The electric power industry in Indiana includes various companies that generate, transmit, and distribute electricity to residential, commercial, and industrial clients. This sector is experiencing a shift towards sustainable energy solutions, with increased investments in renewable sources like wind and solar. Technological advancements, smart grid implementations, and regulatory changes are current trends driving transformation. Consumers are seeking more energy-efficient alternatives, prompting firms to adapt their services to meet evolving demands. Companies within this industry not only focus on reliability but also prioritize greener energy solutions, reflecting a national movement towards reduced carbon footprints.


Indiana's electric power companies range widely in size, from small local entities to large utilities with thousands of employees. These firms have been founded over decades, primarily from 1902 to 1990, showcasing a rich history in energy provision. Specializations vary, including fossil fuel generation, renewable energy projects, and electrical contracting services. Key locations span urban centers like Indianapolis and smaller communities like Richmond and Kokomo, catering to both local and regional needs. Many companies are privately owned and are making strides into advanced energy technologies and sustainability initiatives.


Discover the top electric power companies thriving in Indiana.


Top 20 Electric Power Companies Companies in Indiana


1. Indiana Michigan Power

  • Website: indianamichiganpower.com
  • Ownership type: Corporate
  • Headquarters: Fort Wayne, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: April 2018
  • Founded year: 1925
  • Headcount: 1001-5000
  • LinkedIn: indiana-michigan-power

Indiana Michigan Power, based in Fort Wayne, Indiana, is an electric utility company that has been serving customers since its founding in 1925. The company provides electricity services to both residential and commercial clients in Indiana and Michigan. Indiana Michigan Power is part of the American Electric Power (AEP) family, which enhances its operational capabilities and resources. The company offers a range of billing and payment solutions, including payment assistance programs designed to help customers manage their energy costs effectively. They also provide energy management resources that empower customers to monitor and reduce their energy usage. In addition to traditional electricity services, Indiana Michigan Power is actively involved in clean energy initiatives, including solar and wind projects, which align with the growing demand for sustainable energy solutions. Their community engagement efforts further illustrate their commitment to improving the areas they serve, making them a relevant player in the electric power industry.


2. Chilquinta Energía S.A.

  • Website: chilquinta.cl
  • Ownership type: Private
  • Headquarters: Valparaiso, Indiana, United States (USA)
  • Employee distribution: Chile 100%
  • Founded year: 1981
  • Headcount: 501-1000
  • LinkedIn: chilquinta-energ-a-s-a-

Chilquinta Energía S.A. is an electric utility company based in Valparaíso, Chile, primarily engaged in the distribution of electricity. Founded in 1981, the company has built a reputation for ensuring reliable access to electric power for both residential and commercial customers. With a workforce of approximately 793 employees, Chilquinta is dedicated to maintaining high service standards and addressing the energy needs of its community. Since 2020, the company has been under the control of the State Grid Corporation of China, which has likely influenced its operational strategies and growth potential. Chilquinta continues to adapt to the evolving energy market, focusing on customer service and infrastructure development to meet the demands of its users.


3. Richmond Power and Light

  • Website: rp-l.com
  • Ownership type: Private
  • Headquarters: Richmond, Indiana, United States (USA)
  • Founded year: 1902
  • Headcount: 51-200
  • LinkedIn: richmond-power-and-light

Richmond Power and Light (RP&L) is an electric utility company based in Richmond, Indiana, established in 1902. The company serves a range of customers, including residential, commercial, and industrial sectors, focusing on delivering reliable electricity and customer support. RP&L is dedicated to enhancing customer experience through various services, such as outage management and billing assistance. They actively promote energy efficiency and renewable energy solutions, reflecting a commitment to sustainable practices. The company also provides educational resources on electrical safety and energy conservation, demonstrating their role in fostering community awareness and engagement in energy matters. With a workforce of approximately 51-200 employees, RP&L continues to adapt to the evolving energy landscape while maintaining a strong local presence.


