----

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |
| INDIANA                                                        |   | 35-1575582 |
| (State or Other Jurisdiction of Incorporation or Organization) |   | (I.R.S. Employer Identification Number) |
|                                                           | IPALCO ENTERPRISES, INC. One Monument Circle Indianapolis, Indiana 46204 |   |
| (Address of Principal Executive Offices)                       |
|                                                           | 317-261-8261 |   |
| (Registrant’s telephone number, including area code)     |
| Securities registered pursuant to Section 12(b) of the Act:    |
| None                                                           |
| Securities registered pursuant to Section 12(g) of the Act:    |
| None                                                           |

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|                                        |
|----------------------------------------|
|                                        |  |  |  |
|                                   |   |   | Page |
|                                   |   |   |   |
| PART III                               |   |   | 1 |
|      ITEM 10. |   | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE | 1 |
|      ITEM 11. |   | EXECUTIVE COMPENSATION | 6 |
|      ITEM 12. |   | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND |   |
|                                   |   |      MANAGEMENT AND RELATED STOCKHOLDER MATTERS | 31 |
|      ITEM 13. |   | CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND |   |
|                                   |   |      DIRECTOR INDEPENDENCE | 32 |
| PART IV                                |   |   | 35 |
|      ITEM 15. |   | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES | 35 |
| SIGNATURES                             |   |   | 38 |

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|                   |
|-------------------|
|                   |  |  |
| Name              | Age | Position |
| Kenneth Zagzebski | 56 | Director, President and Chief Executive Officer of IPALCO Director, Interim President and Chief Executive Officer of IPLPresident, US SBU |
| Craig Jackson     | 43 | Director and Chief Financial Officer of IPALCO Chief Financial Officer US SBUVice President and Chief Financial Officer of IPL |
| Andrew Horrocks   | 61 | Director, IPALCO Chief Operating Officer, US SBU |
| Michael Mizell    | 48 | Director, IPALCO and DPL Midwest Market Business Leader, US SBU |
| Salil Pradhan     | 48 | Vice President, Commercial Operations, US SBU |
| Judi Sobecki      | 44 | Secretary and General Counsel of IPALCO and the US SBUVice President, Secretary and General Counsel of IPL |
| James Valdez      | 45 | Vice President Human Resources, US SBU |

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----

|         |                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Kenneth Zagzebski, our President and Chief Executive Officer, President of the US SBU, and interim President and Chief Executive Officer of IPL; |

|         |                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------|
| • | Craig Jackson, our Chief Financial Officer, Chief Financial Officer of the US SBU and Vice President and Chief Financial Officer of IPL; |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | Andrew Horrocks, Chief Operating Officer of the US SBU; |

|         |                                                                   |
|---------|-------------------------------------------------------------------|
| • | Michael Mizell, Midwest Market Business Leader of the US SBU; and |

|         |                                                              |
|---------|--------------------------------------------------------------|
| • | James Valdez, Vice President, Human Resources of the US SBU. |

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|         |                                                                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our compensation program allocates a significant portion of each NEO’s total compensation to short- and long-term performance goals. As such, payouts are dependent upon the strategic, financial, and operational performance of AES and the US SBU, which includes IPALCO and IPL, and the performance of the AES stock price; |

|         |                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our compensation program is continually reviewed to ensure that it meets our objectives and executive compensation philosophy and remains competitive; and |

|         |                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We generally do not provide perquisites to our NEOs.  Mr. Horrocks received certain expatriate benefits in 2015, as described in further detail below. |

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|         |              |
|---------|--------------|
| • | base salary; |

|         |                                                                      |
|---------|----------------------------------------------------------------------|
| • | performance-based, short-term annual cash bonuses under the PI Plan; |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | cash-based incentive awards granted under the LTC Plan; |

|         |                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------|
| • | equity incentive awards granted under the LTC Plan in AES equity, for which there is a public market; and |

|         |                                                                                 |
|---------|---------------------------------------------------------------------------------|
| • | other broad-based benefits, such as retirement and health and welfare benefits. |

|         |                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| • | individual performance against pre-set goals and objectives for the year, US SBU performance (which includes IPALCO and IPL) and AES performance; |

|         |                                      |
|---------|--------------------------------------|
| • | individual experience and expertise; |

|         |                                         |
|---------|-----------------------------------------|
| • | position and scope of responsibilities; |

|         |                                                                      |
|---------|----------------------------------------------------------------------|
| • | an individual’s future prospects with the Company and AES; and |

|         |                                                                    |
|---------|--------------------------------------------------------------------|
| • | how changes to one compensation element affect total compensation. |

