INDIANAPOLIS, Ind., April 23, 2026 – AES Indiana, a subsidiary of The AES Corporation (NYSE: AES), filed today under HEA 1007 outlining how its proposal protects residential and small business customers as large-load growth accelerates across Central Indiana. In line with Indiana Governor Mike Braun’s commitment to utility ratepayer affordability, the agreement to serve Google’s proposed data center in Monrovia includes Google paying 100 percent of its own energy use and any new infrastructure required to serve them, ensuring no costs are borne by AES Indiana’s existing residential and small business customers. Based on current modeling, serving the proposed Google data center through a customer-specific contract is expected to benefit existing customers by delivering over $770 million in customer savings over the next 15 years.
In March, AES Indiana appeared before the Indiana Utility Regulatory Commission (IURC) during the public meeting on energy affordability. AES Indiana shared how responsible growth—when structured with strong customer protections—can put downward pressure on customer bills over time.
“At a time when customers are feeling pressure from rising costs, our responsibility is to ensure that growth works for them not against them,” said Brandi Davis-Handy, President of AES Indiana. “Affordability is one of Indiana’s five core energy pillars, and it is central to our planning and decision making. The framework provided by the legislature allows us to meet new demand responsibly by protecting customers while continuing to deliver reliable, affordable energy for Central Indiana.”
“At Google, we believe that being part of a community means contributing to its stability and growth,” said Will Conkling, Region Head of Google Data Center Energy. “This filing represents a landmark model for how data centers and utilities can partner to drive economic development while strictly protecting ratepayers. We are proud to support a plan that brings new jobs and infrastructure to Indiana while ensuring that the cost of progress is borne entirely by us, not the families and small businesses of Central Indiana.”
In addition to protecting customers, the proposal supports long-term economic development across Indiana. Meeting this new demand will require approximately $1.3 billion in new energy infrastructure investment in the state by supporting long-term construction jobs, supply chain activity, and local tax base growth while ensuring those costs are fully borne by Google and not existing AES Indiana customers.
Customer protections included in the HEA 1007 filing
HEA 1007, passed by the Indiana General Assembly in 2025, requires utilities to demonstrate that large-load customers fully fund the infrastructure and generation needed to serve them. Within AES Indiana’s filing:
- Google will pay for 100 percent of the energy its data centers will use, and any new infrastructure costs driven by their growth, preventing shifting costs to existing customers.
- The Customer Specific Contract (CSC) with Google includes financial assurances, minimum demand commitments, and exit provisions, ensuring customers are not left with stranded costs if circumstances change.
Strengthening the grid for all customers
In addition to strong cost protections, AES Indiana’s filing supports long‑term reliability for existing customers by enabling proactive, phased infrastructure planning as demand grows. By allowing infrastructure to be planned and built in coordination with long‑term system needs, rather than through reactive upgrades, the filing improves system flexibility and resilience while maintaining reliability across Central Indiana.
Key reliability benefits include:
- Phased system investments aligned with long-term grid needs.
- Improved system resilience and flexibility to support reliability during peak demand and extreme weather.
- Modernized infrastructure planning that strengthens the overall grid while maintaining reliability across Central Indiana.
All proposed investments remain subject to IURC review and approval. AES Indiana anticipates receiving an order from the IURC this September. This agreement aligns with the White House Ratepayer Protection Pledge that was announced earlier this year with the goal of protecting ratepayers, creating long-term jobs, and keeping the grid reliable as businesses grow.
For more information about AES Indiana’s plans to power Central Indiana’s growth responsibly, visit aesindiana.com/datacenters.
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About AES Indiana
AES Indiana, an AES Company, provides retail electric service to more than 530,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, AES Indiana has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please connect with AES Indiana on X, Facebook and LinkedIn. For more information about how AES Indiana is accelerating the future of energy, visit aesindiana.com.
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