Electric-vehicle subscription service launched in Indianapolis market
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.
Indianapolis Power & Light
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IPL gets OK to spend $1.2B on grid upgrade, setting stage for seven years of rate increases
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.
Can BlueIndy flop become transit opportunity for city?
Stakeholders tell IBJ they’d like to see the electric-car-sharing service’s infrastructure continue to be used in some fashion.
City-County Council calls for IPL to retire Petersburg coal plant by 2028
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.
IPL to retire two of its four remaining coal-fired power units by 2023
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.
IPL’s rates for power jumped 57% over decade
That’s a steeper increase than any other electrical utility in the state except Indiana Michigan Power and Auburn Municipal, according to the Indiana Utility Regulatory Commission.
IPL seeks to raise rates over next seven years to cover $1.2B in new equipment
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.
Indianapolis Power & Light names Ohio utility exec as CEO
Vincent Parisi will become the fourth leader of IPL since 2015, managing a utility that serves about 500,000 customers in central Indiana.
Indianapolis Power & Light searching for new CEO
Craig Jackson, who took over executive leadership of Indianapolis Power & Light in February as part of a corporate restructuring by parent AES Corp., plans to resign at the end of the month.
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.
Watchdog turns heads by standing up to utilities
Indiana Utility Consumer Counselor Bill Fine is tasked with making sure Hoosier households and business aren’t overcharged for electricity, natural gas, water or wastewater.
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.
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.
Regulators consider IPL request to collect $96.7M more annually from customers
The utility is asking state regulators for permission to increase the “fixed charge” on its 490,000 customers from $17 to $27 a month, and increase energy-usage charges also.
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.
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.