IPL to Begin Work on Morgan County Plant

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Indianapolis Power & Light Co. will break ground this week on a $600 million power station near Martinsville. The utility said last year it hoped to have the natural gas plant complete by 2017.

September 2, 2014

News Release

Indianapolis, Ind. -- Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (NYSE: AES), will break ground on the site of its new combined-cycle gas turbine (CCGT) power station near Martinsville on Thursday, September 4, 2014 at 10:30 a.m. AES and IPL leaders will be joined by Indiana Lt. Governor Sue Ellspermann and Morgan County government officials. IPL is investing approximately $600 million into the new plant which will generate 671 megawatts of electricity more efficiently and with fewer environmental emissions than the retiring Eagle Valley coal plant.

IPL President and CEO Kelly Huntington will also join Morgan County leaders in the announcement of a significant community initiative.

WHAT: IPL CCGT groundbreaking and announcement of significant community initiative

WHEN: Thursday, September 4, 2014 at 10:30 a.m.

WHERE: Pritchard Park, 4040 Blue Bluff Rd., Martinsville (across from Eagle Valley Generating Station)

WHO: Indiana Lt. Governor Sue Ellspermann, Representatives from AES,Indianapolis Power & Light Company, Morgan County and the City of Martinsville.

About Indianapolis Power & Light Company and AES.

Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 470,000 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 20 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 17,800 people is committed to operational excellence and meeting the world’s changing power needs. AES’ 2013 revenues were $16 billion, and we own and manage $40 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.

Source: Indianapolis Power & Light Co.