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Editor: Katerine G., Editor & Data Researcher · Research & publishing: Electric Consumer Editorial Team · Data retrieved · Sources named on this page: EIA-861, EIA retail sales · How we got these numbers · Report an error

Indiana Michigan Power Co: rates, outages and net metering

In Indiana, Indiana Michigan Power Co bills 482,283 accounts, 87.5% residential, as an investor owned utility. Its SAIDI went -39% over the filing history, from 160 minutes in 2015 to 98 in 2024.

Hyperboloid cooling tower at the Michigan City Generating Station, Indiana
Cooling Tower at Michigan City Generating Station - Coal and Natural Gas Fired Power Plant - Indiana. Photo by Tony Webster, CC BY 2.0, Wikimedia Commons. Illustrative, not a listed utility's plant.

Indiana Michigan Power Co: 827 kWh a month costs roughly $135 in energy at 16.31 ¢/kWh, +10.4% on the Indiana average of 14.77 ¢.

Its SAIDI went -39% over the filing history, from 160 minutes in 2015 to 98 in 2024.

Indiana Michigan Power Co: SAIDI 2015 to 2024

SAIDI since 2015
-39%160 to 98 minutes

Outage time is the clearest story here: 160 minutes in 2015, 98 in 2024 (-39%). The best year was 2023 at 95 and the worst 2019 at 189.

SAIFI adds the frequency view: 0.72 interruptions a customer a year, 0.72 times the national median (1.01), with 134 minutes per interruption.

How it compares

Indiana Michigan Power Co
Indiana Michigan Power Co, 2024HomeBusinessBillSAIDI
Indiana Michigan Power Co16.31 ¢/kWh11.90 ¢/kWh$135at 827 kWh98 minSAIDI
Indiana average against this company, which is 13 of 16 on priceLowest in this table-1.54 ¢/kWhcompany 10.4% above+0.54 ¢/kWhcompany 4.4% below-$13a month at 827 kWh+33 mincompany 33 below
Tipmont Rural Elec Member Corp16.07 ¢/kWhcompany 1.4% above13.27 ¢/kWhcompany 10.3% below$1332 less than company114 mincompany 17 below

Compare 43 Indiana companies

Indiana Michigan Power Co: 2025

Indiana Michigan Power Co: +5.2% on 2024 for homes, Indiana +9.9%.

Indiana Michigan Power Co home price, 2025
17.16 ¢/kWh+5.2% on 2024, early release
Indiana Michigan Power Co SAIDI, 2025
83 min-15% on 2024, early release
Indiana Michigan Power Co against Indiana, 2025
-4.6 pointsIndiana Michigan Power Co +5.2%, Indiana +9.9%, price in Indiana 16.23 ¢

Indiana Michigan Power Co: 17.16 ¢/kWh in the 2025 early release, +5.2% from 16.31 ¢; Indiana as a whole went +9.9%, so Indiana Michigan Power Co trailed it by 4.6 points. Its SAIDI is 83 minutes against 98 in 2024.

Carbon context

Indiana Michigan Power Co serves 422,062 homes in Indiana. At 827 kWh a month that is about 547 kg of CO₂, or 6,564 kg a year, at the Indiana plant rate, state generation and not this utility: Indiana generation mix.

Indiana Michigan Power Co charts

Residential price since 2015: 16.31 ¢ in 2024

10.95 ¢ in 2015, 16.31 ¢ in 2024 (+48.9%); Indiana 11.57 to 14.77 ¢.

Indiana Michigan Power Co residential price 2015-2024, 2015 to 2024: 10 rows
YearIndiana Michigan Power CoGap to Indiana residentialGap to U.S. residential
201510.95-0.62-1.70
201611.30-0.49-1.25
201711.65-0.64-1.24
201812.61+0.35-0.26
201913.70+1.12+0.69
202014.25+1.42+1.10
202114.68+1.31+1.02
202215.77+1.18+0.73
202316.09+1.15+0.09
202416.31+1.54-0.17

10 rows from EIA retail sales.

CSV

Indiana Michigan Power Co SAIDI, 2015-2024

160 min in 2015, 98 in 2024.

Indiana Michigan Power Co SAIDI by year, 2015 to 2024: 10 rows
YearIndiana Michigan Power, no major eventsIndiana Michigan Power, all events
2015160390
2016153255
2017166258
2018176263
2019189282
2020154300
2021148426
2022121389
202395155
202498157

10 rows from EIA-861 survey.

CSV

Reliability: SAIDI 97.5 min

97.5 min, 0.98x the median reporter, rank 328 of 673.

min

  • Company, no major events97.5
  • Company, with major events156.7

Indiana Michigan Power Co, Reliability: EIA-861 survey.

