$500 million Indiana electricity plan unveiled
It is something that we have all been through — trying to figure out what to do during a power outage. If we are at home, a few candles and a book can help pass the time. If you are a business, however, every minute without power can be a lost sale or missed conversation. This is why strong power is critical.
According to a recent press release from Indiana Michigan Power (I&M), an operating unit from American Electric Power, the company has initiated a plan called "Powering Up Northeast Indiana" which will invest $500 million into the state's electricity transmission infrastructure.
The plan includes multiple projects. The goal is to not only improve the process of the current customers, but also help boost the economy. This will be done through the use of reliable power at a comparatively low cost, starting in critical business location and areas of expansion.
"This investment demonstrates the long-term commitment I&M and AEP have to northeast Indiana," Paul Chodak, I&M President and Chief Operating Officer, said in the release. "Upgrading our transmission system is essential to ensure that we will continue to provide reliable power to households, businesses and industries in our area – not just tomorrow but far into the future."
The project will see the rebuilding and improving of power lines, installation of new transmission lines, building and improving substations and updating equipment. This will take place in and around Fort Wayne.
With the power on and reliable, companies can take steps toward implementing more advanced services like business management software and streamline their operations.