It is operated by Northern Indiana Public Service Company (NIPSCO), owned by NiSource.

[1][2] NIPSCO announced plans in 2018 to continue to operate the Michigan City Generating Station in the short term but to allow it to run down, pending final shutdown in approximately 2028.

The demolition of the station would free up approximately 1 mile of Lake Michigan lakefront space.

[3] The use of a hyperboloid cooling tower at the station has been mistaken as evidence for a nuclear power plant at this location when in fact there are no nuclear power plants in the state of Indiana.

A nuclear power plant was proposed for the Bailly Generating Station approximately 17 km to the south-southwest but was canceled in 1981.