Welcome!

IPL Overview• Founded in 1927• Acquired by AES in March 2001• Currently serves 470,000 residential, commercial

and industrial customers• More than 1,400 employees• 1,360 km2 service territory• Owns and operates 3,492 MW of generating

capacity• Transmission and Distribution Reliability – Best in

Indiana • Over $1 billion gross revenue• Residential rates the lowest among large U.S. cities

served by investor owned utilities• Strong profitability

Our mission!

To serve our customers’ need for electric power in ways that provide exceptional value to our customers, shareholders, people and communities. 

Our vision is aspirational!• To Be The Best electric utility

for the world by balancing excellence in customer service, reliability, rates, shareholder value, environmental performance, safety, employee engagement and community leadership.

Customer Service

Employee Engagement

Environment

Financial

Reliability

Safety

CommunityLeadership

Our operating philosophy…

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Safety - OSHA Rate

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This is a journey…• Focused on balancing the interests of

our stakeholders• Always looking for ways to improve• Using common decision making tools to

make it easy for every to make us better• And enjoying being part of a company

that is adding more value every day• Welcome

AES Corporation…. our journey

IPL New Employee Orientation

AES Corporation 11/

1981 to 1985 – Efforts concentrated on developing ourFirst power plant project in Texas, AES Deepwater. AlsoSigns agreements for other power facilities in California, Oklahoma and Pennsylvania, and pursues other plants in the U.S.

AES Corporation 12/

2001 - 2008 – AES acquires IPL. The industry suffers significantly after a global economic slowdown and loss of investor post-Enron. AES restructures underperforming businesses, divests of others and focuses on excellence inoperations. AES recovers financially and begins to grow once more. The founders exit the company. We begin construction of a large generation project in Bulgaria and complete one in Spain. AES announces plans to invest $1Bby 2010 in the alternative energy sector including wind power,global climate change businesses and liquefied natural gas.

AES Corporation 13/

2009 - The collapse of the U.S. housing market causes aneconomic crisis that is second only to the Great Depression. Similar effects are felt in the rest of the developed world. EvenThe rapidly growing developing countries have sustained reductions in growth fueled by a reduction in demand for exports. Access to capital is closed to many businesses and, when available, is extremely expensive. Despite this environ-ment, AES has been successful in raising financing for severalinternational growth projects. That said, the company and its subsidiaries are taking measures to ensure success through this period.

AES Corporation 14/

AES refreshes its values to add clarity in a new world…

•Put safety first•Act with integrity•Honor commitments•Strive for excellence•Have fun through work

AES Corporation 15/

AES today…

Industry Leadership–Over 25 years of development, construction & operations experience–Operations in 29 countries on 5 continents managing $33B in assets–Global workforce of 28,000 talented people

Diversified portfolio–44 GW generation plants largely contracted under long-term contracts–15 utilities, including IPL–Alternative energy business

Over 1000 MW of wind projects in operationProduction of greenhouse gas emissions credits

Strong Development Pipeline –More than 25,000 MW of core power projects and 4,000 MW of wind projects in the works

Key Services

Total Rewards– Competitive salary

– Exceptional benefits

– Above & beyond

Talent Development– Educational assistance

– Career advancement opportunities

Key Services

Talent Acquisition– Recruit & retain exceptional employees

Payroll & Benefits Administration– Accurate, timely, & efficient

Employee Engagement

Wellness– Help our people live happy, healthy lives

Human Resources Mission

Celebrate what is right

Serve our customers

Be the Best

IPL’s Greening Program

• Renewable Energy• Utility Scale Energy Storage• The Electrification of the

Transportation Sector• Global Warming, Carbon Cap &

Trade and the Waxman-Markey Bill• Smart Grid, Smart Home, Smart

Meter…...