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Chris Rettig,
Senior Vice President and CFO
About
Learn about Indiana Municipal Power Agency Investor Relations, including Featured News, IMPA's Power Supply System, IMPA Senior Management, and Member Communities Map.
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- Annual Revenues
- $500 million
- Bond Ratings
- A1/A+/A+
- Total Assets
- $2 billion
About IMPA
The Indiana Municipal Power Agency (IMPA) is a wholesale electric power provider serving the needs of 61 cities and towns in Indiana and Ohio.
IMPA was formed so its member utilities could share power resources, allowing cities and towns to provide electricity more economically to their customers. The Agency began operations as a “joint action agency” in 1983 with 26 members. As individual utilities, IMPA members had limited access to power supply options. By purchasing power from IMPA, instead of purchasing or generating it themselves, IMPA members found they could have a more reliable power supply, save money and keep electric costs as low as possible.
IMPA is governed by its members. Member utilities purchase their total power requirements from IMPA and deliver that power to the residents and companies in their service territories. Altogether, IMPA members deliver electric service to over 330,000 individuals throughout Indiana and Ohio.
IMPA’s diverse power portfolio consists of primarily the Agency’s own generating capacity and some purchased power. IMPA’s active management of power costs and service quality has made it into one of the country's most competitive power providers.
Featured News
December 31, 2022
News
IMPA Wire, November - December 2022
The IMPA Wire is produced on a bi-monthly basis to provide information about IMPA, the utility industry, and public power in Indiana. Read the November - December 2022 edition below.
October 31, 2022
News
IMPA Wire, October 2022
The IMPA Wire is produced on a bi-monthly basis to provide information about IMPA, the utility industry, and public power in Indiana. Read the October 2022 edition below.
October 4, 2022
Press Release
Indiana Municipal Power Agency Announces Retirement of Chief Operating Officer Frank Smardo
CARMEL, IN – Frank Smardo, Executive Vice President and Chief Operating Officer (COO) of the Indiana Municipal Power Agency, has announced his retirement from the Agency. Smardo stepped into the role of COO earlier this year, and has been part of the Agency for over two decades holding numerous roles.
With the announcement, Mr. Smardo closes out an over 20 year career in the utility industry. He joined IMPA in 2001 as a Planning Engineer, playing a key role in preparing IMPA and its members for operating within the energy markets and working with regional transmission system operators. He also served as Executive Vice President of Energy Solutions for the Agency and previously held the role of Senior Vice President of Engineering. Throughout his tenure with the Agency, Mr. Smardo has overseen IMPA’s generation assets, compliance, resource planning, rates, billing, and market operations.
“I am sincerely grateful for my time with IMPA and the opportunities I have experienced during my tenure with the Agency,” commented Smardo. “While I will miss the IMPA staff and the personnel in member communities with whom I have been so fortunate to work, I am confident in the work being done by this organization to ensure reliable and affordable electricity for the Agency’s member communities. I am excited to begin retirement life, and will be cheering on IMPA and its member communities from the sidelines.”
“Frank’s character, experience, energy, and analytical approach have been great assets to IMPA,” commented President and CEO Jack Alvey. “His leadership and guidance will leave a lasting impression on our staff and member communities. We wish him the best in his retirement.”
IMPA's Power Supply System
IMPA Senior Management
Jack Alvey
President and CEO
Joe Schmidt
Senior Vice President and ISC General Manager
Peter Prettyman
Senior Vice President and General Counsel