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
    EN
    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
    Search AES

    IPL tax settlement approved by Indiana utility regulators

    IPL tax settlement approved by Indiana utility regulators

    INDIANAPOLIS, Ind. — Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (NYSE: AES), received approval from the Indiana Utility Regulatory Commission (IURC) to immediately begin crediting approximately $9.5 million back to customers over the next six months as a result of a settlement with all parties on the impact from the Tax Cuts and Jobs Act of 2017. The typical residential customer using 1,000 kilowatt-hours per month will pay approximately $1.50 less per month.

    “The IURC’s approval of this credit for the 2018 impact of the reduction of the federal income tax rate ensures our customers timely benefit from federal tax reform,” said Craig Jackson, IPL President and CEO. “This reform will help us solidify our position as having one of the lowest residential rates among investor-owned utilities, while continuing to provide safe and reliable service to our 490,000 customers.” 

    The $9.5 million is in addition to IPL’s recently proposed Regulatory Rate Review Settlement, which includes nearly $29 million of annual federal tax savings and an additional $14.3 million in deferred tax savings. IPL anticipates to receive a final order on its pending Regulatory Rate Review Settlement by the end of 2018.

    For more information about IPL’s Regulatory Rate Review and how it could impact your bill, visit IPLpower.com/answers to use our rate calculator.

    ###

    About Indianapolis Power & Light Company and AES

    Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 490,000 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 www.IPLpower.com or connect with us at www.twitter.com/IPLpowerwww.facebook.com/IPLpower or www.linkedin.com/company/IPLpower.

    The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 15 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 2017 revenues were $11 billion and we own and manage $33 billion in total assets. To learn more, please visit www.aes.com.  Follow AES on Twitter @TheAESCorp.

    Media Contact

    Claire Dalton
    Indianapolis Power & Light Company
    Office: 317.829.7737
    claire.dalton@aes.com

    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