4. Indiana-Kentucky Electric Corporation


Indiana-Kentucky Electric Corporation (IKEC) is a private electric utility company based in Madison, Indiana. Established in 1952, IKEC operates as a subsidiary of the Ohio Valley Electric Corporation (OVEC). The company primarily focuses on electric power generation through its coal-fired power plants, namely the Clifty Creek and Kyger Creek generating stations. Clifty Creek has a capacity of 1.3 GW, while Kyger Creek has a capacity of 1.1 GW. IKEC is committed to environmental stewardship, having invested over $2 billion in emission control technologies to comply with federal and state regulations. This includes significant investments in systems to reduce nitrogen oxide and sulfur dioxide emissions. The company serves a specific market in the Ohio River Valley, providing reliable electricity to its sponsoring companies and their customers. IKEC's operations are characterized by a strong emphasis on safety and operational excellence, aiming to meet the energy demands of its community while adhering to environmental standards.


5. Indianapolis Power & Light Company

  • Website: iplpower.com
  • Ownership type: Private
  • Headquarters: Indianapolis, Indiana, United States (USA)
  • Founded year: 1927
  • Headcount: 1001-5000
  • LinkedIn: iplpower

Indianapolis Power & Light Company, now known as AES Indiana, is an energy utility company based in Indianapolis, Indiana. Founded in 1927, the company has evolved to provide electricity services to over 500,000 customers, including both residential and commercial sectors. AES Indiana is dedicated to enhancing customer experience through innovative solutions such as renewable energy options, energy efficiency programs, and smart grid technology. Their initiatives include various programs that assist customers in managing their energy consumption and reducing costs. The company is also involved in community support, partnering with local organizations to promote sustainability and provide assistance to those in need. AES Indiana's focus on modernizing the electric grid and investing in local growth further underscores its commitment to being a responsible and forward-thinking utility provider.


6. J&J Electric of Indiana Inc


J&J Electric of Indiana Inc, based in Kokomo, Indiana, has been a significant player in the electrical services industry since its inception in 1990. The company specializes in providing a wide array of electrical solutions, including industrial, commercial, and utility services. Their clientele spans various sectors, including businesses, hospitals, schools, and government entities, showcasing their ability to meet diverse electrical needs. J&J Electric is particularly known for its emergency power solutions and storm restoration services, ensuring that clients can rely on them during critical times. The company prides itself on its commitment to safety and quality, having achieved over one million hours of accident-free work. Their involvement in national and local organizations highlights their dedication to staying current with industry advancements and best practices. With a workforce of 39 employees, J&J Electric maintains a strong local presence while delivering high-quality electrical services tailored to the specific requirements of their clients.


7. Huston Electric, Inc

  • Website: hustonelectric.com
  • Ownership type: Family Owned
  • Headquarters: Kokomo, Indiana, United States (USA)
  • Employee distribution: United States (USA) 93%, Lebanon 3%, China 3%
  • Founded year: 1939
  • Headcount: 501-1000
  • LinkedIn: huston-electric-inc

Huston Electric, Inc., based in Kokomo, Indiana, is a family-owned electrical contracting firm that has been serving clients since 1939. With a workforce of around 177 employees, the company specializes in a broad spectrum of electrical services, including contracting, maintenance, and prefabrication. Huston Electric has established itself as a key player in the industry by offering innovative solutions such as solar energy installations and electric vehicle (EV) charging stations. The company caters to a variety of sectors, including residential, commercial, and industrial markets, ensuring that it meets the unique electrical needs of each client. Huston Electric is also committed to safety and compliance, adhering to industry standards and regulations. Its focus on sustainable energy practices and community involvement further solidifies its position in the electric power industry.


8. Bianchi Electric, a MasTec Company

  • Website: bianchielectric.com
  • Ownership type: Private
  • Headquarters: Indianapolis, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2017
  • Headcount: 201-500
  • LinkedIn: bianchi-electric

Bianchi Electric, a MasTec Company, is an electrical utility contractor based in Indianapolis, Indiana. Founded in 2017, the company specializes in high-voltage electrical projects, offering comprehensive services that include engineering, construction management, and utility installation. Bianchi Electric is dedicated to ensuring the safe and efficient delivery of electrical services across various projects, particularly in the transmission and distribution sectors. They have worked on numerous large-scale projects throughout the United States, including significant wind energy initiatives. Their client base includes municipalities, cooperatives, and renewable energy producers, reflecting their role in supporting the growing demand for sustainable energy solutions. As part of MasTec, Bianchi Electric benefits from a robust network and resources, enhancing their ability to tackle complex electrical challenges.


