AES Corp

More News and Commentary

Oklahoma coal plant loses contract, puts future in doubt

The Oklahoman: The future for an independent power generator and its roughly 100 employees in eastern Oklahoma is decidedly hazy. An executive with AES Shady Point, a coal-fired electrical generation facility in Le Flore County, said Tuesday the plant could close as soon as January. Lundy Kiger, AES Shady Point’s vice president, said that may […]

August 29, 2018 Read More →

Global utility company AES sees 12-gigawatt capacity growth by 2022 driven largely by renewables

S&P Global Market Intelligence ($): AES Corp. executives have laid out an ambitious plan to add nearly 12,000 MW of new capacity to the company’s portfolio by 2022, fueled in large part by the rapid development of the sPower renewables pipeline. “Our goal is to earn attractive returns while greening our portfolio,” AES President and […]

August 8, 2018 Read More →

AES, Siemens Partnership Is Big News for Batteries

The first storage supergroup has arrived. Fluence, the new joint venture from major industry players Siemens and AES Energy Storage, kicked off operations in the new year. The company is positioning itself as a global heavyweight system provider capable of tackling everything from commercial projects up to the rarefied “100 megawatt club.” The pairing combines AES’ decade […]

January 12, 2018 Read More →

In ‘Deepening Industry Decline,’ 2 Coal-Fired Electricity Plants in Ohio Will Close Next Year

Reuters: Electricity company Dayton Power & Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry. Dayton Power & Light, a subsidiary of The AES Corporation, said in an emailed statement that it planned to close the J.M. […]

March 21, 2017 Read More →

Ohio Utility, ‘Once Hopeful and Confident’ on Coal, Dials Back Its Expectations

Darren Sweeney for SNL: Once hopeful and confident about the prospects of receiving an income guarantee for more than 2,000 MW of coal-fired generation in Ohio, Dayton Power and Light Co. pivoted to retiring and selling coal capacity to advance its new, six-year electric security plan. The AES Corp. subsidiary filed a settlement agreement Jan. […]

February 1, 2017 Read More →

Two Ohio Coal Plants Slated for Retirement

Dan Testa for SNL: Dayton Power and Light Co. will retire two coal plants and develop wind and solar projects under a proposal submitted to Ohio regulators Jan. 30. Under the agreement with key intervenors, AES Corp. subsidiary DP&L will retire the coal-fired 2,308-MW J.M. Stuart and the 600-MW Killen Station plants in June 2018, […]

January 31, 2017 Read More →
IEEFA Indiana: Another Coal-Fired Plant That Should Be Retired

IEEFA Indiana: Another Coal-Fired Plant That Should Be Retired

Saving the Petersburg Generating Station Would Cost Indianapolis Power & Light Ratepayers $80 Million. It’s Not Worth It.

Indianapolis Power & Light Company, a subsidiary of Virginia-based AES Corp. that provides electricity to almost a half million people in central Indiana, isn’t known for always doing right by its ratepayers. A spectacular case in point is the company’s current campaign to get the Indiana Utility Regulatory Commission to allow what in essence is […]

January 27, 2017 Read More →
Institutional Investors Are Walking Away From Ohio Utility Companies That Insist on Coal

Institutional Investors Are Walking Away From Ohio Utility Companies That Insist on Coal

Hundreds of Millions of Dollars in Divestment From One Fund Alone

Utilities in Ohio and West Virginia clinging stubbornly to coal-fired power plants for electricity generation are finding the strategy backfiring in a way they might not have anticipated. Some of the world’s biggest investors are saying no thank you to enterprises so deeply—and dangerously—attached to coal. They include Norway’s Government Pension Fund Global, or GPFG, […]

April 22, 2016 Read More →