AES Corporation has agreed to a proposed acquisition valued at roughly $33 billion. According to the Indiana Capital Chronicle, a group of domestic and international investors plans to purchase the company for $15 per share. The transaction is expected to be finalized in late 2026 or early 2027. AES is the parent company of AES Indiana, which provides electricity to more than 500,000 customers in Indianapolis and surrounding communities. The company also operates a power plant, solar fields, and a battery energy storage system in Pike County. Some state and federal officials have voiced concerns about the deal. Congressman André Carson questioned the involvement of private investment firms in public utilities, while State Representative Cherrish Pryor raised concerns about the timing of the announcement following the end of the legislative session. Governor Mike Braun said his primary focus in reviewing the deal will be whether it results in lower utility rates for customers.
