AES Corp. to locate U.S. operations HQ in Indianapolis

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AES Corp., the multinational parent of Indianapolis Power & Light Co., plans to locate the headquarters of its U.S. operations in Indianapolis, creating up to 100 jobs by the end of 2014.

The 21 AES businesses across the country will transition to operate as one business unit, housed at IPL's existing headquarters on Monument Circle, company officials announced Friday morning. The company expects to invest $1.2 million to align its U.S. operations here.

IBJ reported Thursday that the company was considering Indianapolis for a corporate services hub.

"This decision demonstrates AES' commitment to Indiana," said Ken Zagzebski, CEO of IPL and the newly appointed president of AES' U.S. business unit. "AES decided to expand here primarily due to the excellent business and regulatory climate we have in the state."

AES, a Fortune 200 company, has 25,000 employees globally, including 3,600 in the United States.

The move comes as IPL plans more than $1 billion in projects to bring its coal-fired power plants into compliance with environmental regulations. It is expecting heavier scrutiny on customer rates as it plans a “fundamental shift” in regulatory strategy.

The Indiana Economic Development Corp. offered AES up to $2.7 million in conditional tax credits and up to $87,500 in training grants, based on the company's job-creation plans.

"We are proud that a global company like AES has chosen Indiana as its hub for all U.S. operations," said Gov. Mike Pence, who attended the announcement.

AES is looking to cut costs throughout the corporation, and it makes sense that it would choose Indianapolis as a hub, Charles Fishman, an AES analyst for Morningstar, told IBJ on Thursday. IPL is bigger and more profitable than Dayton Power & Light, AES's other U.S. utility, and AES is planning to invest more than $1 billion in its Indiana power plants.

"Indianapolis Power and Light has a reputation as being a very well-run utility," Fishman said.

Founded in 1981, AES provides energy to 23 countries through distribution and generation businesses. The company has 2,400 megawatts in power plants under development in eight countries.


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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

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  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

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