From the Indianapolis Business Journal:
AES Corp., the multinational parent company of Indianapolis Power & Light Co., plans to locate the headquarters of its U.S. operations in Indianapolis, creating up to 100 jobs by the end of 2014.
The 21 AES businesses across the country will transition to operate as one strategic business unit, housed at IPL's existing headquarters on Monument Circle, company officials announced Friday morning. The company expects to invest $1.2 million to align its U.S. operations here.
...
The move comes as IPL plans more than $1 billion in projects to bring its coal-fired power plants into compliance with environmental regulations. It is expecting heavier scrutiny on customer rates as it plans a “fundamental shift” in regulatory strategy.
The Indiana Economic Development Corp. offered AES up to $2.7 million in conditional tax credits and up to $87,500 in training grants, based on the company's job creation plans.
http://www.ibj.com/aes-corp-plans-to-locate-us-operations-hq-in-indianapolis/PARAMS/article/41953
