IPL seeks regulatory rate review to cover cost of meeting customer needs through balanced energy mix
December 21, 2017
INDIANAPOLIS, Ind.— Indianapolis Power & Light
Company (IPL), a subsidiary of The AES Corporation (NYSE: AES), filed its
regulatory rate review today with the Indiana Utility Regulatory Commission
(IURC) to cover the cost of replacing older, outdated coal plants with one of
the cleanest, most efficient natural gas plants ever to be built in Indiana. If
IPL’s request is approved by the IURC, new rates are expected to be effective
by the end of 2018.
“At IPL, we have a responsibility to find the balance between
cleaner energy solutions and affordability while maintaining reliability that
our customers expect,” said Rafael Sanchez, IPL President and CEO. “Our
investments in advanced technology have enabled us to significantly reduce our
dependence on coal and transition to a more balanced energy mix all while
maintaining one of the lowest rates among investor-owned utilities in Indiana.”
If approved, IPL’s request would result in the typical
residential customer, one using 1,000 kWh per month, seeing an increase of a
little less than $14 per month. Customers can plan for a potential impact on
their bills by utilizing our rate calculator on IPLpower.com/answers. The
proposed rate increase will vary among business customers depending on rate
class and usage.
Minimizing the impact on customers’ bills is a priority for
IPL, which is why we provide easy and convenient billing and payment options,
customers to pay about the same amount for 11 months and then settle the
difference on the 12th month.
Billing Date is
offered for IPL customers who want a due date that best matches their
paydays. This is especially useful for fixed income customers.
be requested online at IPLpower.com or by calling our automated system at
317.261.8222 and selecting option 2 from the main menu.
available by calling the Connect2Help line at 2-1-1.
IPL also offers energy-efficient programs, like IPL PowerView,
that provide easy ways to reduce energy and ultimately allows our customers to
be in control of their monthly bills. For more information on these resources
or to see how this proposed rate increase may affect you specifically, visit IPLpower.com/answers.
About Indianapolis Power & Light Company and
Power & Light Company (IPL), an AES Company, provides retail electric
service to more than 490,000 residential, commercial and industrial customers
in Indianapolis, as well as portions of other Central Indiana communities
surrounding Marion County. During its long history, IPL has supplied its
customers with some of the lowest-cost, most reliable power in the country. For
more information about the company, please visit www.IPLpower.com or connect with us at www.twitter.com/IPLpower, www.facebook.com/IPLpower or www.linkedin.com/company/IPLpower.
The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide
affordable, sustainable energy to 17 countries through our diverse portfolio of
distribution businesses as well as thermal and renewable generation facilities.
Our workforce of 19,000 people is committed to operational excellence and
meeting the world’s changing power needs. Our 2016 revenues were $14 billion
and we own and manage $36 billion in total assets. To learn more, please visit http://www.aes.com. Follow AES on Twitter @TheAESCorp.
Indianapolis Power & Light Company
Media Hotline: 317.261.5905