The parent company of utility AES Indiana has parted ways with its top U.S. utility executive in what the company is calling a mutual separation.
AES Indiana electricity customers could see 19% price hikes this fall
AES Indiana, formerly known as Indianapolis Power & Light Co., is asking state regulators for permission to increase prices under a mechanism that allows it to adjust prices based on fluctuations in the cost of fuel.Read More
AES Indiana’s Martinsville plant back online after nearly a year of repairs
The power plant is one of three generating stations that provides electricity to about 500,000 AES Indiana customers in central Indiana. The utility said it has made a wide series of repairs since the plant conked out nearly a year ago.Read More
AES Indiana to shut down coal-fired units by 2025, parent says
The parent of electric utility AES Indiana announced Friday morning it plans to give up coal as a fuel source, a move likely to lead to the early shutdown of coal-fired units at its massive Petersburg Generating Station.Read More
AES Indiana power plant breaks down again; repair date unknown
The Eagle Valley power plant in Martinsville is one of three generating stations that provides electricity for about 500,000 AES Indiana customers in central Indiana.Read More
Five years after Indianapolis’ 25-year streetlight moratorium ended, a city collaboration with AES Indiana has resulted in nearly all existing lighting being replaced with LED bulbs and 1,600 new streetlights being installed, the city announced Monday.
The Indiana Utility Regulatory Commission on Wednesday unanimously approved the project, which will include 581,594 solar panels and generate 195 megawatts of electricity, making it one of the largest solar farms in the state.
The utility wants permission to pass along the cost of those incentives to all of its 500,000 customers in the state in the form of higher rates in coming years, whether or not they drive an electric vehicle.
Kristina Lund takes over as the utility is embarking on an ambitious plan to upgrade its grid, with $1.2 billion in investments designed to prevent outages and other service interruptions.
The Indianapolis-based utility said it also will spend $5 million to mitigate what critics say has been harm to the environment caused by the plant’s excess emissions over the years.
The service started by the parent company of Indianapolis Power & Light offers monthly subscriptions that cover use of a car, plus all insurance and maintenance costs.
IPL said a typical household customer would likely pay an extra $1.50 a month in the first year. That monthly amount would increase by $1.50 each year, or by a total of $10.50 a month by the seventh year.
Stakeholders tell IBJ they’d like to see the electric-car-sharing service’s infrastructure continue to be used in some fashion.
This week, the Indianapolis City-County Council passed a special resolution that calls on Indianapolis Power & Light to shut down its largest generating station 14 years sooner than currently planned.
The Petersburg Generating Station, about 120 miles southwest of Indianapolis, has been called a “super polluter” by environmental groups, with violations for excess sulfur dioxide, nitrous oxide particulate matter and sulfuric mist.
The monthly rate increases, if granted by state regulators, would likely be about $1.50 for the typical household customer in the first year. That monthly amount would increase by an additional $1.50 each year, or by about $10.50 over the seven years.
Vincent Parisi will become the fourth leader of IPL since 2015, managing a utility that serves about 500,000 customers in central Indiana.
Rafael Sanchez, who left his job as president and CEO of Indianapolis Power & Light Co. this year as part of a corporate restructuring, has been hired by another of Indiana’s corporate heavyweights.
Indianapolis Power & Light has agreed not to raise the fixed monthly rate it charges most of its residential customers, under a rate-case settlement it reached with the Indiana Office of Utility Consumer Counselor and other stakeholders.