Who Owns AES Indiana?
AES Indiana is owned by The AES Corporation, the publicly traded global power company headquartered in Arlington, Virginia. AES acquired Indianapolis Power and Light in 2001 for $2.2 billion, and the utility rebranded as AES Indiana in February 2021. The regulated utility serves more than 490,000 customers in Indianapolis and surrounding Central Indiana communities.
Parent Company
Acquired
2001
Status
Publicly Traded
Headquarters
AES Indiana Timeline
United StatesOfficial Website
Who Owns AES Indiana?
- Parent Company: The AES Corporation
- Ownership Type: Subsidiary
- Acquisition Year: 2001
- Company Type: Publicly Traded
- Stock Ticker: New York Stock Exchange: AES
| Brand | Parent Company | Ownership Type |
|---|---|---|
| AES Indiana | The AES Corporation | Subsidiary |
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History of AES Indiana
- Founded: 1926
- Founders: Merchants Heat and Light, Indianapolis Light and Heat
- Acquired by The AES Corporation: 2001
The utility traces to 1926, when Merchants Heat and Light merged with Indianapolis Light and Heat to form Indianapolis Power and Light. For 94 years it operated under the IPL name, supplying power to Indianapolis and building the generation and distribution system serving Marion County and Central Indiana.
AES acquired IPL in 2001 for $2.2 billion. Under AES ownership the utility diversified its generation mix, added wind and solar contracts, and committed to retiring its remaining coal units. It also invested in grid modernization and smart meters across its service territory.
The February 2021 rebrand to AES Indiana reflected two stated goals: alignment with the global parent's innovation brand and preparation for a more technology-driven utility model. The new logo kept IPL's familiar colors to signal continuity. The company retained its headquarters on Monument Circle in downtown Indianapolis.
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About The AES Corporation
What does AES own?
AES owns regulated utilities AES Indiana and AES Ohio, a large renewables and storage generation portfolio, international power operations, and a stake in Fluence.
Is AES publicly traded?
Yes. It trades on the NYSE under ticker AES.
What does AES stand for?
Applied Energy Services, the company's founding name.
Who is the CEO of AES?
Andrés Gluski, president and CEO since 2011.
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How much revenue does AES generate?
Approximately $12.3 billion annually.
Where is AES headquartered?
Arlington, Virginia, USA.
- Founded: 1981
- Headquarters: Arlington, Virginia, USA
- Company Type: Publicly Traded
- Stock: New York Stock Exchange: AES
- Revenue: Approximately $12.3 billion (FY2025)
- Employees: Approximately 9,100
Where Is AES Indiana Made / Based?
- Headquarters: Indianapolis, Indiana, USA
AES Indiana Categories & Tags
Brands Owned by The AES Corporation
Energy UtilitiesAES Ohio
Owned by The AES Corporation
Regulated electric utility serving West Central Ohio, formerly Dayton Power and Light, owned by The AES Corporation since 2011.
electric-utilityregulated-utilityohio
Utilities EnergyAES
Owned by The AES Corporation
The power and renewables brand of The AES Corporation, spanning regulated US utilities and a global clean-energy generation portfolio.
utilitiesenergyrenewables
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AES Indiana Ownership: Pros & Cons
Advantages
- +AES' global renewables and storage expertise accelerates the coal-to-clean transition faster than a standalone utility could fund.
- +Parent scale supports grid modernization and digital transformation programs.
- +The utility retains local operations, leadership, and Monument Circle headquarters.
Considerations
- -Strategic decisions, including generation retirement timing, are made with corporate rather than purely local priorities.
- -Customers see the local brand on bills while decisions and profits flow to a global parent.
Sources & Further Reading
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Competitors to AES Indiana
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Aes | USA | 1911 | Mass market | United states | All Genders | |
| Southern Company | USA | 1906 | Mass market | United states | All-ages | |
| Exelon | USA | 1924 | Mass market | United states | All-ages | |
| Dominion Energy | USA | 1983 | Market leader | United states | All-ages | |
| Duke Energy | USA | 1904 | Mass market | United states | All Genders | |
| Duke Energy | USA | 1899 | Mass market | United states | All Genders |
Learn More About Competitors
Energy UtilitiesAES Ohio
Owned by The AES Corporation
Regulated electric utility serving West Central Ohio, formerly Dayton Power and Light, owned by The AES Corporation since 2011.
electric-utilityregulated-utilityohio
Energy UtilitiesAlabama Power
Owned by Southern Company
Alabama-based electric utility company serving millions of customers across the state, owned by Southern Company.
electricityutilitiesalabama
Energy UtilitiesAtlantic City Electric
Owned by Exelon Corporation
New Jersey-based electric utility company serving hundreds of thousands of customers, owned by Exelon Corporation.
electricityutilitiesnew-jersey
Energy UtilitiesDominion Energy
Owned by Dominion Energy, Inc.
Consumer-facing electric utility brand of Dominion Energy, Inc., serving approximately 3.6 million customers in Virginia and South Carolina.
electric-utilityregulated-utilityvirginia
Energy UtilitiesDuke Energy Carolinas
Owned by Duke Energy
Duke Energy's regulated electric utility subsidiary serving approximately 3.8 million customers across western and central North Carolina and western South Carolina, tracing its origins to Duke Power Company founded in 1904 by James Buchanan Duke, operating a diverse generation fleet including nuclear, natural gas, coal, hydro, and solar, with a 2025 Carolinas Resource Plan filed to guide the clean energy transition through 2050.
electric-utilityregulated-utilitynorth-carolina
Energy UtilitiesDuke Energy Florida
Owned by Duke Energy
Duke Energy's regulated electric utility subsidiary serving approximately 1.8 million customers across central and northern Florida, tracing its origins to Florida Power Corporation founded in 1899, acquired by Duke Energy through the 2012 merger with Progress Energy, operating a generation fleet of natural gas, solar, and battery storage as it transitions away from coal and retired nuclear capacity.
electric-utilityregulated-utilityflorida
Competitive Analysis
Market Positioning: AES Indiana competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to AES Indiana
Looking for brands with different ownership structures? These similar brands are not owned by The AES Corporation, giving you alternative choices that support different corporate structures.
Energy UtilitiesAdani Green Energy
Owned by Adani Group
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
renewable-energysolarwind
Privately Owned
Adani Green Energy is privately owned, unlike AES Indiana which is under a publicly traded parent company.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike AES Indiana which is under a publicly traded parent company.
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Privately Owned
Cenex is privately owned, unlike AES Indiana which is under a publicly traded parent company.
Energy UtilitiesDominion Energy
Owned by Dominion Energy, Inc.
Consumer-facing electric utility brand of Dominion Energy, Inc., serving approximately 3.6 million customers in Virginia and South Carolina.
electric-utilityregulated-utilityvirginia
Publicly Traded
Dominion Energy operates independently without a large parent corporation.
Energy UtilitiesJSW Energy
Owned by JSW Group
JSW Energy Limited is an Indian independent power producer and subsidiary of JSW Group, operating thermal, hydro, solar, and wind assets with over 10 GW of installed capacity and a target of 30 GW by 2030.
renewable-energysolarwind
Privately Owned
JSW Energy is privately owned, unlike AES Indiana which is under a publicly traded parent company.
Energy UtilitiesPSE&G
Owned by PSEG
The regulated electric and gas utility serving New Jersey, operating under the Public Service Enterprise Group umbrella.
utilityelectricgas
Privately Owned
PSE&G is privately owned, unlike AES Indiana which is under a publicly traded parent company.
The AES Corporation Stock Information
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