Indianapolis Power & Light Company prides itself on offering some of the cheapest electricity rates in the United States. Of the 20 largest U.S. cities with investor-owned utilities, Indianapolis had the lowest residential electric bills in 2004. In fact, Indianapolis Power & Light customers paid nearly 30 percent less than the average of the 20 cities. The company provides retail electric service to approximately 460,000 residential, commercial and industrial customers in Indianapolis and surrounding communities. Incorporated in 1926, Indianapolis Power & Light is a subsidiary of AES Corporation, a global energy provider that employs more than 30,000 people.
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