IPL, City of Indianapolis Announce Partnership for Innovative Street Lights Conversion Plan
August 23 2017 - 3:32PM
Business Wire
IPL-commissioned street light study to help
municipalities identify placement of new lights
Indianapolis Power & Light Company (IPL), a subsidiary of
The AES Corporation (NYSE: AES), and the City of Indianapolis will
submit an agreement this week for approval from the Indiana Utility
Regulatory Commission (IURC) in which IPL will retrofit more than
27,000 high pressure sodium (HPS) street lights to light-emitting
diode (LED) technology thanks to a financial contribution from the
City of Indianapolis. Under the agreement, the City will pay all
up-front costs to convert street lighting service to LED
technology, which is a cost typically charged to the City and paid
for by Indianapolis taxpayers. The City’s up-front contribution
will facilitate a net annual bill savings for street lighting
service. The agreement provides for the largest LED street light
conversion in Indiana and will benefit the City and its residents
with reduced energy usage and longer fixture life.
Through this agreement, IPL and the City have developed a
long-term street lighting strategy. Both parties are committed to
embracing new technologies that benefit the quality of life for
residents and long-term sustainability of the community.
In addition to the conversion announcement at a press conference
earlier today, IPL President & CEO Rafael Sanchez shared
findings of a street light study commissioned by the utility to
help all municipalities within IPL’s service territory to determine
placement of new street lights.
“This is a major transformation for our city and IPL wants to
ensure that all neighborhoods and communities benefit from the
advantages that sufficient lighting can provide, such as greater
safety and an improved quality of life,” said Sanchez. “By securing
the agreement with the City and completing the street light study,
we are making significant strides and tremendous progress toward a
brighter, more efficient future for everyone we serve.”
The street light study, conducted by the Indiana University
Public Policy Institute (PPI), identified the most useful metrics
recognized by elected and appointed officials, neighborhood leaders
and civic executives, including crime, pedestrian traffic,
populations with disabilities, and households with limited access
to vehicles.
Subject to IURC and City-County Council approval, IPL and the
City anticipate the three-year street light conversion project will
begin in the first part of 2018.
Safety is IPL’s top priority, and we ask that our customers help
us Keep the Lights On. If you see a street light not functioning
properly, please report it online at IPLpower.com or by calling
IPL’s “Lights Out, Day or Night” number at 317.261.8111.
About Indianapolis Power & Light Company, AES and
SEPA.
Indianapolis Power & Light Company (IPL), an AES Company,
provides retail electric service to more than 490,000 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170823006010/en/
Indianapolis Power & Light CompanyClaire DaltonOffice:
317-829-7737Media Hotline: 317-261-5905claire.dalton@aes.com
AES (NYSE:AES)
Historical Stock Chart
From Mar 2024 to Apr 2024
AES (NYSE:AES)
Historical Stock Chart
From Apr 2023 to Apr 2024