Making Strides in Electric Restructuring: Pennsylvania, New York Still Lead Nation

The July update to the RED Index, originally issued in February by the Center for the Advancement of Energy Markets (CAEM), also showed that Pennsylvania and New York continue to be nearly tied for the national lead in electric restructuring, while there are signs that California is retreating from its pro-restructuring policy.

ARLINGTON, Va. and INDIANAPOLIS, Ind.-The AES Corp. and IPALCO Enterprises have entered into an agreement whereby AES will acquire IPALCO Enterprises Inc. for $25.00 per share in a stock-for-stock transaction valued at approximately $2.15 billion plus the assumption of $890 million of debt and preferred stock. IPALCO is a utility holding company headquartered in Indianapolis, Indiana, whose primary subsidiary, Indianapolis Power & Light, is an integrated electric utility that owns and operates 3,000 MW of coal-fired generation and provides retail electric service to 433,000 customers in and around Indianapolis.

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