#INPOL hashtag - Bluesky

**Support local news that keeps Indy informed. ** **GIVE NOW** AES, the parent company of AES Indiana, announced on Monday that it has agreed to be purchased in a $33 billion deal by a group of large domestic and foreign investors — and could go private as soon as this year. The news prompted alarm from some Hoosier leaders. The buyers include BlackRock subsidiary Global Infrastructure Partners, headquartered in New York, and Swedish EQT’s Infrastructure VI fund. They are joined by two underwriters: the California Public Employees’ Retirement System and the Qatar Investment Authority, which is that nation’s sovereign wealth fund. They and AES have entered into a definitive agreement for $15 in cash per share — a total equity value of $10.7 billion and an enterprise value of about $33.4 billion, according to a news release. The deal is expected to close in late 2026 or early 2027. “We believe this transaction maximizes value for existing stockholders and positions the Company for long-term success as we continue delivering on our commitments to customers, communities and people,” said AES President and CEO Andrés Gluski. AES Board of Directors Chair Jay Morse said that without a deal, the company would’ve likely had to reduce or eliminate the dividend, “and/or” substantial new equity issuances for stockholders. The buyers’ support will improve access to the capital AES needs to invest in energy infrastructure, the news release said. “AES’ electric utilities in Indiana and Ohio are experiencing significant demand growth and remain focused on maintaining reliable service and affordable rates for all customers,” the company asserted. “As a private company, AES will continue to invest prudently in utility assets to meet the growing energy needs of all 1.1 million customers.” AES Indiana is, for now, one of the state’s “big five” investor-owned electric utilities. It serves more than 500,000 retail customers in Indianapolis and surrounding areas, with an exclusive service territory of about 530 square miles. That’s according to an integrated resource plan submitted last year to state regulators. AES Indiana and AES Ohio will remain “locally operated and managed” regulated utilities — and, according to the company, the acquisition “is not expected to impact customer rates.” Indianapolis Democrats condemned the buyout. “I’m very concerned that AES’s move toward private ownership will hurt Hoosiers,” said U.S. Congressman André Carson. “Private firms having a stake in public utilities – an essential service – will put profits over people.” State Rep. Cherrish Pryor said AES “conveniently” made the announcement just after Friday’s conclusion of the 2026 legislative session “to dodge efforts” regulating or blocking such sales. “AES has continued to put shareholders’ profits above the needs of working families. Selling to private equity will only make it worse,” she said in a news release. She feared the deal would allow her constituents to be “exploited” and “set a dangerous precedent statewide.” Indiana Gov. Mike Braun took a more agnostic approach in an unrelated Monday news conference. “We want to see rates coming down, and that’s going to be the main criterion,” he told reporters. “Very simple — BlackRock or anyone else.” _This article was written by Indiana Capital Chronicle reporterLeslie Bonilla Muñiz._ ### _Related_ ## Local news delivered straight to your inbox Mirror Indy's free newsletters are your daily dose of community-focused news stories. * In the Mirror Daily: News you can use * Play List Weekly: Arts and culture Sign up By clicking Sign Up, you’re confirming that you agree with our Terms of Use. # Related Articles * Approved deal nearly halves original rate hike request from AES Indiana Date April 18, 2024 Author WISH TV * How your electric bills could jump if a data center comes to Indy Date June 3, 2025 Author Elizabeth Gabriel * How data centers could affect your electric bill Date February 27, 2026 Author Enrique Saenz

3 weeks ago

evidence from other states on how extremely anti-consumer this is quite
damning #HoosierMast #Indiana #INpol

mirrorindy.org/aes-indianas-parent-comp...

1 0 0 0

3 weeks ago

the people here just dont see the fucking sunshine / is it really beyond imagination that these and policies like them from tennesee florida to arizona to south carolina etc are being quietly put in place / to keep you in place after they remove elections / refuse midterm results #HoosierMast […]

0 0 0 0

CubanX

@cubanx.bsky.social

3 weeks ago

SB 76 — Indiana FAIRNESS Act / now teachers have to let fascist kidknap kids from schools and send them to camps, one of which will be built in indianapolis for this purpose / am i wrong? #HoosierMast #Indiana #INpol #Br...
#democracy #usa #gop #fascists #fascism

👉 Vote 'em Out!

0 0 0 0

3 weeks ago

and my favorite wipe your ass with the constitution bill allways for braun to deploy indiana national guard / military police anywhere in the state for any fucking reason whatsoever that / THE PEOPLE DO NOT EVEN CARE THEY ARE THE ENEMY OF THE STATE / what other reason is there for this / see you […]

0 0 0 0

3 weeks ago

SB 76 — Indiana FAIRNESS Act / now teachers have to let fascist kidknap kids from schools and send them to camps, one of which will be built in indianapolis for this purpose / am i wrong? #HoosierMast #Indiana #INpol #Braun #Fascism #SB76 #ImmigrationJustice #AbolishICE #NoHumanIsIllegal

0 0 0 0

3 weeks ago

yes lets focus on this session rant / indiana just made it illegal to be homeless / no new shelter beds / same failed service policies / just criminalization / class warfare hoosier hospitality #HoosierMast #Indiana #INpol #Homelessness #ClassWarfare #Braun […]

0 0 3 0

3 weeks ago