Spencer County Awards Financial Services Contract to Indiana Michigan Power Company (July 2026)
Spencer CountyCounty · IN- Disclosed value
- The total EPB obligation is the greater of $144 million or 4% of the project construction cost
- From minutes
- Approved
- Jul 21, 2026
- Term
- At least the 10-year abatement period
The 30-second brief
Spencer County approved an economic development agreement with Indiana Michigan Power Company for a 1500-megawatt natural gas facility, tying EPB payments to at least $144 million or 4% of construction costs. The deal includes a 10-year 100% abatement with all abatement-related payments remaining in the county.
Indiana Michigan Power Company holds this financial services contract with Spencer County. Its other public contracts on record include work for Fort Wayne Public Transportation Retirement Plan and Allen County.
Term as filed: At least the 10-year abatement period.
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Contract details
- Contract type
- Financial Services
- Amount
- The total EPB obligation is the greater of $144 million or 4% of the project construction cost
- Document date
- July 21, 2026
- Term
- At least the 10-year abatement period
- Agency
- Spencer County
- Source document
- Spencer County Commissioners Minutes 2026-07-21 (Minutes)
Indiana Michigan Power Company's other public contracts
More Spencer County contracts
Questions about this contract
Who was awarded the financial services contract by Spencer County?
Indiana Michigan Power Company was awarded this financial services contract by Spencer County, as recorded on July 21, 2026. The contract value is The total EPB obligation is the greater of $144 million or 4% of the project construction cost.
How much is the Indiana Michigan Power Company contract with Spencer County worth?
The Indiana Michigan Power Company contract with Spencer County is valued at The total EPB obligation is the greater of $144 million or 4% of the project construction cost, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Spencer County Commissioners Minutes 2026-07-21 (Minutes), dated July 21, 2026 from Spencer County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Indiana Michigan Power Company hold?
Indiana Michigan Power Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Spencer County currently buying?
Explore Spencer County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.