----

----

|                      |
|----------------------|
|                      |  |  |  |  |  |
| Measurement Category | Target | Actual Result | Weight | Final Score(as % of Target) |
| Safety               | •    Workplace safety incidents•    Improvement in lost time incident (LTI) case rate•    Monthly safety walk targets•    Monthly safety meeting attendance | •    Safety incidents occurred during year•    2015 LTI case rates did not fully meet expectations•    Number of safety walks exceeded target•    Monthly safety meeting attendance exceeded target | 10% | 25%(qualitative assessment) |
| Financial            | •    Adjusted EPS* (20% weight):  $1.30•    Proportional Free Cash Flow* (20% weight):  $1,175 million•    Parent Free Cash Flow* (10% weight):  $525 million | •    Adjusted EPS: $1.22•    Proportional Free Cash Flow: $1,241 million•    Parent Free Cash Flow: $531 million | 50% | 96% |
| Operational KPIs     | Generation KPIs•    Commercial availability (32.5%)•    Equivalent forced outage factor (24.9%)•    Equivalent availability factor (22.2%)•    Heat rate (16.2%)•    Days sales outstanding (4.2%)Distribution KPIs•    System Average Interruption Duration Index (40.8%)•    System Average Interruption Frequency Index (30%)•    Non-technical losses (4.9%)•    Customer service (13.7%)•    Days sales outstanding (10.6%) | •    Operational KPI Score of 104 | 15% | 104% |
| Strategic Objectives |  Construction (10% weight)•    Advance construction program on time / on budgetNew Growth Projects (10% weight)•    2,000 MW of growth including green-field development, M&A, and Energy StorageAdjacencies (5% weight)•    150 MW target for continued development of Adjacencies in Energy Storage and Desalinization Project advancement | Advance Construction Programs•    On time score:  97.42%•    On budget score:  97.65%New Growth Projects•    783 MW plus LNG storage tank and regasification facility in PanamaAdjacencies•    68 MW of energy storage•    Desalinization projects advancing in line with plan | 25% | 68% |
|                 | Overall AES Performance Score 83% |

----

|                      |
|----------------------|
|                      |  |  |  |  |  |
| Measurement Category | Target | Actual Result | Weight | Final Score(as % of Target) |
| Safety               | •    No fatalities•    LTI Rate for AES people and operational contractors•    Safety meeting attendance (95%)•    Safety walks (10,584) | •    No fatalities•    2015 LTI case rate slightly below target for both AES people and operational contractors•    Number of safety walks exceeded target•    Monthly safety meeting attendance exceeded target | 10% | 85%(qualitative assessment) |
| Financial            | •    Adjusted Pretax Contribution*           (40% weight):  $440.1 million•    Proportional Free Cash Flow*           (40% weight):  $643.5 million•    Subsidiary Distributions*           (20% weight):  $443.4 million | •    Adjusted Pretax Contribution:  $361.1 million•    Proportional Free Cash Flow:  $600.1 million•    Subsidiary Distributions:  $412 million | 50% | 89% |
| Operational KPIs     | Distribution KPIs•    System Average Interruption Duration Index (50% weight)•    System Average Interruption Frequency Index (30% weight)•    Customer satisfaction (10% weight)•    Days sales outstanding (10% weight)Generation KPIsThermal•    Equivalent forced outage factor (25.8% weight)•    Commercial availability (37% weight)•    Equivalent Availability Factor (17.4% weight)•    Heat rate (Btu/kWh) (19.8% weight)Wind (1.9% weight)•    Equivalent forced outage factor (40% weight)•    Net capacity factor (10% weight)•    Commercial availability (50% weight) | •    Distribution KPIs exceeded target•    Thermal Generation KPIs were below target•    Wind Generation KPIs were below tartget | 15% | 83% |
| Strategic Objectives | •    Advanced Construction Program (50% weight)•    New Growth Projects and Adjacencies (50% weight) | Advance Construction Programs:  130% of target•Progressed on schedule with the development of energy storage and other alternative energy projects•Progressed major IPL construction projects favorable to budget and scheduleNew Growth Projects and Adjacencies:  70% of target•Battery storage growth was less than expected•Completed viability analysis of desalinization project•Advanced review of corporate development project opportunities | 25% | 100%(qualitative assessment) |
|                 | Overall US SBU Performance Score 90% |