9. White Construction LLC, a MasTec Company

  • Website: whiteconstruction.com
  • Ownership type: Family Owned
  • Headquarters: Clinton, Indiana, United States (USA)
  • Employee distribution: United States (USA) 98%, Canada 2%
  • Founded year: 1947
  • Headcount: 1001-5000
  • LinkedIn: white-construction-llc

White Construction LLC, a MasTec Company, is a family-owned construction firm based in Clinton, Indiana, with a history dating back to 1947. Initially starting as a trucking and excavating company, White Construction has evolved into a prominent player in the renewable energy sector. The company specializes in infrastructure projects, particularly in wind and solar energy. They offer a comprehensive range of services, including project management, site preparation, and the construction of energy facilities. Their clientele primarily consists of utility companies and renewable energy developers who depend on their expertise to execute complex projects efficiently. With a workforce that includes over 1,500 craft union workers, White Construction has built a reputation for quality and safety in their operations. They have successfully completed numerous high-profile projects, including the construction of significant wind and solar farms across the United States. As part of MasTec's Clean Energy and Infrastructure segment, White Construction leverages the resources and capabilities of its parent company to enhance its service offerings and project execution.


10. Alpha Engineering, Inc

  • Website: alphaeng.us
  • Ownership type: Private
  • Headquarters: Indianapolis, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1979
  • Headcount: 11-50
  • LinkedIn: alpha-engineering-inc

Alpha Engineering, Inc. is an engineering firm based in Indianapolis, Indiana, established in 1979. With a workforce of 11 to 50 employees, the company specializes in providing power and energy solutions tailored to the needs of its clients. Their service offerings include renewable energy design, substation engineering, line design, system planning, and power quality analysis. They serve a variety of clients, including electric utilities, industrial clients, and municipal electric departments, focusing on delivering reliable and efficient energy solutions. Alpha Engineering is committed to helping clients navigate the complexities of energy needs, ensuring that their projects are not only effective but also sustainable. Their expertise in smart grid technology and GIS mapping further enhances their capability to support modern energy demands. The firm has built a reputation for technical excellence and high customer satisfaction, reflecting their dedication to the power distribution industry.


11. Jefferson Electric


Jefferson Electric, founded in 2011 and based in Speedway, Indiana, is a private service company that specializes in solar energy, electrical solutions, and energy storage. With a workforce of 11-50 employees, the company focuses on helping homeowners, businesses, and organizations achieve energy independence and sustainability. Their offerings include residential and commercial solar panel installations, electrical upgrades, and energy storage solutions. Jefferson Electric has established itself in the Indiana and Ohio markets, servicing over 500 customers and accumulating more than 150,000 hours of experience in the field. They have partnered with Tesla Energy to provide installation services for battery storage systems and electric vehicle chargers, further solidifying their role in the renewable energy sector. The company prides itself on its commitment to customer satisfaction and professional excellence, aiming to empower clients through innovative energy solutions.


12. IEA Renewable Energy

  • Website: iea.net
  • Ownership type: Private
  • Headquarters: Indianapolis, Indiana, United States (USA)
  • Founded year: 1977
  • Headcount: 1001-5000
  • LinkedIn: iea-renewable-energy

IEA Renewable Energy, based in Indianapolis, Indiana, is a private infrastructure construction company founded in 1977. With a workforce of over 450 employees, IEA specializes in energy and heavy civil projects, focusing on renewable energy construction, power delivery, and environmental services. The company has a strong track record in the renewable energy sector, having completed more than 23.5 gigawatts of wind power projects across North America. Their services cover the entire lifecycle of energy projects, from initial site analysis and project design to construction and long-term service. IEA's clients include energy developers and utility companies, who rely on their expertise to navigate complex infrastructure challenges. The company is committed to safety and quality, ensuring that projects are completed on time and within budget while minimizing environmental impact.


13. Gaylor Electric, Inc.

  • Website: gaylor.com
  • Ownership type: Family Owned
  • Headquarters: Indianapolis, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1984
  • Headcount: 1001-5000
  • LinkedIn: gaylor-inc-

Gaylor Electric, Inc., founded in 1984 and based in Indianapolis, Indiana, is a family-owned electrical contractor specializing in electrical construction and engineering services. With a workforce of over 1,300 employees, the company serves a variety of sectors, including commercial, industrial, and healthcare. Gaylor Electric is dedicated to providing reliable electrical infrastructure and offers 24/7 support to its clients. Their services range from electrical construction and engineering to innovative manufacturing and utility services. The company emphasizes building strong client relationships and delivering tailored solutions to meet specific customer needs. Gaylor Electric has also made strides in sustainability, offering services such as energy audits and EV charging station installations, which reflect their commitment to modern energy solutions.


