Energy News


The Importance of the Electric Grid

Indiana's electric companies are constantly investing in the electric grid to ensure that you always have power when you need it most. You may not think of it when you flip that light switch on, but the electric grid ensures that you always have electricity. Investment in the grid and reliability is a priority for Indiana's electric companies. 

Learn how the grid keeps you going here.


Industry Economic Impact

The energy industry in Indiana contributes substantially to our economy. Because our energy companies live and operate in the state, they have a vested interest in the communities they serve.

This impact includes:

  • Employing 11,400 Hoosiers
  • 67% of contracts use union labor
  • $2.3+ billion invested
  • $451+ million in sales taxes paid
  • $136+ million in property taxes paid
  • $4.6 million in economic development
  • $9.9 million in charitable donations
  • 4.7 million Hoosiers served

Indiana’s energy companies strive to be the partner and neighbor communities can rely on.


Rafael Sanchez named president and CEO of Indianapolis Power & Light Company

Sanchez is a highly respected business and community leader

Indianapolis Power & Light Company (IPL) , a subsidiary of The AES Corporation (NYSE: AES), announces Rafael Sanchez has been named President and CEO of the utility which serves 480,000 residential and commercial customers. Rafael is a highly respected business and community leader and joined IPL in February as Senior Vice President of Strategic Planning.  

“Rafael is a trusted leader who is uniquely qualified to ensure IPL delivers safe, reliable and sustainable, energy to our customers,” said Ken Zagzebski, President of AES United States.   “With years of leadership in the Indianapolis community, he brings a range of experience and fresh perspective  which will serve our customers well.”

“I’m deeply committed to this community and it is an honor to lead a company with the same values, passion and focus on making Indianapolis  a better place to live, “ said Sanchez.  “This is a transformative time for our industry, and I am up for the challenge of maintaining the value, service and reliability our customers depend upon.”

Prior to IPL, Rafael was a partner at Bingham Greenebaum Doll, LLP and he was also Vice President of Business Development & Legal Affairs for Fineline Printing Group.  He has a good outlook of IPL as he served on the IPL Advisory Board for the past five years. He also serves as Secretary for the Indy Chamber, Co-Chair for Plan 2020, Chair for Cancer Support Community, Executive Committee member for the United Way of Central Indiana and a board member of the Indiana Chamber of Commerce and Methodist Health Foundation.

Sanchez holds a bachelor’s degree in Social Sciences and Political Science from the University of Puerto Rico and a law degree from the Indiana University Maurer School of Law.