Energy News

11
December

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.

14
June

The AES Corporation Awarded EEI’s 2016 International Edison Award

The AES Corporation (AES) received the Edison Electric Institute’s (EEI’s) 2016 International Edison Award, the electric power industry’s most prestigious honor. A panel of former electric company chief executives selected AES for the annual award from a group of distinguished finalists.
 
AES earned the International Edison Award for its Advancion® 4 energy storage technology, which was first deployed in 2015. The next-generation battery-based energy storage system was designed to accelerate the growth and integration of clean energy and to serve as an alternative to new peaker power plants. It is the first-ever battery-based energy storage solution designed to scale in size, and it is already in service making the energy grid smarter and more resilient in the Netherlands, Northern Ireland, and the United States. By the end of 2016, AES will have deployed energy storage projects in six countries.
 
“The AES energy storage system is a great example of how electric power companies are using new and inventive solutions to provide cost-effective clean energy to customers globally,” said EEI President Tom Kuhn. “By working directly with electric power companies, power producers, grid operators, and industrial customers to develop its Advancion platform, AES has also demonstrated the value that technology partnerships can bring to the electric power industry.”
 
AES determined that the energy storage solutions available globally were not designed to scale fast enough to meet the anticipated growth in storage, and quickly began developing an effective technology solution to meet the rapidly growing demand.
 
“The AES team is greatly deserving of the Edison Award for their efforts to develop smarter, stronger energy grids around the world,” said Kuhn.
 
A video overview of AES’ Advancion 4 technology is...
14
June

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.

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