IPALCO Enterprises, Inc. operates mainly through its subsidiary AES Indiana, providing electric utility services in Indiana, controlled primarily by AES and CDPQ, with no explicit financial figures or customer data listed.

# Company Summary: IPALCO Enterprises, Inc.

**Overview:**  
- IPALCO Enterprises, Inc. ("IPALCO") is a utility company primarily engaged in electric power distribution and related services.  
- It operates as a majority-owned subsidiary of The AES Corporation, with a minority ownership held by CDP Infrastructures Fund L.P., a subsidiary of La Caisse de dépôt et placement du Québec.

**Business Operations:**  
- The company’s main operating subsidiary is AES Indiana (formerly IPALCO), which provides electric utility services to customers in Indiana.  
- AES Indiana is the primary entity for electric power distribution, serving a customer base in the Indiana market.

**Ownership & Governance:**  
- Total shares outstanding as of April 15, 2025: 108,907,318 shares.  
- Shareholders include AES U.S. Investments (owned by AES U.S. Holdings, LLC, wholly owned by AES) holding approximately 82.35% of shares, and CDP Infrastructures Fund L.P. holding about 17.65%.

**Employees:**  
- The document does not specify the total number of employees directly.  
- The management structure includes key executive officers who are employed by AES companies but serve the utility operations.

**Financial Information:**  
- The document does not explicitly provide revenue or net income figures for IPALCO.  
- As of the report date, the company has not listed any securities on a stock exchange and does not have public trading or stock-based securities other than AES stock.

**Customer Base:**  
- The number of customers served by AES Indiana (the main operating subsidiary) is not specified in the provided document.

**Additional Details:**  
- The company is involved in various debt and property agreements, including mortgage, indentures, and credit facilities.  
- It maintains a property insurance program and participates in employee benefit plans through AES subsidiaries.  
- The company’s governance includes no independent directors, as it does not list securities on an exchange and is controlled primarily through AES and its affiliates.

**Summary:**  
- IPALCO Enterprises, Inc. operates mainly through its subsidiary AES Indiana, providing electric utility services in Indiana.  
- It is controlled by AES and CDPQ, with no specific financial figures or customer counts provided in the document.  
- The company’s structure, operations, and financial details focus on utility assets, debt obligations, and employee benefit participation, but do not include explicit revenue, income, or customer data.

IPALCO Enterprises, Inc. is a utility holding company based in Indianapolis, specializing in the generation and distribution of electricity with a focus on renewable energy and community engagement.

# IPALCO Enterprises, Inc.

IPALCO Enterprises, Inc. is a utility holding company based in Indianapolis, Indiana. The company focuses on the generation and distribution of electricity through its subsidiaries, including Indianapolis Power & Light Company (doing business as AES Indiana).

## Key business functions

- Electricity generation: Operates power plants and renewable energy resources.
- Electricity distribution: Provides retail electric service to residential, commercial, and industrial customers in its service area.
- Renewable energy: Develops and operates renewable energy projects to expand its sustainable energy portfolio.

## Statistics

- Customers: Approximately 500,000 within Indiana (most recent reporting).
- Employees: About 1,170.
- Revenue: $2.2 billion for the fiscal year ending December 31, 2023.
- Net income: $183 million for the fiscal year ending December 31, 2023.

## Strategic focus

1. Service improvement: Deliver reliable, affordable electricity and enhance customer service.
2. Sustainability initiatives: Invest in renewable energy projects to reduce carbon emissions and transition to cleaner energy.
3. Community engagement: Work with local communities to support economic development and promote energy efficiency.

## Ownership structure

IPALCO is a majority-owned subsidiary of AES U.S. Investments, which is part of The AES Corporation. The company receives resources and support from its parent while maintaining operational independence in its electric utility services.

## Conclusion

IPALCO Enterprises, Inc. is an established utility in Indiana, focused on electricity generation and distribution, advancing sustainability efforts, and engaging with local communities. Its customer base, revenue, and operational emphasis position it as an important energy provider in the region.

IPALCO ENTERPRISES, INC.

10-K / April 30, 2025

10-K / April 29, 2024

10-K / April 30, 2025

Company Summary: IPALCO Enterprises, Inc.