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AES should be abolished. Seedy company. Constantly trying to nickel and dime their customers for their own mismanagement.
Citizens would be the logical local acquirer of the old IPL business. It would bring all major Indianapolis utilities under long term , not for profit, local ownership
This was exactly what I was thinking. As Citizens was created by the city back in the days when old robber barons ruled the lands, it totally makes sense for the utility to step up and take over the old IPL.
However, given how corrupt the statehouse is— and every one of the people in “leadership” is owned to a large degree — that which would benefit “we the people” would be promptly ignored in lieu of more untraceable reelection donations.
Considering AES’s value is about 8 times Indy’s entire 2026 budget of 1.7 Billion$ …..don’t think so.
When I saw this ‘speculative’ question brought up in another publication, I couldn’t help laughing.
What’s that have to do with anything? Bonds exist.
When I worked for AES Indiana (they were IPL then), because of the favorable regulatory environment, IPL was considered “the cash cow” of AES. Cash flow from Indianapolis rate payers helped finance acquisitions all over the globe. AES Indiana is most likely the most valuable chunk of the AES corporation and would never be split from the whole.
“Investor owned utilities” always bill rate payers for the cost of their investments then take the return on those rate payers paid investment for them selves ..
The City/State somehow finds $750 million to build LOS and $360 million to update the Fieldhouse, but no one can figure this out? That’s BS! Even though the Republican-controlled legislature has passed numerous pieces of legislation that favors utilities, laws can be changed.