8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 16, 2021

IPALCO ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

Indiana

(State or other jurisdiction of incorporation)

1-8644

(Commission File Number)

35-1575582

(IRS Employer Identification No.)

One Monument Circle

Indianapolis, Indiana 46204

(Address of principal executive offices, including zip code)

317-261-8261

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
N/A	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01     Other Events.

On June 16, 2021, Indianapolis Power & Light Company, a subsidiary of IPALCO Enterprises, Inc. (“IPALCO”) and The AES Corporation and which does business as AES Indiana (“AES Indiana”), announced that the Indiana Utility Regulatory Commission (“IURC”) issued an order approving AES Indiana’s planned acquisition and development of a 195 megawatt solar project in Clinton County, Indiana that is expected to be completed in 2023.

A copy of AES Indiana’s press release announcing the IURC order is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1 Press Release, dated June 16, 2021

Forward-Looking Statements

This Report and the Press Release contain forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements include, but are not limited to, statements regarding management’s intents, beliefs, and current expectations and typically contain, but are not limited to, the terms “anticipate,” “potential,” “expect,” “forecast,” “target,” “will,” “would,” “intend,” “believe,” “project,” “estimate,” “plan,” and similar words. Such forward-looking statements include, but are not limited to, statements with respect to the acquisition and development of the solar project, construction and operation timelines, renewable generation and capacity, or other anticipated matters in connection therewith. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute current expectations based on reasonable assumptions.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties, and other factors. Important factors that could affect actual results are discussed in IPALCO’s filings with the Securities and Exchange Commission, including, but not limited to, the risks discussed under Item 1A “Risk Factors” in IPALCO’s 2020 Annual Report on Form 10-K. Readers are encouraged to read IPALCO’s filings to learn more about the risk factors associated with IPALCO’s businesses. IPALCO undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Any security holder who desires copies of IPALCO’s periodic reports filed with the Securities and Exchange Commission may obtain copies (excluding Exhibits) without charge by addressing a request to the Office of the Secretary, IPALCO Enterprises, Inc., One Monument Circle, Indianapolis, IN 46204. Exhibits also may be requested, but a charge equal to the reproduction cost thereof may be made. Copies of such reports also may be obtained by visiting AES Indiana’s website at www.aesindiana.com.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

                    IPALCO Enterprises, Inc.

Date: June 16, 2021	By:	/s/ Judi L. Sobecki
	Name:	Judi L. Sobecki
	Title:	Vice President and General Counsel

EX-99.1

News release

Media Contact: Kelly Young

317-209-4264 • kelly.young@aes.com

IURC approves AES Indiana agreement to acquire 195-megawatt solar project in Clinton Co.

INDIANAPOLIS, June 16, 2021 -- AES Indiana, a subsidiary of the AES Corporation (NYSE: AES), received an order today from the Indiana Utility Regulatory Commission (IURC) approving the Company’s plan to acquire the Hardy Hills 195-megawatt solar project in Clinton County, Ind. This is the next step in AES Indiana’s transformation todeliver greener, smarter energy solutions.

“This is an important moment for AES Indiana which advances our investments in renewables here in the state,” said Kristina Lund, AES Indiana President and CEO. “We are accelerating the future of energy by diversifying our portfolio to include renewables and conventional fuel sources and prioritizing major investments to modernize our energy grid.”

Construction on the project is expected to begin in the fall of 2021 and reach commercial operation in 2023. The project will generate enough electricity to power more than 30,000 homes during peak hours.

AES Indiana’s most recent Integrated Resource Plan (IRP) indicates that solar projects such as Hardy Hills will provide long-term savings to our customers. Customers will experience benefits such as lower fuel and maintenance costs, risk reduction from the diversification of energy sources, and improved environmental and sustainability performance.

“The Hardy Hills solar project is an example of how AES Indiana’s investments in new technologies can help our customers achieve their most important objectives, including reliability, affordability and sustainability,” said Lund.

An extensive process which included an all-source request for proposals led AES Indiana to Chicago-based Invenergy, a leading global developer and operator of sustainable energy solutions. Invenergywill develop the project and manage construction. This project is expected to create 200 temporary construction jobs and provide landowners in the area lasting economic benefits.

News release

______________

About AES Indiana

AES Indiana, an AES Company, provides retail electric service to more than 500,000 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 Twitter, Facebook, and LinkedIn. For more information about how AES Indiana is accelerating the future of energy, visit aesindiana.com/hellofuture.

About Invenergy

We are innovators building a sustainable world. Invenergy and its affiliated companies develop, own, and operate large-scale sustainable energy generation and storage facilities in the Americas, Europe and Asia. Invenergy's home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Colombia, Japan, Poland and Scotland. Invenergy has successfully developed more than 29,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, natural gas power generation facilities, and advanced energy storage projects as well as transmission infrastructure. For more information, please visit www.invenergy.com.

XML

Cover Page	Jun. 16, 2021
Entity Information [Line Items]
Entity Emerging Growth Company	false
Document Type	8-K
Document Period End Date	Jun. 16, 2021
Entity Registrant Name	IPALCO ENTERPRISES, INC.
Entity Incorporation, State or Country Code	IN
Entity File Number	1-8644
Entity Tax Identification Number	35-1575582
Entity Address, Address Line One	One Monument Circle
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46204
City Area Code	317
Local Phone Number	261-8261
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Central Index Key	0000728391
Amendment Flag	false