Who is the electric company in Indianapolis?
Who is the electric company in Indianapolis?
There are two main companies that provide service to the Indianapolis area: AES Indiana (Formerly Indianapolis Power & Light), which covers Indianapolis and Marion County, and Duke Energy, which covers Hamilton County and surrounding areas.
What happened to Indianapolis Power and Light?
Indianapolis Power & Light Company is now AES Indiana. The former IPL, a subsidiary of The AES Corporation, announced the new name and brand identity Wednesday morning.
Who took over Indianapolis Power and Light?
AES Indiana
But, starting Wednesday, the electric utility that serves 490,000 customers in central Indiana will go by a new name: AES Indiana. In a major rebranding, the utility is dropping the name of its headquarters city and taking on the name of its parent company, AES Corp., based in Arlington, Virginia.
Is AES Indiana a private company?
It is a subsidiary and largest utility of AES Corporation, which acquired it in 2001….AES Indiana.
| AES Indiana (then IPL) headquarters in 2009 | |
|---|---|
| Area served | Indianapolis metropolitan area |
| Products | Electricity |
| Number of employees | 1,500 |
| Parent | AES Corporation |
Where does Indianapolis electricity come from?
The dominant energy sources in Indiana and the United States are coal, natural gas and petroleum. In Indiana, coal has been a primary source of electricity generation because historically it has been much cheaper than any other source.
Who bought IPL in Indiana?
the AES Corporation
IPL was acquired by the AES Corporation in 2001. On February 24, 2021, IPL’s name was changed to AES Indiana. At that time the company had 500,000 customers.
What is the name of the electric company in South Bend Indiana?
Indiana Michigan Power I&M offers customers service that’s close to home along with cost benefits as part of one of the nation’s largest utilities, AEP.
Why is vectren now CenterPoint?
It said the switch would save customers an estimated $320 million over 20 years and lower carbon emissions about 75 percent from 2005 levels. The company provides electricity to about 145,000 customers in southwestern Indiana, and natural gas to customers in other parts of the state.
Is AEP and AES the same?
AES currently has a forward P/E ratio of 13.14, while AEP has a forward P/E of 21.37. We also note that AES has a PEG ratio of 1.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate.
How is Indianapolis powered?
Electricity. In 2020, Indiana ranked sixth in the nation in industrial sector electricity consumption. Indiana is among the top 10 states in the share of its in-state electricity that is generated from coal, and 8 of Indiana’s 10 largest power plants by capacity and 7 of the 10 largest by generation are coal-fired.
Is AEP the same as Indiana Michigan Power?
Indiana Michigan Power, headquartered in Fort Wayne, Ind., encompasses the AEP service territories in Indiana and Michigan. I&M serves the customers of AEP subsidiary operating company Indiana Michigan Power Company.
