AES Indiana’s Parent Company to Be Sold, to Go Private

AES Indiana’s parent company AES is being purchased by a group of domestic and foreign investors for 33-billion-dollars.

The utility plans to go private when the sale is closed, alarming Democrats in the Hoosier state.

AES Indiana is currently investor-owned and serves over 500-thousand retail customers.

Congressman Andre Carson says private ownership of the utility will hurt Hoosiers, saying “private firms having a stake in public utilities, an essential service, will put profits over people.”