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IPL and DP&L Announce Resignation of President and CEO Craig Jackson

December 5, 2018

INDIANAPOLIS, Ind. & DAYTON, Ohio--(BUSINESS WIRE)--Dec 5, 2018--The AES Corporation (NYSE: AES) United States Strategic Business Unit (US SBU) announced today that Indianapolis Power & Light Company (IPL) and Dayton Power and Light Company (DP&L) President and CEO Craig Jackson has resigned to spend more time with his family and begin exploring new career opportunities. Jackson will leave the Company effective December 31, 2018. The Company has begun a search for Jackson’s successor.

“My thanks go out to Craig for his unwavering commitment to delivering value and superior service to our customers,” said Lisa Krueger, AES US SBU President. “As a result of Craig’s leadership, we refocused our business strategy in DP&L and exited the generation business in Ohio. At IPL, we’ve invested over $2 billion in ‘greening’ our generation portfolio and providing reliable and affordable energy to IPL customers.”

“I am proud of all the accomplishments we’ve made together at AES over the past seven years,” said Jackson. “It’s been an honor to serve the people of Indianapolis and Dayton and the surrounding communities by providing reliable and affordable energy.”

Jackson joined AES as part of the DPL acquisition in 2011. Over the last seven years, Jackson has held numerous leadership positions prior to his current role as IPL and DP&L President and CEO, including US SBU CFO and DP&L CFO.

About The AES Corporation, IPL and DP&L.

The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 15 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2017 revenues were $11 billion and we own and manage $33 billion in total assets. To learn more, please visit www.aes.com . Follow AES on Twitter @TheAESCorp.

Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 490,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit or connect with us at , or .

The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL), a regional energy provider and an AES company. DPL’s significant subsidiaries include The Dayton Power and Light Company, AES Ohio Generation, LLC (AES Ohio Gen), Miami Valley Insurance Company (MVIC), and Miami Valley Lighting, LLC (MVLt). The Dayton Power and Light Company, a regulated electric utility, provides service to over 520,000 customers in West Central Ohio; MVIC, a captive insurance company, provides insurance services to DPL and its subsidiaries, and MVLt maintains outdoor lighting to governments and businesses. AES Ohio Gen co-owns merchant generation facilities. For more information about the company, please visit . Connect with DP&L at , , and at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005828/en/

CONTACT: Claire Rice

Indianapolis Power & Light Company

Media Line: 317.261.5905

claire.rice@aes.comMary Ann Kabel

Dayton Power and Light Company

Media Line: 937.224.5940

mary.kabel@aes.com

KEYWORD: UNITED STATES NORTH AMERICA INDIANA OHIO

INDUSTRY KEYWORD: ENERGY UTILITIES

SOURCE: The AES Corporation

Copyright Business Wire 2018.

PUB: 12/05/2018 04:01 PM/DISC: 12/05/2018 04:01 PM

http://www.businesswire.com/news/home/20181205005828/en

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