14. Jay Bee industries

  • Website: jaybeetransformers.com
  • Ownership type: Private
  • Headquarters: Indianapolis, Indiana, United States (USA)
  • Employee distribution: India 100%
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: jay-bee-industries

Jay Bee Industries, founded in 1999 and based in Indianapolis, Indiana, is a private manufacturer specializing in transformers and electrical services. The company has developed a robust portfolio that includes power transformers, solar inverter transformers, and servo voltage stabilizers. With a workforce of around 18 employees, Jay Bee Industries operates with a commitment to quality and customer satisfaction. Their clientele spans government utilities and various industrial sectors, showcasing their capability to meet the needs of both public and private entities. The company has established manufacturing units in Panchkula and Nalagarh, India, and has supplied over 200,000 transformers, demonstrating significant operational capacity. Jay Bee Industries is ISO 9001:2015 certified, reflecting their adherence to international quality standards. Their focus on energy-efficient and environmentally friendly solutions positions them as a relevant player in the electric power industry.


15. Ohio Valley Electric, INC

  • Website: ohiovalleysolar.com
  • Ownership type: Private
  • Headquarters: Newburgh, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1997
  • Headcount: 1-10
  • LinkedIn: ohio-valley-electric-inc

Ohio Valley Electric, INC, known as Ohio Valley Solar, is a privately owned solar energy company based in Newburgh, Indiana. Founded in 1997, the company specializes in solar panel installation and energy efficiency solutions, catering to both residential and commercial customers in Indiana and Kentucky. Ohio Valley Solar aims to help clients reduce their energy costs while promoting sustainability through renewable energy sources. The company offers a range of services, including grid-tied and off-grid solar systems, LED lighting installations, and whole house solar generators. With a focus on educating consumers about solar energy, Ohio Valley Solar is committed to providing reliable and cost-effective energy solutions that contribute to reducing reliance on fossil fuels. The company operates with a small team, emphasizing personalized service and community engagement.


16. DANNAR, Inc.

  • Website: dannar.us.com
  • Ownership type: Private
  • Headquarters: Muncie, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2011
  • Headcount: 11-50
  • LinkedIn: dd-dannar-llc

DANNAR, Inc., based in Muncie, Indiana, is a private manufacturer established in 2011. The company specializes in creating mobile power stations and heavy-duty electric work vehicles. Their products cater to businesses and organizations in sectors like construction and emergency services, offering zero-emission solutions that improve operational efficiency and sustainability. DANNAR's Mobile Power Stations (MPS) are designed to replace traditional single-use work vehicles, providing a versatile platform that can be configured for various tasks. The company integrates advanced technology into its products, aiming to transform mobile work and energy systems. DANNAR is committed to enhancing community resilience and air quality through its innovative electric solutions, which are capable of powering hydraulic tools and serving as mobile microgrids. Their focus on clean energy and intelligent design positions them as a significant player in the electric power industry.


17. Gillette Generators, Inc.


Gillette Generators, Inc., founded in 1972 and based in Elkhart, Indiana, is a manufacturer of power generation solutions. The company specializes in producing a range of standby and prime power generators tailored for various sectors, including healthcare, oil and gas, and telecommunications. With a focus on reliability and performance, Gillette's products are engineered to meet the critical power needs of their clients. They operate from a facility that spans 75,000 square feet, emphasizing their commitment to quality manufacturing. The company has a strong emphasis on customer satisfaction, aiming to exceed expectations through their products and services. Gillette Generators has established itself as a trusted name in the industry, providing essential power solutions that ensure operational continuity for their customers.


18. Aces

  • Website: acespower.com
  • Ownership type: Private
  • Headquarters: Carmel, Indiana, United States (USA)
  • Employee distribution: United States (USA) 92%, Saudi Arabia 3%, Portugal 3%, Other 2%
  • Founded year: 1999
  • Headcount: 201-500
  • LinkedIn: aces-excellence-in-energy

ACES, founded in 1999 and based in Carmel, Indiana, is an energy management company that specializes in energy risk management and transaction execution. The firm operates on a collaborative model, acting as an agent for its clients, which include electric cooperatives, municipalities, and independent power generators. ACES does not own any commodities, such as power or natural gas, which allows them to provide unbiased advice and services tailored to their clients' needs. They manage energy portfolios for clients representing an annual peak load of over 55,000 MW and execute billions of dollars in energy transactions each year. ACES is committed to helping its clients navigate the complexities of energy markets, ensuring efficient management of their energy resources while minimizing risk. Their operations span across various markets in the United States, and they maintain a strong focus on compliance and ethical practices in their dealings.


