The ratings on IPALCO Enterprises Inc. reflect its consolidated credit profile including its regulated subsidiary Indianapolis Power & Light Co. (IPL). The ratings also reflect the company's excellent business profile and its highly leveraged financial profile. As of Sept. 30, 2008, the Indianapolis based IPALCO had about $1.7 billion of total debt outstanding. IPALCO through its regulated utility transmits, distributes, and sells electricity to more than 465,000 customers in the city of Indianapolis and neighboring areas within Indiana. The company also generates about 3,400 megawatts (MW) of which more than 75% is coal and the balance is either natural gas or oil. IPALCO is a subsidiary of AES Corp. (BB-/Stable/--), who is a global power company that owns and operates...
Companies mentioned in this report are: IPALCO Enterprises Inc.
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