Indianapolis Power & Light Company PFD 4.80% CDT
IPWLN
Other OTC85.50
USD
- -
- -
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-14.51
76.60
5Y
-16.18
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- IPO Date
- Jun 10, 2010
- Similar Companies
- Business
- Indianapolis Power & Light Company operates as a subsidiary of AES Corporation, providing retail electric service to more than 500,000 residential, commercial, and industrial customers across a 528-square-mile service territory centered in Indianapolis, Indiana; core offerings include reliable electricity generation, transmission, and distribution supported by coal-fired plants such as Eagle Valley (341 MW), Harding Street (1,196 MW), and Petersburg (1,760 MW), alongside the Georgetown Gas Turbine peaking station (158 MW), the Hoosier Wind Farm (106 MW), battery energy storage systems, and complementary services like energy efficiency programs, smart grid modernization, and PowerView usage management tools. Founded in 1926 through the merger of Indianapolis Light and Heat Company and Merchants Heat and Light Company, with origins tracing to 1880s electric service pioneers, the company is headquartered in downtown Indianapolis at the Electric Building on Monument Circle. Rebranded as AES Indiana in February 2021 to align with its parent, it continues to issue preferred stock including the 4.80% Cumulative Preferred Stock (ticker: IPWLN), while pursuing aggressive decarbonization and growth. Recent developments encompass approximately $1.1 billion in investments in Pike County from 2024-2026, featuring the repowering of Petersburg Generating Station Units 3 and 4 from coal to natural gas by end-2026, the addition of 250 MW solar via the Petersburg Energy Center, 180 MWh battery storage, and the operational 200 MW/800 MWh Pike County Battery Energy Storage System on a former coal site; these initiatives support grid reliability, flexibility, and sustainability per the 2022 Integrated Resource Plan aiming for 70% natural gas, 6% battery storage, and 3% wind by 2026, alongside a 2025 regulatory rate case settlement reducing a proposed $192.9 million increase by over half with no base rate hikes until 2030, and ongoing partnerships like the long-term collaboration with CDPQ for modernization funding.