----

|                   |
|-------------------|
|                   |  |  |  |  |
|              |   |   | Actual 2015 Annual Incentive Cash Award |
| NEO               | 2015 Target Annual Incentive ($) | 2015 Target Annual Incentive (% of base salary) | Dollar Value | % of Target Annual Incentive |
| Kenneth Zagzebski | $315,619 | 85% | $307,169 | 97% |
| Craig Jackson     | $161,453 | 60% | $137,132 | 85% |
| Andrew Horrocks   | $116,243 | 50% | $ 97,703 | 84% |
| Michael Mizell    | $159,908 | 60% | $142,893 | 89% |
| James Valdez      | $104,310 | 50% | $ 89,520 | 86% |

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |
| Performance Level                                   | Vesting Percentage |
| Below 75% of Performance Target                     | 0% |
| Equal to 100% of Performance Target                 | 100% |
| Equal to or greater than 125% of Performance Target | 200% |

|                                                     |
|-----------------------------------------------------|
|                                                     |  |
| Performance Level                                   | Vesting Percentage |
| Below 75% of Performance Target                     | 0% |
| Equal to 100% of Performance Target                 | 100% |
| Equal to or greater than 125% of Performance Target | 200% |

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |
| AES 3-Year Total Stockholder Return Percentile Rank | Vesting Percentage |
| Below 30th percentile                               | 0 | % |
| Equal to 30th percentile                            | 50 | % |
| Equal to 50th percentile                            | 100 | % |
| Equal to or above the 90th percentile               | 200 | % |

|                   |
|-------------------|
|                   |  |  |  |  |
|              | February 2015 Long-Term Compensation Expected Target Grant Value |
| Name              | As % of Base Salary | Dollar Amount |
| Kenneth Zagzebski | 115% | $ | 414,577 |  |
| Craig Jackson     | 65% | $ | 167,375 |  |
| Andrew Horrocks   | 60% | $ | 130,897 |  |
| Michael Mizell    | 65% | $ | 167,375 |  |
| James Valdez      | 80% | $ | 152,000 |  |

----

|                 |
|-----------------|
|                 |  |  |  |
|            |   | % of Target Vested Based on: |
| NEO             | Target Number of Performance Cash Units | Cumulative EBITDA less CapEx | Final Vested Value |
| Craig Jackson   |                     70,500 | 86.37% |  $                 60,891 |
| Michael Mizell  |                     56,250 | 86.37% |  $                 48,583 |
| Andrew Horrocks |                     67,176 | 86.37% |  $                 58,020 |

|                   |
|-------------------|
|                   |  |  |  |  |  |
|              |   | % of Target Vested Based on: | Final Shares Vested |
| NEO               | Target Number of Performance Stock Units | Relative AES Total Stockholder Return | Cumulative EBITDA less CapEx | Number Of Shares | % of Original Target |
| Kenneth Zagzebski |                     16,216 | 0% | 86.37% |              7,002 | 43.18% |

