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No EV for me.
AES stock value is down right now. Guess they need to improve their value for their stock holders at the rate payers expense.
Cut back and conserve on your utility usage as much as you can . Then the utility raises their rates to restore their cash flow to offset your attempt to save money on your utility usage.
PLEASE STOP RAISING RATES!!! Our bills doubled this winter and 13% is insanity to expect people whose pockets are already hurting because of inflation to continue to cover. Time to drop rates and help the common person out!
Indiana had the lowest utility rates for decades – until it was sold to AES. That is the issue – AES charges more in every other state and they are trying to get Indiana up to what they are getting from consumers in Illinois (for ex).
Think of the things AES sponsors (Indy 500 parade, and even a race car in the 500 for crying out loud). Where do you think they get the money for their Corporate self-promotion?
I worked for AES/IPL. AES Indiana has always been the cash cow of the whole company. At one point IPL was sending nearly $1,000,000 a day in profits to the corporate headquarters. With the acquisition of another integrated utility in the US, it’s harder to pick out the cash flow numbers for just AES Indiana, but I’m pretty sure central Indiana rate payers are getting the short end of the stick.
Mitch Daniels was CEO of IP&L then he got rich by selling it to AES and left the IP&L employee pension fund invested in IP&L stock in shambles when AES stock crashed after the buyout.
Mitch Daniels was never CEO of IPL. He was a board member.
Well………. IURC, there you have it, citizens of Marion County weighing in. Will you roll over again, this time in favor of AES, and stick it to Marion County ratepayers? You do the same thing with Duke Energy. What a joke IURC is…..the R stands for Regulatory…….what have you regulated? How about that bang up job IURC did with Duke and its boon-doggle fiasco regarding their Edwardsport Coal Gasification plant that was full of cost overruns after overruns and much of those were passed onto Duke ratepayers. And then, Duke comes back to the table wanting more, ultimately IURC approving increases to the ratepayers to pay for cost overruns that Duke didn’t get the first time they went begging to IURC. Heaven forbid that the Duke Energy stockholders get stuck with reduced dividends. Power companies are all the same, MONOPOLIES that stick the ratepayers with their never-ending requests and to pay the freight when they screw up. Duke customers, don’t forget the Edwardsport, IN overspend fiasco. Anyone interested in reading more about getting shafted by a power company, Google search Vogtle Nuke Plant down in Georgia. It’s so far over budget, the owning power company has no choice but to finish the project (2 new nuke reactors in addition to the 2 that are operating at the Vogtle plant; hope the State has plenty of folks and companies moving to Georgia to contribute toward paying for that infrastructure).
Just say NO!