FORT WAYNE, Ind., August 2, 2013 – Indiana Michigan Power (I&M), an operating unit of American Electric Power, is enhancing its commercial & industrial incentives energy efficiency program to offer increased cash incentives. 

The program was launched in 2010 to help I&M business customers in Indiana control energy costs by using less energy.  Eligible customers can temporarily earn increased incentives if they make efficiency upgrades for electric technologies, including energy-efficient lighting, drives, controls, heating, ventilation, air conditioning and more. 

Changes to incentives:

• Lighting incentive increased to $0.06 per kWh of energy saving
• Non-lighting incentive remains $0.05 per kWh of energy saving
• Incentive cap for all project types, including HVAC, refrigeration and process improvements raised from $20,000 to $100,000
• Incentive payment tiers are removed
• No minimum threshold for energy savings projects

Customer eligibility:

Customers on a non-residential rate in I & M’s Indiana Service Territory with a peak demand above 10 kW are eligible to participate.

“We realize that this is a critical time for our business customers,” said Bob Bournique, Principal Energy Efficiency & Consumer Programs Coordinator. “By offering these increased incentives not only are we are doing our part to help the transition to energy efficient technology, but we also are helping to strengthen the competitiveness of our business customers.”

To receive the limited-time increased incentive rates, submit final applications within 90 days of project completion or by November 15, 2013, whichever comes first.

For more information about incentive details and how the application process works, please visit the program website at www.indianamichiganpower.com/save or contact our program office at (855) 878-6206.

Indiana Michigan Power (I&M) is headquartered in Fort Wayne, and its 2,500 employees serve more than 582,000 customers. It operates 3,595 MW of coal-fired generation in Indiana, 2,110 MW of nuclear generation in Michigan and 22 MW of hydro generation in both states.  The company also provides its customers 250 MW of purchased wind generation.

I&M is a unit of American Electric Power (NYSE: AEP), one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 39,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP’s headquarters are in Columbus, Ohio.