INDIANAPOLIS--(BUSINESS WIRE)--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.