19. Midwestern Electric, LLC.

  • Website: midwesternelectricinc.com
  • Ownership type: Private Equity
  • Headquarters: East Chicago, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: November 2021
  • Founded year: 1971
  • Headcount: 51-200
  • LinkedIn: midwestern-electric-inc.

Midwestern Electric, LLC is an electrical contractor based in East Chicago, Indiana, with a history dating back to 1971. The company specializes in providing commercial and industrial electrical services, traffic signal maintenance, and renewable energy solutions. They serve a wide array of clients, including municipalities and businesses across Indiana and the Chicago area. Midwestern Electric is committed to delivering safe, reliable, and cost-effective services, operating 24/7 to meet the needs of their clients. Their expertise extends to various sectors, including utilities and fiber optics, and they have a strong focus on clean energy projects such as solar and wind installations. With a dedicated team of professionals, Midwestern Electric has built a reputation for quality workmanship and professional integrity in every project they undertake.


20. ElectriCom, LLC

  • Website: electricominc.com
  • Ownership type: Private
  • Headquarters: Paoli, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: $3.7M, December 2020
  • Founded year: 1960
  • Headcount: 501-1000
  • LinkedIn: electricom-llc-

ElectriCom, LLC, founded in 1960 and based in Paoli, Indiana, is a utility service provider that specializes in telecommunications and power solutions. The company plays a crucial role in enhancing the quality of life in rural communities across the United States by providing essential utility services. ElectriCom offers a range of services, including the construction, maintenance, and emergency response for power lines, distribution systems, and substations. Their expertise extends to telecommunications infrastructure, where they focus on updating and optimizing services for rural areas. With a workforce of approximately 600 employees and a network of subcontractors, ElectriCom is dedicated to delivering high-quality solutions tailored to the needs of the communities they serve. The company has also received funding, with a reported amount of $3,719,500 in December 2020, indicating ongoing investment in their operations and capabilities.



Electric Power Companies Insights: Key Companies in Indiana


CompanyHeadquarterSizeFoundedOwnership
Indiana Michigan PowerFort Wayne, Indiana, United States (USA)1001-50001925Corporate
Chilquinta Energía S.A.Valparaiso, Indiana, United States (USA)501-10001981Private
Richmond Power and LightRichmond, Indiana, United States (USA)51-2001902Private
Indiana-Kentucky Electric CorporationMadison, Indiana, United States (USA)1-101952Private
Indianapolis Power & Light CompanyIndianapolis, Indiana, United States (USA)1001-50001927Private
J&J Electric of Indiana IncKokomo, Indiana, United States (USA)11-501990Private
Huston Electric, IncKokomo, Indiana, United States (USA)501-10001939Family Owned
Bianchi Electric, a MasTec CompanyIndianapolis, Indiana, United States (USA)201-5002017Private
White Construction LLC, a MasTec CompanyClinton, Indiana, United States (USA)1001-50001947Family Owned
Alpha Engineering, IncIndianapolis, Indiana, United States (USA)11-501979Private
Jefferson ElectricSpeedway, Indiana, United States (USA)11-502011Private
IEA Renewable EnergyIndianapolis, Indiana, United States (USA)1001-50001977Private
Gaylor Electric, Inc.Indianapolis, Indiana, United States (USA)1001-50001984Family Owned
Jay Bee industriesIndianapolis, Indiana, United States (USA)51-2001999Private
Ohio Valley Electric, INCNewburgh, Indiana, United States (USA)1-101997Private
DANNAR, Inc.Muncie, Indiana, United States (USA)11-502011Private
Gillette Generators, Inc.Elkhart, Indiana, United States (USA)11-501972Private
AcesCarmel, Indiana, United States (USA)201-5001999Private
Midwestern Electric, LLC.East Chicago, Indiana, United States (USA)51-2001971Private Equity
ElectriCom, LLCPaoli, Indiana, United States (USA)501-10001960Private


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