CSV

Analyst note

From 10.95 ¢ in 2015 to 16.31 ¢ in 2024, a move of +48.9%: Indiana Michigan Power Co outpaced its state (+27.7%) by 21.2 points, and +18.6 points against the U.S. Indiana Michigan Power Co's sharpest move came in 2019, +8.6%. The latest year is the high at 16.31 ¢; the low was 10.95 ¢ (2015). 2024: +1.4% here, -1.1% for the Indiana average. SAIDI at Indiana Michigan Power Co (major events excluded) fell from 160 minutes in 2015 to 98 in 2024, -39%; best year 2023 at 95. Indiana Michigan Power Co filed SAIDI under the national median in 2 of 10 years; its 2024 figure was 98 minutes, -2 from that year's median. 2021: 426 minutes with major events, 148 without, the widest gap of any year. Indiana Michigan Power Co has 12 cheaper and 3 higher-priced Indiana peers among 16 with 20,000+ homes. Next cheaper, Tipmont Rural Elec Member Corp, bills 16.07 ¢ (-0.23). Next higher-priced, Southern Indiana Gas & Elec Co, bills 17.52 ¢ (+1.21).

The rate is 10.4% above Indiana, while 98 outage minutes (0.98x the median) show no matching reliability edge.

Home accounts at Indiana Michigan Power Co went from 401,544 in 2015 to 422,062 in 2024, +5.1%. Business customers paid 0.73 times the home price in 2024 (11.90 against 16.31 ¢); the ratio was 0.77 in 2015. SAIFI went from 1.05 in 2015 to 0.72 in 2024, between 0.69 and 1.19.

Facts

Customer accounts
482,28314.0% of Indiana total
Residential accounts
422,06213.8% of Indiana homes
Commercial accounts
56,22911.7% of the base
Residential rate
16.31 ¢/kWhplace 13 of 16, +10.4% against the state
Commercial rate
11.90 ¢/kWhplace 10 of 29, -4.4% against the state
SAIDI, no major events
97.5 minbetter than 51% of reporters
SAIFI, no major events
0.720.72x the median
SAIDI with major events
156.7 min37.8% from event days
Net-metered capacity
42.0 MW1,928 installations
Counties served
25Indiana plus 1 more
Average residential use
9,930 kWh/yr827 a month
Implied monthly bill
$135-$1 on the U.S. rate, 827 kWh
Residential rate since 2015
+48.9%10.95 to 16.31 ¢/kWh
SAIDI trend
-39%160 min in 2015, 98 in 2024

Data tables

2024 by sector, Indiana Michigan Power Co

Indiana Michigan Power Co sectorAccountsRate ¢/kWhGap to Indiana ¢/kWh
Residential422,06216.31+1.54
Commercial56,22911.90-0.54

Year by year, Indiana Michigan Power Co

YearHome accounts, Indiana Michigan PowerHome ¢Business ¢RatioSAIDISAIFI
2015401,54410.958.450.771601.05
2016402,98711.308.750.771530.95
2017404,79811.658.920.771660.98
2018406,86512.619.630.761761.10
2019408,37013.7010.570.771891.19
2020411,74814.2510.930.771540.94
2021414,39614.6811.000.751480.86
2022416,61815.7711.870.751210.77
2023418,91516.0911.390.71950.69
2024422,06216.3111.900.73980.72

Peers of Indiana Michigan Power Co in Indiana, place 13 of 16 on home price

Utility near Indiana Michigan Power Co on priceSAIDI min, gap to Indiana Michigan Power CoHome ¢, gap to Indiana Michigan Power CoGap % to Indiana Michigan Power CoAccounts, Indiana Michigan Power Co = 1
10. Southeastern Indiana R E M C+151-1.08-6.7%0.06
11. Jackson County Rural E M C+81-0.98-6.0%0.05
12. Tipmont Rural Elec Member Corp+17-0.23-1.4%0.06
13. Indiana Michigan Power Co (this utility)9816.31-1.00
14. Southern Indiana Gas & Elec CoNo data+1.21+7.4%0.32
15. South Central Indiana REMC+210+1.42+8.7%0.07
16. Northern Indiana Pub Serv Co+72+2.78+17.1%1.02

Who buys Indiana Michigan Power Co's electricity

Class at Indiana Michigan Power CoAccountsOf Indiana Michigan Power Co accountsOf Indiana Michigan Power Co MWh soldkWh a year per Indiana Michigan Power Co account
Residential422,06287.5%27.9%9,930
Commercial56,22911.7%28.5%76,023
Industrial and other3,9920.83%43.6%1,636,313

Indiana Michigan Power Co among AEP group

Indiana Michigan Power Co and its neighbours on priceSAIDI min, gap to Indiana Michigan Power CoHome ¢, gap to Indiana Michigan Power CoAccounts, Indiana Michigan Power Co = 1
1. Public Service Co of Oklahoma (OK)+19-3.581.19
2. Kingsport Power Co (TN)+67-3.470.10
3. Southwestern Electric Power Co (LA)+223-2.850.49
4. Ohio Power Co (OH)+61-1.953.18
5. Kentucky Power Co (KY)+308-1.240.34
6. Indiana Michigan Power Co (IN, this utility)9816.311.00
7. Appalachian Power Co (VA)+245+0.711.14
8. Wheeling Power Co (WV)+564+1.100.09

