Pike Co. business parent company getting out of coal industry
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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