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For clarity, AES took over IPL in 2001, and kept the name IPL until this decade to pacify the public perception. The irony is that AES was never a power company with experience, just an investment firm that acquired power companies. Thus their need for more and more money instead of responsible management of providing power to the Indy area.
This move by the CCCouncil is valid and needed, even if no gains are made, but at least the CCC is making their concerns heard.
The AES team let the vegetation along the lines grow for years without any real mitigation efforts. Now they claim it’s global warming or climate change and more money is needed to provide more tree and vegetation removals.
Seems to me, negligence and irresponsibility is their largest failure, and that fix should
Come from their earnings and not increased rates by the customers.
AES wasn’t a utility but was/is a developer of generation projects across the world. At one point, their business model was considered the best and other companies were modeled after it.
The rate request before the IURC is a legal case. If the ICC wants to get involved, then hire an attorney, consultants and submit testimony. Anyone can say “I don’t like it” but that doesn’t provide justification (legal means) for the IURC to not side with AES.
How much money has AES drained from IP&L customers since 2001 when then CEO Mitch Daniels sold IP&L to AES ? IP&L had a preventive maintenance action stance which AES changed to fix when it breaks attitude .