----

----

|                   |
|-------------------|
|                   |  |  |
| Renaud Faucher    | Paul Freedman | Andrew Horrocks |
| Craig Jackson     | Michael Mizell | Thomas O’Flynn |
| Olivier Renault   | Richard Sturges | Margaret Tigre |
| Kenneth Zagzebski |   |   |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name and Principal Position (a)                          | Year(b) | Salary ($) (c)(1) | Stock Awards ($) (d)(2) | Option Awards ($) (e)(3) | Non-Equity Incentive Plan Compensation ($)(f)(4) | Change In Pension Value ($) (g)(5) | All Other Compensation ($) (h)(6) | Total ($)(i) |
| Kenneth ZagzebskiPresident and CEO                       | 2015 | $ | 370,984 |  | $ | 258,307 |  | $ | 107,272 |  | $ | 307,169 |  | $ | — |  | $ | 36,557 |  | $ | 1,080,289 |  |
|                                                     | 2014 | $ | 360,219 |  | $ | 285,596 |  | $ | 100,171 |  | $ | 545,927 |  | $ | — |  | $ | 34,323 |  | $ | 1,326,236 |  |
|                                                     | 2013 | $ | 355,388 |  | $ | 270,690 |  | $ | 78,236 |  | $ | 453,255 |  | $ | — |  | $ | 31,282 |  | $ | 1,188,851 |  |
|                                                     |   |   |   |   |   |   |   |   |
| Craig JacksonCFO                                         | 2015 | $ | 268,731 |  | $ | 83,682 |  | $ | — |  | $ | 198,023 |  | $ | 12,829 |  | $ | 9,275 |  | $ | 572,540 |  |
|                                                     | 2014 | $ | 257,299 |  | $ | 81,255 |  | $ | — |  | $ | 219,477 |  | $ | 132,286 |  | $ | 16,492 |  | $ | 706,809 |  |
|                                                     | 2013 | $ | 244,635 |  | $ | 70,505 |  | $ | — |  | $ | 260,400 |  | $ | — |  | $ | 22,024 |  | $ | 597,564 |  |
|                                                     |   |   |   |   |   |   |   |   |
| Andrew HorrocksCOO, US SBU                               | 2015 | $ | 252,273 |  | $ | 65,443 |  | $ | — |  | $ | 155,723 |  | $ | — |  | $ | 51,917 |  | $ | 525,356 |  |
|                                                     | 2014 | $ | 237,994 |  | $ | 68,732 |  | $ | — |  | $ | 203,577 |  | $ | — |  | $ | 234,458 |  | $ | 744,761 |  |
|                                                     |   |   |   |   |   |   |   |   |
| Michael Mizell    Midwest Market Business Leader, US SBU | 2015 | $ | 266,236 |  | $ | 83,682 |  | $ | — |  | $ | 191,476 |  | $ | 6,632 |  | $ | 9,275 |  | $ | 557,301 |  |
|                                                     | 2014 | $ | 257,299 |  | $ | 81,255 |  | $ | — |  | $ | 175,728 |  | $ | 8,798 |  | $ | 20,787 |  | $ | 543,867 |  |
|                                                     | 2013 | $ | 250,000 |  | $ | 56,252 |  | $ | — |  | $ | 189,720 |  | $ | 6,236 |  | $ | 124,671 |  | $ | 626,879 |  |
|                                                     |   |   |   |   |   |   |   |   |
| James ValdezVice President Human Resources, US SBU       | 2015 | $ | 208,047 |  | $ | 76,001 |  | $ | — |  | $ | 89,520 |  | $ | — |  | 17,196 |  | $ | 390,764 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The base salary earned by each NEO during fiscal years 2015, 2014 or 2013, as applicable. Compensation information for a NEO is given for the earliest of the last three completed years that the officer was a NEO of the Company and all subsequent completed years.  We have also included 2013 compensation for any individual who was a NEO in both 2014 and 2015, and an executive officer of IPALCO in 2013. The compensation disclosed in this table represents the full amount of compensation paid to each NEO and is not limited to the portion of each NEO’s compensation allocated to and paid by IPALCO. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Aggregate grant date fair value of performance stock units granted to Mr. Zagzebski in the year, and restricted stock units granted to all NEOs in the year, which are computed in accordance with Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) Topic 718, “Compensation - Stock Compensation” (“FASB ASC Topic 718”), disregarding any estimate of forfeitures related to service-based vesting conditions. A discussion of the relevant assumptions made in the valuation may be found in the financial statements, footnote 18 to the financial statements, or Management’s Discussion & Analysis, as appropriate, contained in the AES Annual Report on Form 10-K for the year ended December 31, 2015 (“AES Form 10-K”), which also includes information for 2013 and 2014. Based on the stock price at grant and assuming the maximum market and financial performance conditions are achieved, the maximum value of the performance stock units granted to Mr. Zagzebski in fiscal year 2015 and payable following completion of the 2015-2017 performance period is 34,868 units or $414,581. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Aggregate grant date fair value of stock options granted in the year, which are computed in accordance with FASB ASC Topic 718. The aggregate grant date fair value disregards any estimates of forfeitures related to service-based vesting conditions. A discussion of the relevant assumptions made in the valuation may be found in the financial statements, footnote 18 to the financial statements, or Management’s Discussion & Analysis, as appropriate, contained in the AES Form 10-K, which also includes information for 2013 and 2014. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | The value of all non-equity incentive plan awards earned during the 2015, 2014, and 2013 fiscal years and paid in 2016, 2015, and 2014, respectively, which includes awards earned under our PI Plan (our annual incentive plan) and awards earned for the three-year performance periods ending December 31, 2015, 2014 and 2013, respectively, for our cash-based performance units granted under the LTC Plan. The following chart shows the breakdown of awards under these two plans for each NEO. |

