Carmel electric power marketer to expand.

Alliance for Cooperative Energy Services announced today that it will add 25 jobs to the 113 employed at its Carmel headquarters and spend $4 million to update equipment.

Fifteen electric power cooperatives own the wholesale energy risk management and transaction executive firm, which was founded in 1999.

The state is giving ACES up to $188,000 in training grants, and Hamilton County granted a $45,000 property tax abatement.