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Indianapolis Power & Light officials announced Wednesday the company will have a new name, AES Indiana.
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Nearly 30 inmates were injured in falls or fights after a power outage plunged a privately operated jail in Indianapolis into darkness and a backup generator failed to kick on, officials said.
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The company has also agreed to reduce the coal plants air emissions, preserve land nearby, and build some kind of green power source there.
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Indianapolis Power & Light plans to close two of its four coal units at its Petersburg plant by 2023. But environmentalists say IPL needs to move away from coal more quickly.
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The Petersburg Generating Station activists want to see closed is a coal-fired power plant in southwest Indiana. It's been in the news as what's called a "super polluter."
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If approved by the Indiana Utility Regulatory Commission, the agreement would hold the fixed, monthly residential customer charge for most customers at its current $17 level.
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Pending regulatory approval, Indianapolis Power & Light says their customers will see about a $5 a month increase in their bills.
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An Indianapolis Power & Light representative says the company wanted to know where customers opposed to the increase were coming from. But some say it was an attempt to discredit opponents.
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IPL forecasts that the plant's capacity factor - or how often it can run - will increase to 70 percent next year. That's up from less than 60 percent in 2015.
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Most IPL customers have to pay a fixed charge of $17 a month, but if the utility gets its wish that would jump to $27 a month.