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|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |
| Name              | Year | Annual IncentivePlan Award | Payouts for PerformanceUnit Award | Total Non- Equity Incentive Plan Compensation |
| Kenneth Zagzebski | 2015 | $ | 307,169 |  | $ | — |  | $ | 307,169 |  |
|              | 2014 | $ | 411,900 |  | $ | 134,027 |  | $ | 545,927 |  |
|              | 2013 | $ | 424,236 |  | $ | 29,019 |  | $ | 453,255 |  |
|              |   |   |   |   |
| Craig Jackson     | 2015 | $ | 137,132 |  | $ | 60,891 |  | $ | 198,023 |  |
|              | 2014 | $ | 199,691 |  | $ | 19,786 |  | $ | 219,477 |  |
|              | 2013 | $ | 260,400 |  | $ | — |  | $ | 260,400 |  |
|              |   |   |   |   |
| Andrew Horrocks   | 2015 | $ | 97,703 |  | $ | 58,020 |  | $ | 155,723 |  |
|              | 2014 | $ | 135,348 |  | $ | 68,229 |  | $ | 203,577 |  |
|              |   |   |   |   |
| Michael Mizell    | 2015 | $ | 142,893 |  | $ | 48,583 |  | $ | 191,476 |  |
|              | 2014 | $ | 175,728 |  | $ | — |  | $ | 175,728 |  |
|              | 2013 | $ | 189,720 |  | $ | — |  | $ | 189,720 |  |
|              |   |   |   |   |
| James Valdez      | 2015 | $ | 89,520 |  | $ | — |  | $ | 89,520 |  |
|              |   |   |   |   |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Messrs. Jackson and Mizell participate in the DP&L Retirement Income Plan.  The pension plan change in value for Messrs. Jackson and Mizell is provided for the years indicated.   For 2013, Mercer, actuary for the DP&L Retirement Income Plan, calculated the 2013 Change in Pension Value by first calculating the Present Value of Accumulated Benefits as of December 31, 2013, and 2012 based on the valuation census data and the assumptions as documented and set forth under the Pension Benefits table in this Amendment.  For Mr. Jackson, while the accrued benefit increased from December 31, 2012 to December 31, 2013, the pension value decreased by $7,256 over the same period due to an increase in the discount rate from 4.04% to 4.86%.  Messrs. Zagzebski, Horrocks and Valdez do not participate in an employer sponsored pension plan. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | All Other Compensation includes employer contributions to both qualified and nonqualified defined contribution retirement plans.  The following chart shows the breakdown of contributions under these plans for each NEO.  For 2015, other compensation for Mr. Horrocks is compensation he receives as an expatriate such as auto allowance ($4,800), home visits ($5,767), housing ($37,019), and tax preparation services ($4,331).  Mr. Horrocks also received a gross-up of U.S. taxes for 2015, which was fully offset by amounts deducted from his compensation by AES in 2015 and as such these amounts are not included in the table.  For 2014, (i) other compensation for Messrs. Jackson and Mizell includes relocation and related expenses for relocating to Indianapolis, Indiana, (ii) other compensation for Mr. Horrocks includes relocation and related expenses for relocating to the United States, together with compensation he receives as an expatriate such as auto allowance, home visits, housing, and tax preparation services. Mr. Horrocks also received a gross-up of taxes for 2014 that exceeded amounts deducted from his compensation by AES in 2014 by $45,287, which amount is included in the table for 2014 compensation. |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name              | Year | Employer Contribution to Qualified Defined Contribution Plans | Employer Contribution to Nonqualified Defined Contribution Plans | Other | Total Other Compensation |
| Kenneth Zagzebski | 2015 | $ | 21,050 |  | $ | 15,507 |  | $ | — |  | $ | 36,557 |  |
|              | 2014 | $ | 28,300 |  | $ | 6,023 |  | $ | — |  | $ | 34,323 |  |
|              | 2013 | $ | 27,750 |  | $ | 3,532 |  | $ | — |  | $ | 31,282 |  |
|              |   |   |   |   |   |
| Craig Jackson     | 2015 | $ | 9,275 |  | $ | — |  | $ | — |  | $ | 9,275 |  |
|              | 2014 | $ | 8,723 |  | $ | — |  | $ | 7,769 |  | $ | 16,492 |  |
|              | 2013 | $ | 7,414 |  | $ | — |  | $ | 14,610 |  | $ | 22,024 |  |
|              |   |   |   |   |   |
| Andrew Horrocks   | 2015 | $ | — |  | $ | — |  | $ | 51,917 |  | $ | 51,917 |  |
|              | 2014 | $ | — |  | $ | 21,919 |  | $ | 212,539 |  | $ | 234,458 |  |
|              |   |   |   |   |   |
| Michael Mizell    | 2015 | $ | 9,275 |  | $ | — |  | $ | — |  | $ | 9,275 |  |
|              | 2014 | $ | 9,100 |  | $ | — |  | $ | 11,687 |  | $ | 20,787 |  |
|              | 2013 | $ | 6,515 |  | $ | — |  | $ | 118,156 |  | $ | 124,671 |  |
|              |   |   |   |   |   |
| James Valdez      | 2015 | $ | 17,196 |  | $ |  | $ | — |  | $ | 17,196 |  |