Indiana Michigan Power Co: meters, rate options and solar

MeasureIndiana Michigan Power CoIndiana contextIndiana Michigan Power Co detail
Indiana Michigan Power Co home meters on AMI99.4%Indiana 80.5%421,760 of 424,263 meters
Home meters, AMR (drive-by read)2,465Indiana figure not published0.6% of meters
Homes with daily digital access420,643Indiana figure not published100% of the 422,062 home accounts
Time-of-use rate for Indiana Michigan Power Co homesOffered17 of 27 Indiana utilities offer one14,098 homes on dynamic pricing, 3.34% of 422,062
Net-metered installations1,92886% residential3.9 homes per 1,000 accounts, 21.8 kW average

Monthly energy cost by use, Indiana Michigan Power Co

kWhShare of a 827 kWh monthCost a month at 16.31 ¢vs U.S.Cost a year
25030%$40.77-$0.43$489
50060%$81.53-$0.87$978
75091%$122.30-$1.30$1,468
1,000121%$163.07-$1.73$1,957
1,500181%$244.60-$2.60$2,935
2,000242%$326.13-$3.47$3,914

Outage record, Indiana Michigan Power Co

Measure, Indiana Michigan PowNo eventsAll eventsConverted
SAIDI minutes97.5156.71.62 h
SAIFI interruptions0.7250.8391.38 yr apart
CAIDI minutes134.5186.82.24 h

Territory of Indiana Michigan Power Co

25 Indiana counties plus 1 other state, region RFC:

Counties served by Indiana Michigan Power CoJayBlackfordMarshallNobleWabashTiptonMadisonMiamiLaPorteAdamsDelawareElkhartSt. JosephHowardHuntingtonLaGrangeSteubenWhitleyRandolphGrantHenryAllenHamiltonWellsDeKalbKalamazooVan BurenAlleganCassBerrienSt. Joseph

Indiana other states: 31 of 31 counties of Indiana Michigan Power Co drawn

Indiana Michigan Power Co: 31 counties listed by EIA-861, Census 2023 outlines.

CSV
County list
  • Adams
  • Allen
  • Blackford
  • DeKalb
  • Delaware
  • Elkhart
  • Grant
  • Hamilton
  • Henry
  • Howard
  • Huntington
  • Jay
  • LaPorte
  • Lagrange
  • Madison
  • Marshall
  • Miami
  • Noble
  • Randolph
  • St Joseph
  • Steuben
  • Tipton
  • Wabash
  • Wells
  • Whitley

Questions on Indiana Michigan Power Co

How many customers does Indiana Michigan Power Co serve in Indiana?

482,283 accounts in 2024: residential 422,062, commercial 56,229, industrial 3,992.

What is the average residential rate of Indiana Michigan Power Co?

In 2024 homes paid 16.31 cents; against the Indiana average that is +10.4%.

How reliable is Indiana Michigan Power Co by SAIDI and SAIFI?

SAIDI 97.5 min and SAIFI 0.72 a year, major events excluded; ratio to the national median 0.98, CAIDI 134 min.

How much solar net metering is on the Indiana Michigan Power Co grid?

1,928 installations with 42.0 MW, of which residential installations number 1,652.

What is the monthly bill at Indiana Michigan Power Co for average use?

827 kWh at 16.31 cents comes to about $135, energy only.

How does Indiana Michigan Power Co rank on price within Indiana?

Rank 13 of 16 in Indiana on price, +10.4% against the state average; 12 charge less than 16.31 ¢.

What share of Indiana Michigan Power Co sales do homes buy?

Homes take 27.9% of 14,997,856 MWh, commercial accounts 28.5%, industrial and other 43.6%; the 56,229 commercial accounts use 76,023 kWh each, 7.7 times a home.

At Indiana Michigan Power Co, are smart meters in homes, with a TOU option?

421,760 of 424,263 home meters are AMI, 99.4%. Indiana Michigan Power Co offers a home time-of-use rate; 14,098 customers use dynamic pricing, 3.34% of its homes.

Has Indiana Michigan Power Co moved up the Indiana price list since 2015?

2nd cheapest of 16 in 2015, 13th of 16 in 2024; its price rose 48.9% while Indiana rose 27.7%.

How does Indiana Michigan Power Co compare with 7 similar utilities?

Place 6 of 8 on home price at 16.31 ¢ (AEP group); median 14.71 ¢, cheapest member 12.73 ¢.

Did Indiana Michigan Power Co cut or raise its 2025 home price?

17.16 cents per kWh, +5.2% on the 16.31 of 2024 (EIA early release for 2025).

Utilities with a similar home price

Home prices nearest to Indiana Michigan Power Co at 16.31 ¢/kWh in 2024, among companies with a page here, any state.

More on Indiana Michigan Power Co

Rate plans on file

8 home plan records, energy charges: 2.9 to 20.2 ¢/kWh.

Who offers time-of-use and tiered rates (17 Apr 2026 snapshot).

Primary sources for Indiana Michigan Power Co: rates, outages and net metering

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Indiana Michigan Power Co: 827 kWh a month costs roughly $135 in energy at 16.31 ¢/kWh, +10.4% on the Indiana average of 14.77 ¢.