How Indiana Michigan Power compares with the utilities next door
| Utility | 2024 ¢/kWh | Customers | Δ vs Indiana Michigan Power, ¢/kWh | $/yr difference |
|---|---|---|---|---|
| City of Auburn | 8.52 | 6,813 | -7.79 | -$841 |
| City of Mishawaka | 10.32 | 25,071 | -5.98 | -$646 |
| City of Bluffton | 10.38 | 5,007 | -5.92 | -$640 |
| City of Frankfort | 12.04 | 7,820 | -4.27 | -$461 |
| Duke Energy Indiana, LLC | 12.75 | 796,265 | -3.56 | -$384 |
| City of Anderson | 12.82 | 29,533 | -3.49 | -$377 |
| Kosciusko County Rural E M C | 13.27 | 17,435 | -3.04 | -$328 |
| Noble County R E M C | 13.54 | 10,986 | -2.77 | -$299 |
| City of Peru | 13.74 | 9,062 | -2.56 | -$277 |
| AES Indiana | 13.75 | 469,499 | -2.56 | -$276 |
| Heartland REMC | 14.72 | 18,013 | -1.59 | -$172 |
| Indiana Michigan Power Co (this page) | 16.31 | 422,062 | — | — |
19 bundled utilities (≥5,000 customers) share at least one county with Indiana Michigan Power. Showing the 11 cheapest. Positive $/yr = that utility's customers pay more than Indiana Michigan Power customers at the same usage. Territories are fixed by address — these gaps measure cost differences between areas, not options you can pick between.
Where Indiana Michigan Power customers pay more (county benchmark)
| County | Cheapest utility in county | Their ¢/kWh | Indiana Michigan Power premium, $/yr |
|---|---|---|---|
| Blackford | City of Auburn | 8.52 | +$841 |
| DeKalb | City of Auburn | 8.52 | +$841 |
| Jay | City of Auburn | 8.52 | +$841 |
| St Joseph | City of Mishawaka | 10.32 | +$646 |
| Wells | City of Bluffton | 10.38 | +$640 |
| Hamilton | City of Frankfort | 12.04 | +$461 |
| Tipton | City of Frankfort | 12.04 | +$461 |
| Delaware | Duke Energy Indiana, LLC | 12.75 | +$384 |
Multiple utilities in one county means adjoining territories, not household choice — you cannot switch wires companies. Showing the 8 highest-premium counties of 25 served.
Rate trend and size
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Average price, ¢/kWh | 16.09 | 16.31 | +1.4% |
| Residential customers | 418,915 | 422,062 | +0.8% |
Ownership: Investor Owned. Statewide context: Indiana electricity rates.
Supply vs delivery on a Indiana Michigan Power bill
Indiana is a regulated retail market — Indiana Michigan Power customers cannot choose a different supplier; rates are set in utility-commission proceedings. Official information: in.gov/iurc.
Counties served (IN, EIA-861 2024)
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
Head-to-head comparisons
- Duke Energy Indiana, LLC vs Indiana Michigan Power Co
- AES Indiana vs Indiana Michigan Power Co
- Northern Indiana Pub Serv Co vs Indiana Michigan Power Co
Questions people ask
- Is Indiana Michigan Power Co more expensive than other Indiana utilities?
- Indiana Michigan Power Co customers paid an average 16.31 cents/kWh in 2024 — 10% above the Indiana volume-weighted average of 14.78 cents (EIA-861, bundled residential service).
- Can I switch away from Indiana Michigan Power Co?
- No — distribution territory is fixed by address and Indiana has no residential supplier shopping. Rate changes go through the state utility commission (in.gov/iurc).
- How many customers does Indiana Michigan Power Co have?
- 422,062 residential customers in Indiana in 2024 across 25 counties, per its EIA-861 federal filing. Ownership type: investor-owned.