----

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|              |   |   | Estimated Future Payouts Under  Non-Equity Incentive Plan Awards |   | Estimated Future Payouts Under Equity Incentive Plan Awards (3) | All Other Stock Awards: Number of Shares of Stock or Units(#)(4) | All Other Option Awards: Number of Securities Underlying Options (#)(5) | Exercise or Base Price of Option Awards ($/Sh) | Grant Date Fair Value of Stock and Option Awards ($)(6) |
| Name              | Grant Date | Units | Threshold ($) | Target ($) | Maximum ($) |   | Threshold (#) | Target (#) | Maximum (#) |
| Kenneth Zagzebski |   |   | $ | 157,810 |  | $ | 315,619 |  | $ | 631,239 |  | (1) |   |   |   |   |   |   |   |
|              | 20-Feb-15 |   |   |   |   |   | 4,359 | 17,434 | 34,868 |   |   |   | $ | 175,386 |  |
|              | 20-Feb-15 |   |   |   |   |   |   |   |   | 6,974 |   |   | $ | 82,921 |  |
|              | 20-Feb-15 |   |   |   |   |   |   |   |   |   | 51,822 | $ | 11.89 |  | $ | 107,272 |  |
| Craig Jackson     |   |   | $ | 80,726 |  | $ | 161,453 |  | $ | 322,906 |  | (1) |   |   |   |   |   |   |   |
|              | 20-Feb-15 | 83,688 | $ | 0 |  | $ | 83,688 |  | $ | 167,376 |  | (2) |   |   |   |   |   |   |   |
|              | 20-Feb-15 |   |   |   |   |   |   |   |   | 7,038 |   |   | $ | 83,682 |  |
| Andrew Horrocks   |   |   | $ | 58,121 |  | $ | 116,243 |  | $ | 232,485 |  | (1) |   |   |   |   |   |   |   |
|              | 20-Feb-15 | 65,449 | $ | 0 |  | $ | 65,449 |  | $ | 130,898 |  | (2) |   |   |   |   |   |   |   |
|              | 20-Feb-15 |   |   |   |   |   |   |   |   | 5,504 |   |   | $ | 65,443 |  |
| Michael Mizell    |   |   | $ | 79,954 |  | $ | 159,908 |  | $ | 319,816 |  | (1) |   |   |   |   |   |   |   |
|              | 20-Feb-15 | 83,688 | $ | 0 |  | $ | 83,688 |  | $ | 167,376 |  | (2) |   |   |   |   |   |   |   |
|              | 20-Feb-15 |   |   |   |   |   |   |   |   | 7,038 |   |   | $ | 83,682 |  |
| James Valdez      |   |   | $ | 52,155 |  | $ | 104,310 |  | $ | 208,620 |  | (1) |   |   |   |   |   |   |   |
|              | 20-Feb-15 | 76,000 | $ | 0 |  | $ | 76,000 |  | $ | 152,000 |  | (2) |   |   |   |   |   |   |   |
|              | 20-Feb-15 |   |   |   |   |   |   |   |   | 6,392 |   |   | $ | 76,001 |  |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Each NEO received an award under the PI Plan (our annual cash incentive plan) in 2015. The first row of data for each NEO shows the threshold, target and maximum award under the PI Plan. For the PI Plan, the threshold award is 50% of the target award, and the maximum award is 200% of the target award. The extent to which awards are payable depends upon AES’ performance against goals established in the first quarter of the fiscal year. This award was paid in the first quarter of 2016 and the actual payout amounts are shown in footnote 4 to the Summary Compensation Table. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Each NEO other than Mr. Zagzebski received a grant of performance units on February 20, 2015, which were awarded under the LTC Plan and are paid in cash. These units vest based on both market and financial performance conditions, and service conditions. The financial performance condition is based on the EBITDA less CapEx metric for the three-year period ending December 31, 2017 (as more fully described in the CD&A of this Amendment). At threshold, the vesting percentage is 0%. At maximum performance, the vesting percentage is 200%. Straight-line interpolation is applied for performance between the threshold and target and between the target and maximum. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Mr. Zagzebski received a grant of performance stock units on February 20, 2015 awarded under the LTC Plan. These units vest based on both market and financial performance conditions, and service conditions and are paid in AES stock. The market condition, which applies to half the award is based on AES Total Stockholder Return as compared to the Total Stockholder Return of the S&P 500 Utility companies for the three-year period ending December 31, 2017 (as more fully described in the CD&A of this Amendment). At threshold performance the vesting percentage is 50%. At maximum performance, the vesting percentage is 200%. Straight-line interpolation is applied for performance between the threshold and target and between the target and maximum. The financial performance condition which applies to the other half of the award is based on the EBITDA less CapEx metric for the three-year period ending December 31, 2017 (as more fully described in the CD&A of this Amendment). At threshold performance the vesting percentage is 0%. At maximum performance, the vesting percentage is 200%. Straight-line interpolation is applied for performance between the threshold and target and between the target and maximum. |

