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

I&M offers incentives for both new and growing customers. For those businesses requiring new or upgraded service to its property to serve higher demands, I&M may be able to assist in cost of extending services through revenue credits. Additionally, the Economic Development Rider is a billing demand credit for new or existing customers adding at least 500 kW to their peak demand and 10 new jobs to the local community.

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.
Residential12.13 c/kWh12.05 c/kWh13.24 c/kWh
Commercial9.32 c/kWh10.66 c/kWh10.79 c/kWh
Industrial6.70 c/kWh7.39 c/kWh7.04 c/kWh

Michigan Rates

I&MState Avg.National Avg.
Residential11.93 c/kWh15.51 c/kWh13.24 c/kWh
Commercial10.68 c/kWh11.27 c/kWh10.79 c/kWh
Industrial8.95 c/kWh7.43 c/kWh7.04 c/kWh