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Welcome !

Welcome !. IPL Overview. Founded in 1927 Acquired by AES in March 2001 Currently serves 470,000 residential, commercial and industrial customers More than 1,400 employees 1,360 km 2 service territory Owns and operates 3,492 MW of generating capacity

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Welcome !

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  1. Welcome!

  2. IPL Overview • Founded in 1927 • Acquired by AES in March 2001 • Currently serves 470,000 residential, commercial and industrial customers • More than 1,400 employees • 1,360 km2 service territory • Owns and operates 3,492 MW of generating capacity • Transmission and Distribution Reliability – Best in Indiana • Over $1 billion gross revenue • Residential rates the lowest among large U.S. cities served by investor owned utilities • Strong profitability

  3. Our mission! To serve our customers’ need for electric power in ways that provide exceptional value to our customers, shareholders, people and communities. 

  4. Our vision is aspirational! • To Be The Best electric utility for the world by balancing excellence in customer service, reliability, rates, shareholder value, environmental performance, safety, employee engagement and community leadership.

  5. Community Leadership Customer Service Safety Employee Engagement Reliability Environment Financial Our operatingphilosophy…

  6. Safety - OSHA Rate

  7. 2008 Residential Rates*20 Largest U.S. Cities With Investor-Owned Utilities*Cost of 1,000 kWh per month for residential service-Using rates in effect July 1, 2008**Standard Rate for Electric Service Not Available due to Deregulation

  8. Community Opinion Leader Survey2008

  9. This is a journey… • Focused on balancing the interests of our stakeholders • Always looking for ways to improve • Using common decision making tools to make it easy for every to make us better • And enjoying being part of a company that is adding more value every day • Welcome

  10. AES Corporation…. our journey IPL New Employee Orientation

  11. 1981 to 1985 – Efforts concentrated on developing our First power plant project in Texas, AES Deepwater. Also Signs agreements for other power facilities in California, Oklahoma and Pennsylvania, and pursues other plants in the U.S.

  12. 2001 - 2008 – AES acquires IPL. The industry suffers significantly after a global economic slowdown and loss of investor post-Enron. AES restructures underperforming businesses, divests of others and focuses on excellence in operations. AES recovers financially and begins to grow once more. The founders exit the company. We begin construction of a large generation project in Bulgaria and complete one in Spain. AES announces plans to invest $1B by 2010 in the alternative energy sector including wind power, global climate change businesses and liquefied natural gas.

  13. 2009- The collapse of the U.S. housing market causes an economic crisis that is second only to the Great Depression. Similar effects are felt in the rest of the developed world. Even The rapidly growing developing countries have sustained reductions in growth fueled by a reduction in demand for exports. Access to capital is closed to many businesses and, when available, is extremely expensive. Despite this environ- ment, AES has been successful in raising financing for several international growth projects. That said, the company and its subsidiaries are taking measures to ensure success through this period.

  14. AES refreshes its values to add clarity in a new world… • Put safety first • Act with integrity • Honor commitments • Strive for excellence • Have fun through work

  15. AES today… • Industry Leadership • Over 25 years of development, construction & operations experience • Operations in 29 countries on 5 continents managing $33B in assets • Global workforce of 28,000 talented people • Diversified portfolio • 44 GW generation plants largely contracted under long-term contracts • 15 utilities, including IPL • Alternative energy business • Over 1000 MW of wind projects in operation • Production of greenhouse gas emissions credits • Strong Development Pipeline • More than 25,000 MW of core power projects and 4,000 MW of wind projects in the works

  16. Key Services Total Rewards • Competitive salary • Exceptional benefits • Above & beyond Talent Development • Educational assistance • Career advancement opportunities

  17. Key Services Talent Acquisition • Recruit & retain exceptional employees Payroll & Benefits Administration • Accurate, timely, & efficient Employee Engagement Wellness • Help our people live happy, healthy lives

  18. Human Resources Mission Celebrate what is right Serve our customers Be the Best

  19. IPL’s Greening Program • Renewable Energy • Utility Scale Energy Storage • The Electrification of the Transportation Sector • Global Warming, Carbon Cap & Trade and the Waxman-Markey Bill • Smart Grid, Smart Home, Smart Meter…...

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