|     |                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Each NEO received restricted stock units on February 20, 2015 awarded under the LTC Plan. These units vest on a service-based condition in which one-third of the restricted stock units vest on each of the first three anniversaries of the grant. |

|     |                                                                                                                                                                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Mr. Zagzebski received stock options on February 20, 2015 awarded under the LTC Plan. The stock options vest on a service-based condition in which one-third of the stock options vest and become exercisable on each of the first three anniversaries of the grant. |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Aggregate grant date fair value of performance stock units, restricted stock units and stock options granted during 2015, which are computed in accordance with FASB ASC Topic 718 disregarding any estimates of forfeitures related to service-based vesting conditions. A discussion of the relevant assumptions made in the valuations may be found in the financial statements, footnote 18 to the financial statements, or Management’s Discussion & Analysis, as appropriate, contained in the AES Form 10-K. |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |
|              | Option Awards |   | Stock Awards |
| Name(a)           | Number of Securities Underlying Unexercised Options (#) Exercisable(b) | Number of Securities Underlying Unexercised Options (#) Unexercisable(c) | Option Exercise Price ($)(e) | Option Expiration Date(f) |   | Number of Shares or Units of Stock That Have Not Vested (#)(g)(4) | Market Value of Shares or Units of Stock That Have Not Vested ($)(h) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(i)(5) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(j) |
| Kenneth Zagzebski | 4,902 |  | — |  |   | $18.87 | 22-Feb-18 |   |   |   |   |   |
|              | 23,600 |  | 11,801 |  | (1) | $11.17 | 15-Feb-23 |   |   |   |   |   |
|              | 10,087 |  | 20,176 |  | (2) | $14.63 | 21-Feb-24 |   |   |   |   |   |
|              | — |  | 51,822 |  | (3) | $11.89 | 20-Feb-25 |   | 12,804 | $  122,534 | 31,190 | $    298,488 |
| Craig Jackson     |   |   |   |   |   |   | 12,845 | $122,927 |   |   |
| Andrew Horrocks   | 4,045 |  | — |  |   | $17.58 | 24-Feb-16 |   |   |   |   |   |
|              | 3,544 |  | — |  |   | $22.28 | 23-Feb-17 |   |   |   |   |   |
|              | 3,690 |  | — |  |   | $18.87 | 22-Feb-18 |   | 10,641 | $101,834 |   |   |
| Michael Mizell    |   |   |   |   |   |   | 12,420 | $ 118,859 |   |   |
| James Valdez      |   |   |   |   |   |   | 6,392 | $  61,171 |   |   |

|     |                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Option grant made on February 15, 2013 vests in three equal installments on the following dates: February 15, 2014, February 15, 2015 and February 15, 2016. |

|     |                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Option grant made on February 21, 2014 vests in three equal installments on the following dates: February 21, 2015, February 21, 2016 and February 21, 2017. |

|     |                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Option grant made on February 20, 2015 vests in three equal installments on the following dates:  February 20, 2016, February 20, 2017 and February 20, 2018. |

