Skip to main content
  • My account My account My account
  • Ways to save Ways to save Ways to save
  • Outages Outages Outages
  • Safety Safety Safety
  • About us About us About us
  • Contact us
  • My AES
    Choose your location
    Choose location

    AES Global

    AES Local

    Andes Argentina Brasil Bulgaria Chile Colombia Dominicana El Salvador Hawai‘i Indiana México Miami Valley Lighting Ohio Panama Puerto Rico Vietnam
    Search AES

    Indianapolis Power & Light Company Receives Approval to Invest in Energy Grid

    Indianapolis Power & Light Company Receives Approval to Invest in Energy Grid

    INDIANAPOLIS, Ind. – Indianapolis Power & Light Company (IPL), an AES Company, received approval from the Indiana Utility Regulatory Commission (IURC) to invest $1.2 billion to modernize its electric grid over a seven-year-period to meet customers’ rapidly changing energy needs.

    The Transmission, Distribution, and Storage System Improvements Charge (TDSIC) filing, or “IPL revAMP,” addresses the upgrade and replacement of aging equipment, hardware and other assets. In addition, the investment will provide new technology, equipment and systems, which include:

    • A self-healing electric grid, allowing IPL to isolate problems automatically and re-route power around the problem, reducing the customer impact and duration of service interruptions
    • “Smart” AMI meters and other corresponding technology that automatically let IPL know when the power is out, as well as inform estimated time of restoration during outages
    • Replacing transformers, breakers, batteries and other aging equipment at substations to meet local energy demands

    “We are pleased with the IURC’s Order because it allows us to modernize our electric system to continue meeting the rapidly changing needs of our customers throughout the Indianapolis area,” said Vince Parisi, President of U.S. Utilities for The AES Corporation and President and CEO of Indianapolis Power & Light Company. “Through our revAMP investments, IPL’s goal is to continue to deliver safe, reliable and affordable energy solutions to all customers.”

    The Order does not approve new customer rates. IPL plans to file its initial cost recovery request by July 1, 2020. Furthermore, IPL anticipates its transformative grid investment will support an estimated 880 jobs annually in Marion County. As a result, IPL customers should expect to see crews and contractors working throughout the service territory to replace equipment. Customers can view project progress, as well as impacts to their neighborhoods online at


    About Indianapolis Power & Light Company and AES:

    Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 500,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit or connect with us on TwitterFacebook and LinkedIn.

    The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 14 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2019 revenues were $10 billion and we own and manage $34 billion in total assets. To learn more, please visit Follow AES on Twitter @TheAESCorp.

    Media Contact: 
    Courtney Arango
    Indianapolis Power & Light Company

    Back to top

    Copyright © 2009-2023 The AES Corporation. All rights reserved. Terms of Use | Privacy

    Reproduction in whole or in part in any form or medium without the express written permission of The AES Corporation is prohibited. AES and the AES logo are trademarks of The AES Corporation. 

    My Account
  • Pay / View Bill (sign in)
  • Payment & Billing Options
  • Connect or Disconnect Service
  • Understand Your Bill
  • Green Power
  • About Us
  • Newsroom
  • Careers
  • Customer Support
  • Contact us
  • Outages
  • Accessibility
  • Resources
  • For Business Customers
  • For Builders
  • For Community Partners
  • For Educators
  • For Suppliers
  • Jump back to top