kWh12.86 c/kWh
Commercial10.46 c/kWh10.61 c/kWh10.68 c/kWh
Industrial7.17 c/kWh7.40 c/kWh6.94 c/kWh

Michigan Rates

I&MState Avg.National Avg.
Residential13.00 c/kWh15.43 c/kWh12.86 c/kWh
Commercial10.92 c/kWh11.15 c/kWh10.68 c/kWh
Industrial7.92 c/kWh7.12 c/kWh6.94 c/kWh