Welcome to Indy

Geoff Gailey

VP, Human Resources

Indianapolis Power & Light Company

CEWD Summit

October 8, 2009

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

AES Corporation 3/

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

AES Corporation 4/

Our Shared Core Values…

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

Customer Service

Employee Engagement

Environment

Financial

Reliability

Safety

CommunityLeadership

Our operating philosophy…

Human Resources Mission

Recruit, retain & trainCelebrate what is rightServe our customersBe the Best

Talent Management & Retention Plan

Aging Workforce Beat the Baby Boomer Exodus Knowledge transfer Recruit & retain exceptional employees Intern/Co-op program Ivy Tech partnership Total Rewards Employment Brand

Renewable Energy at IPL

Alternatively Fueled Vehicles

Green Power Option

Hoosier Wind Project

RFP For Up To 200 MW of Additional Renewables

Questions