IPL Seeks Regulatory Rate Review to Cover Cost of Meeting Customer Needs Through Balanced Energy Mix

INDIANAPOLIS–(BUSINESS WIRE)–Indianapolis Power & Light Company (IPL), a subsidiary of The AES
Corporation (NYSE: AES), filed its regulatory rate review today with the
Indiana Utility Regulatory Commission (IURC) to cover the cost of
replacing older, outdated coal plants with one of the cleanest, most
efficient natural gas plants ever to be built in Indiana. If IPL’s
request is approved by the IURC, new rates are expected to be effective
by the end of 2018.

“At IPL, we have a responsibility to find the balance between cleaner
energy solutions and affordability while maintaining reliability that
our customers expect,” said Rafael Sanchez, IPL President and CEO. “Our
investments in advanced technology have enabled us to significantly
reduce our dependence on coal and transition to a more balanced energy
mix all while maintaining one of the lowest rates among investor-owned
utilities in Indiana.”

If approved, IPL’s request would result in the typical residential
customer, one using 1,000 kWh per month, seeing an increase of a little
less than $14 per month. Customers can plan for a potential impact on
their bills by utilizing our rate calculator on IPLpower.com/answers.
The proposed rate increase will vary among business customers depending
on rate class and usage.

Minimizing the impact on customers’ bills is a priority for IPL, which
is why we provide easy and convenient billing and payment options,
including:

• Budget Billing allows customers to pay about the same amount
  for 11 months and then settle the difference on the 12th
  month.
• Preferred Billing Date is offered for IPL customers who want a
  due date that best matches their paydays. This is especially useful
  for fixed income customers.
• Payment Extensions can be requested online at IPLpower.com or
  by calling our automated system at 317.261.8222 and selecting option 2
  from the main menu.
• Financial Assistance is available by calling the Connect2Help
  line at 2-1-1.

IPL also offers energy-efficient programs, like IPL PowerView, that
provide easy ways to reduce energy and ultimately allows our customers
to be in control of their monthly bills. For more information on these
resources or to see how this proposed rate increase may affect you
specifically, visit IPLpower.com/answers.

About Indianapolis Power & Light Company and AES

Indianapolis Power & Light Company (IPL), an AES Company, provides
retail electric service to more than 480,000 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/IPLpower,
www.facebook.com/IPLpower
or www.linkedin.com/company/IPLpower.

The AES Corporation (NYSE: AES) is a Fortune 200 global power
company. We provide affordable, sustainable energy to 17 countries
through our diverse portfolio of distribution businesses as well as
thermal and renewable generation facilities. Our workforce of 19,000
people is committed to operational excellence and meeting the world’s
changing power needs. Our 2016 revenues were $14 billion and we own and
manage $36 billion in total assets. To learn more, please visit http://www.aes.com.
Follow AES on Twitter @TheAESCorp.

Contacts

Indianapolis Power & Light Company
Claire Dalton, 317-829-7737
(Office)
Media Hotline: 317-261-5905
[email protected]