Manufacturing News
July 16, 2026
July 16, 2026 · Statewide · Story 2 of 4
$33.4 Billion AES Acquisition Faces No Indiana Regulatory Review
The IURC's own affordability report flagged that Indiana has no authority to review the pending $33.4 billion acquisition of AES Corporation, AES Indiana's parent, by a consortium that includes BlackRock's Global Infrastructure Partners, CalPERS, the Qatar Investment Authority, and EQT's Infrastructure VI fund. The deal is expected to close in late 2026 or early 2027, and the commission is asking the General Assembly to expand oversight to cover parent-company mergers. The next concrete milestone is a pair of OUCC technical conferences on August 7, which will set the parameters for Indiana Michigan Power's imminent rate case. Pull your bills and quantify your tracker-driven share before that date.
- For the huddle
What is the next IURC date I should have on my calendar?
August 7, when the OUCC holds two technical conferences. The parameters set that day will define the floor for Indiana Michigan Power's imminent rate case, so pull 12 months of bills and quantify your tracker-driven cost share before then.
- For the huddle
Does the $33.4 billion AES Indiana acquisition need Indiana approval?
No. The IURC's own affordability report confirmed Indiana currently has no authority to review the pending $33.4 billion acquisition of AES Indiana's parent company, and the commission is asking the General Assembly to close that gap. The deal is expected to close in late 2026 or early 2027.
From the brief, July 16, 2026
- IURC Opens Dual Investigations Into ROE and Indiana Utility Tracker Charges
- $33.4 Billion AES Acquisition Faces No Indiana Regulatory Review
- Riverside Mfg. Signals a Second Fort Wayne Expansion
- Kimball Drops "Electronics" as Medical Work Carries the Company
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