Google pays for what Google needs.
AES Indiana uses that investment to support affordability and reliability for our customers.
AES Indiana’s partnership with Google is structured so that all costs for Google’s proposed data center in Monrovia, Indiana are paid by Google — not the 533,000 customers AES Indiana serves across Central Indiana. In fact, this investment from Google is projected to save AES Indiana customers over $770 million over 15 years.
$770M
Over $770 million projected in customer savings over 15 years
$1.3B
New Indiana energy infrastructure investment
100%
of Google’s energy and infrastructure costs paid by Google
533K
AES Indiana customers benefit across Central Indiana
“Affordability is one of Indiana’s five core energy pillars, and it is central to our planning and decision making.”
— Brandi Davis-Handy, President, AES Indiana
How this agreement benefits AES Indiana customers
The HEA 1007 filing explains how AES Indiana plans to meet that demand responsibly, without passing costs to the customers who depend on us every day. Central Indiana’s energy needs are growing fast — driven by data centers, electrification, and new technology.
No cost to existing AES Indiana customers
Google covers 100% of the energy its data centers consume, plus every dollar of new infrastructure needed to serve those facilities. None of those costs are shifted to existing AES Indiana customers.
Lower bills over time
When large customers like Google join the grid, they spread fixed system costs across more users — meaning the cost per customer goes down. Current modeling projects over $770 million in savings over 15 years for existing customers.
A stronger grid for everyone
AES Indiana is planning a phased approach to infrastructure upgrades as growth happens. Google’s investment funds substations, transmission lines, and other upgrades that strengthen the entire grid — not just for the data center. These improvements benefit all Central Indiana customers with greater reliability and resiliency.
Regulatory oversight
Every proposed investment and the agreement with Google must be reviewed and approved by the Indiana Utility Regulatory Commission (IURC). AES Indiana expects an order from the IURC in September 2026.
HOW IT WORKS
The HEA 1007 filing timeline
- Indiana passes HEA 1007 (May 2025)
In 2025, the Indiana General Assembly passed House Enrolled Act 1007 — a law specifically designed to protect existing utility customers when large new customers (like data centers) come onto the grid.
- AES Indiana structures the Google deal under HEA 1007 (2025 – 2026)
The Customer Specific Contract (CSC) with Google is a long-term agreement (at a minimum of 15 years). As part of the contract Google pays 100% of its power costs and 100% of all new infrastructure required for its data center in Monrovia, Indiana.
- AES Indiana files with the IURC (April 22, 2026)
The filing explains the terms of the agreement and how customer protections are built in — including financial assurances, minimum usage commitments, and exit provisions that prevent stranded costs from landing on existing customers if circumstances change.
- IURC reviews and issues an order (September 2026)
The IURC provides regulatory oversight of the agreement and all proposed investments. AES Indiana anticipates receiving the Commission's order in September 2026. No action takes effect without regulatory approval.
“For more than 100 years, our commitment to customers has meant more than delivering affordable, reliable, and sustainable energy. It has meant being a trusted partner to the people and places that make Central Indiana strong.”
— Brandi Davis-Handy, President, AES Indiana
CUSTOMER PROTECTIONS
What keeps AES Indiana customers protected
AES Indiana built multiple layers of protection into this agreement so that if Google’s circumstances change, AES residential and small business customers are not left footing the bill.
IURC approval required
Nothing moves forward without independent regulatory review. The IURC must approve all proposed investments and the terms of the Google contract before any infrastructure is built or costs are incurred.
Financial assurances
Google must provide financial guarantees upfront, ensuring AES Indiana — and therefore customers — are not exposed to risk if the project changes.
Minimum demand commitments
Google is contractually obligated to use a minimum level of power — preventing a scenario where infrastructure is built but underused, creating costs that could fall on existing customers.
Exit provisions
If Google exits the agreement, contractual exit provisions ensure that any stranded costs remain with Google — not transferred to AES Indiana’s residential and small business customers.
Transparent cost separation
AES Indiana uses the HEA 1007 framework to keep Google’s costs completely separate from the rate base used to set prices for residential and small business customers.
FREQUENTLY ASKED QUESTIONS
What AES Indiana customers are asking
A data center is a facility that houses computing resources and infrastructure used to process, store, and manage large amounts of data. Data centers are energy-intensive facilities that require a continuous and reliable supply of electricity, cooling, and water to operate effectively.
AES Indiana has an obligation to serve current and potential customers reliably. This includes providing service to new customers while maintaining safe, reliable, and affordable service for existing ones.
Infrastructure investments made to support large-load customers often result in broader system upgrades. Substations, transmission lines, and other improvements funded by Google become long-term community assets, strengthening reliability and resiliency for all customers in Central Indiana.
Google’s investment also shows that Indiana is competitive for advanced technology and data infrastructure. Data centers bring strong, stable taxable value with minimal public service demands, supporting schools, public safety, and local services.
The Customer Specific Contract (CSC) with Google is a long-term agreement totaling at least 15 years. Google – not residential or small business customers – will pay 100% of the costs for all power equipment and upgrades it needs. The agreement includes financial assurances, minimum demand commitments, and exit provisions that ensure customers are not left with stranded costs if circumstances change.
With the rapid rise of electrification and AI, power consumption is expected to soar, and it’s our obligation to serve our customers. We’re planning for every eventuality, every day, with reliability and affordability top of mind. We must do so by meeting our obligation to meet future demand without compromising the five pillars of the state’s energy policy.
AES Indiana submitted a filing on April 22, 2026 with the Indiana Utility Regulatory Commission (IURC) under House Enrolled Act (HEA) 1007 – an important step in supporting Central Indiana’s growth while protecting affordability for the customers we serve every day.
This filing outlines how we plan to serve Google’s proposed data center in Monrovia and confirms that all incremental generation and infrastructure costs required to serve that load will be paid by Google – not by our residential or small business customers.
HEA 1007 protects existing customers and supports affordability by ensuring that large-load customers pay the full cost of the generation, transmission, and infrastructure needed to serve them. Our filing reflects this principle clearly: Google funds 100% of the incremental costs required for its facilities.
Based on current modeling, this structure is projected to deliver over $770 million in system fixed-cost savings over time, helping reduce long-term cost pressures and support affordability for all customers.