Two area power co-ops land federal loans to make upgrades
Two rural electric cooperatives that provide power to customers in the Indianapolis area are set to receive federal loans to improve their systems.
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Indiana utility faces criminal probe in natural gas explosions
Federal prosecutors are conducting a criminal investigation into the natural gas explosions and fires that rocked three communities near Boston in September, killing one person and injuring 25 others.
Former IPL chief executive lands job at state’s largest bank
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.
British company drops plans for Indiana wind farm
Renewable Energy Systems on Tuesday dropped its proposal for the Harvest Wind Energy project, which called for 150 to 225 wind turbines.
NIPSCO making plans to retire its coal-fired power plants
Northern Indiana Public Service Co. says it's considering retiring four of its five remaining coal-fired electricity-generating units within five years and the other within a decade.
Indiana city won’t restart coal plant despite relaxed rules
Logansport Municipal Utilities shut down its plant in early 2016 after deciding it couldn't afford updates needed to meet rules established under former President Barack Obama.
State regulators approve Duke Energy rate reduction
The amount of savings under the agreement approved by the Indiana Utility Regulatory Commission will vary by customer. Duke Energy credits the federal tax overhaul for the rate reduction.
Amazon generates huge electric bills—but gets others to pay them
Amazon stands out for its success in offloading its power costs and also because it dominates America’s cloud business, which has gone from nonexistent to using 2 percent of U.S. electricity in about a decade.
Consumer group says Indiana power plant has failed customers
Citizens Action Coalition of Indiana says Duke Energy’s controversial Edwardsport plant has suffered repeated outages and failed to live up to its promises, costing ratepayers more than $1 billion in unneeded fees.
IPL reaches settlement that significantly shaves proposed rate hike
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.
Duke Energy, consumer groups reach agreement to cut electric bills
If approved by Indiana utility regulators, the agreement would cut the monthly electrical bill of a typical household by an average of 5.6 percent.
IBJ Media moving to Monument Circle
The publisher of Indianapolis Business Journal and its sister newspapers plans to relocate in March to the Indianapolis Power & Light Co. headquarters building in the southeast quadrant of the Circle.
Indiana consumer agency recommends state reject IPL rate increase
In a sharp rebuke, the Indiana Office of Utility Consumer Counselor said IPL’s $96.7 million rate increase is unjustified. It is recommending a much smaller increase.
Indy Council members mounting opposition to IPL’s proposed rate hike
Democrat Jared Evans said the council members are hoping to “raise awareness” about the issue and persuade state regulators to drastically reduce the amount IPL raises its rates, “if they don’t decline this altogether.”
Hogsett, IPL switch first streetlight to LED technology
About 27,000 city-funded streetlights will be updated with the more energy-efficient, light-emitting diodes through spring 2021.
IPL cuts 100 jobs in Indiana, gets new president and CEO under corporate restructuring
The shakeup means that Rafael Sanchez, who has led the Indianapolis operations since June 2016, is out and will be replaced by a company official who will lead both Indiana and Ohio operations.
Under-the-radar IEA Energy becomes big player in wind-farm construction
The Indianapolis-based company, which began with a single dump truck 71 years ago, is about to go public in a merger worth up to $345 million.
Weather keeps Circle lights up longer than usual
Volunteers from the International Brotherhood of Electrical Workers have twice planned to do the work but cold, snow and ice have caused delays.
IPL seeking rate hike that would add $14 to typical monthly bill
If state regulators approve the request from Indianapolis Power & Light Co., customers would see their rates rise by the end of 2018.
Mild weather hurts IPALCO’s results
IPALCO posted a profit of $33.2 million on revenue of $355.3 million in the latest quarter. That compared to profit of $47.3 million on $361.3 million in revenue in the same quarter a year earlier.