Pike Co. business parent company getting out of coal industry

Published: Feb. 25, 2022 at 4:39 PM CST|Updated: Feb. 28, 2022 at 11:40 AM CST
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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 its coal to under 10-percent over the next three years.

Thursday’s release didn’t mention how this change will impact the jobs of current AES employees.

A previous version of this story said AES expected to receive $1 Billion in asset sale proceeds. That sale is related to AES Andes, and is unrelated to the AES Location in Petersburg.

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