BCLP advises Indiana Michigan Power in its acquisition of the Sycamore Riverside Energy Center

International law firm BCLP advised Indiana Michigan Power (I&M) in connection with its acquisition of the Sycamore Riverside Energy Center, a planned 918 megawatt (MW) natural gas combustion turbine generation facility to be built in Sullivan County, Indiana.  If the project is approved, I&M would assume ownership once construction and commissioning are complete. 

BCLP Partner Fraser Wayne said, “We are very pleased to have advised I&M on such an important transaction in the advancement of their commitment to providing reliable and affordable energy to customers across Indiana, particularly at a time when power demand in Indiana is expected to rise exponentially over the next five years.”

I&M is headquartered in Fort Wayne, and its approximately 2,000 employees serve more than 600,000 customers. More than 85% of its energy delivered in 2024 was emission-free. I&M has at its availability various sources of generation including 2,278 MW of nuclear generation in Michigan, 450 MW of purchased wind generation from Indiana, more than 22 MW of hydro generation in both states and approximately 35 MW of large-scale solar generation in both states. The company’s generation portfolio also includes 1,497 MW of coal-fueled generation.

The transaction involved a multidisciplinary team led by Fraser Wayne (Partner, Energy and Infrastructure, Denver).