Pike Co. business parent company getting out of coal industry – 14 News WFIE Evansville

PIKE CO., Ind. (WFIE) – The parent company of a Pike County utility company says it plans to be out of the coal industry by 2025.
The AES Corporation made the announcement in a release Thursday.
AES, which has a location in Petersburg, had originally planned to reduce it’s coal to under 10-percent over the next three years. As part of that accelerated process, the company says it expects to receive $1 billion in asset sale proceeds.
Thursday’s release didn’t mention how this change will impact the jobs of current AES employees.
Copyright 2022 WFIE. All rights reserved.


By Kwetu Buzz

Leave a Reply

Your email address will not be published.