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.

source

By Kwetu Buzz

Leave a Reply

Your email address will not be published.