Indianapolis Power & Light

IPL begins construction on $600M power plantRestricted Content

September 6, 2014
IPL says the plant, adjacent to the Eagle Valley Generating Station, will generate 671 megawatts of electricity more efficiently and with fewer emissions than the retiring coal-fired plant.
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Advocate brokers lower IPL rate hike for car-sharing service

August 21, 2014
Kathleen McLaughlin
Indianapolis Power & Light Co. customers would see less of a rate hike for an electric car-sharing program under a settlement agreement negotiated by the Indiana Office of Utility Consumer Counselor.
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IPL moves to drop coal from Harding Street power plant

August 15, 2014
 Associated Press and IBJ Staff
Indianapolis' electricity utility plans to convert its aging Harding Street power plant entirely to natural gas by 2016, after facing growing pressure to do so from environmental groups and politicians.
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Groups want Indianapolis utility to test water

August 11, 2014
Associated Press
Environmental, health and neighborhood groups are calling on the Marion County Health Department to compel Indianapolis Power & Light to test groundwater at eight coal ash lagoons on the city's south side.
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Sierra Club wants Indianapolis coal plant closed

July 23, 2014
Associated Press
The Sierra Club is pressing Indianapolis' local utility to retire an aging coal-fired power plant that's slated to continue burning coal for at least two more decades.
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Plant shutdown date sparks fight between IPL, grid operator

July 3, 2014
Dan Human
Indianapolis Power & Light Co. says it might have to pay as much as $22 million in extra costs because of contract issues with the Midwest Independent System Operator.
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State agency fights utility rates for electric cars

June 20, 2014
Associated Press
Indianapolis Power & Light Co. has requested a rate increase to help pay for its part in setting up charging stations for electric cars that drivers could rent as part of the BlueIndy program, a partnership between the city and the France-based Bollore Group.
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IPL gets green light for Harding Street, Martinsville projects

May 14, 2014
 IBJ Staff
State utility regulators on Wednesday gave Indianapolis Power & Light Co. the go-ahead to begin work on two high-profile power projects at a cost well over $600 million.
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IPL wants rate hike to fund car-sharing charging stations

April 19, 2014
Kathleen McLaughlin
Mayor Greg Ballard’s hope of making Indianapolis the first U.S. city with an all-electric car- sharing service hinges on a rate hike to cover $16 million in costs to Indianapolis Power and Light.
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Fewer than 5,000 utility customers still without power

January 8, 2014
 IBJ Staff and Associated Press
The combined outages were down from more than 40,000 power outages Monday after temperatures plunged into the negative teens.
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Thousands still without power amid bitter cold

January 6, 2014
 IBJ Staff
Indianapolis-area power companies called in hundreds of out-of-town workers, many from out of state, to repair downed lines amid Monday’s record-setting cold. About 20,000 customers still lacked power late Monday.
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More than 40,000 power outages around Indiana

January 6, 2014
Associated Press
The largest number of outages was in Indianapolis, where nearly 27,000 homes and businesses were reported without electricity Monday morning by Indianapolis Power & Light.
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Dominion puts area solar-power projects into service

December 16, 2013
Associated Press
Dominion Resources Inc. said Monday that the three projects near Indianapolis are capable of providing enough electricity for up to 7,200 homes. Dominion acquired the projects in July from Sunrise Energy Ventures.
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Indiana in natural gas dilemmaRestricted Content

November 16, 2013
Dan Human
'Fracking' has made natural gas cheap and abundant, but prices could rise with demand, costing consumers.
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State approves $511M in IPL upgrades

August 14, 2013
Dan Human
Indianapolis Power and Light Co. plans to revamp coal plants in Indianapolis and Petersburg to comply with federal rules. State regulators gave the go-ahead on Wednesday, setting the stage for a potential rate hike.
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IPL credits $1B in Indiana investments with nabbing new U.S. hub

June 14, 2013
Dan Human
The state's corporate-friendly environmental policies aside, Indianapolis Power and Light Co.’s parent chose the city as its new center for U.S. operations largely because of the utility's billion-dollar upgrades.
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AES Corp. to locate U.S. operations HQ in Indianapolis

June 14, 2013
 IBJ Staff
AES Corp., the multinational parent of Indianapolis Power & Light Co., says the move will cost $1.2 million and create up to 100 jobs by the end of 2014.
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IPL parent eyes Indy for corporate services hub

June 13, 2013
Kathleen McLaughlin
AES Corp., based in Arlington, Va., has been considering Indianapolis as the hub for a new shared-services center, and is planning a major economic development announcement in the city on Friday.
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Sierra Club puts Harding coal plant in crosshairs

June 1, 2013
The Sierra Club wants the Indiana Utility Regulatory Commission to block an IPL plan to spend $511 million on pollution controls at its 39-year-old Harding Street plant, plus a four-unit station in the southwestern Indiana town of Petersburg.
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IPL's $631M power plant to start construction in 2014

May 1, 2013
Mason King
Plans for the plant, officially announced Wednesday, call for an environmentally friendly facility outside of Martinsville that could produce 650 megawatts of power. Construction could employ 660 workers.
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Developer plans solar farms on 286 acres in southern Marion County

April 2, 2013
Dan Human
A Minnesota firm with a 15-year contract with IPL wants to install solar panels and power stations on two different sites as part of a $50 million-plus project.
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IPL boosts renewables portfolio with more solarRestricted Content

March 9, 2013
Farm planned for northeast of Indianapolis Motor Speedway will add to sun/wind capabilities.
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United Way sees promise in new CEO's connections

February 28, 2013
Dan Human
Ann Murtlow has no experience running a not-for-profit, yet she is charging into the top job at one of the city’s largest charitable groups. The people who hired the former Indianapolis Power & Light Co. CEO say her connections to the Indianapolis business community are a big plus in her new role at United Way of Central Indiana.
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IPL assessed $214,200 penalty in plant explosion

February 11, 2013
Chris O'Malley
The Indiana Department of Labor alleges lack of proper safeguards in an August blast that injured two workers at IPL's Harding Street generating station on the southwest side.
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Indy utility plans $511 million in power plant upgrades

January 22, 2013
Associated Press
Indianapolis Power & Light said ratepayers could expect a 2-percent to 3-percent annual increase for a "number of years," but said he did not know how long the increases would be in effect.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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