|     |                                                                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Included in this column are grants of restricted stock units that vest in three equal installments on the first three anniversaries of grant.  These awards include: |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Included in this column are performance stock units granted to Mr. Zagzebski on February 21, 2014 and February 20, 2015, which vest based on market and financial performance conditions (AES three-year cumulative Total Stockholder Return relative to S&P 500 Utility companies and EBITDA less CapEx, each weighted 50%) and three-year service conditions (but only when and to the extent the market and financial performance conditions are met). |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |
|              | Option Awards | Stock Awards (1) |
| Name (a)          | Number of Shares Acquired on Exercise (#)(b) | Value Realized on Exercise ($)(c) | Number of Shares Acquired on Vesting (#)(d) | Value Realized on Vesting ($)(e) |
| Kenneth Zagzebski | — |  | $ | — |  | 14,344 |  | $ | 153,404 |  |
| Craig Jackson     | — |  | $ | — |  | 4,449 |  | $ | 52,712 |  |
| Andrew Horrocks   | — |  | $ | — |  | 5,274 |  | $ | 62,222 |  |
| Michael Mizell    | — |  | $ | — |  | 3,530 |  | $ | 41,921 |  |
| James Valdez      | — |  | $ | — |  | — |  | $ | — |  |

|     |                                                                                                          |
|-----|----------------------------------------------------------------------------------------------------------|
| (1) | Vesting of stock awards in 2015 consisted of four separate grants, as set forth in the following tables: |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |
| Name              | 2/15/13 PSUs (i) | 2/17/12 RSUs (ii) | 2/15/13 RSUs (iii) | 2/21/14 RSUs (iv) | Total |
| Kenneth Zagzebski | 7,002 |  | 3,346 |  | 2,162 |  | 1,834 |  | 14,344 |  |
| Craig Jackson     | — |  | 494 |  | 2,104 |  | 1,851 |  | 4,449 |  |
| Andrew Horrocks   | — |  | 1,703 |  | 2,005 |  | 1,566 |  | 5,274 |  |
| Michael Mizell    | — |  | — |  | 1,679 |  | 1,851 |  | 3,530 |  |
| James Valdez      | — |  | — |  | — |  | — |  | — |  |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name              | 2/15/13 PSUs (i) | 2/17/12 RSUs (ii) | 2/15/13 RSUs (iii) | 2/21/14 RSUs (iv) | Total |
| Kenneth Zagzebski | $ | 67,009 |  | $ | 38,948 |  | $ | 25,641 |  | $ | 21,806 |  | $ | 153,404 |  |
| Craig Jackson     | $ | — |  | $ | 5,750 |  | $ | 24,954 |  | $ | 22,008 |  | $ | 52,712 |  |
| Andrew Horrocks   | $ | — |  | $ | 19,823 |  | $ | 23,779 |  | $ | 18,620 |  | $ | 62,222 |  |
| Michael Mizell    | $ | — |  | $ | — |  | $ | 19,913 |  | $ | 22,008 |  | $ | 41,921 |  |
| James Valdez      | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i) | The February 15, 2013 performance stock unit grant vested based on two conditions.  The first was based on AES Total Stockholder Return (50%) relative to companies in the S&P 500 Utilities Index and the second was based on AES EBITDA less CapEx financial metric (50%) for the three year period ended December 31, 2015 which resulted in a payout of 43.18% of target.  Final certification of results and distribution of shares occurred in the first quarter of 2016.  For purposes of this Amendment, the performance stock units vested at that performance level as of December 31, 2015 at the closing stock price of $9.57. |

|      |                                                                                                                                                                                                                       |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii) | The February 17, 2012 restricted stock unit grant vests in three equal installments on the anniversary of the grant. The vesting of the third installment occurred on February 17, 2015 at a vesting price of $11.64. |

|       |                                                                                                                                                                                                                        |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii) | The February 15, 2013 restricted stock unit grant vests in three equal installments on the anniversary of the grant. The vesting of the second installment occurred on February 15, 2015 at a vesting price of $11.86. |

|      |                                                                                                                                                                                                                        |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv) | The February 21, 2014 restricted stock unit grant vests in three equal installments on the anniversary of the grant.  The vesting of the first installment occurred on February 21, 2015 at a vesting price of $11.89. |

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |
| Name (a)              | Plan Name (b) | Number of Years Credited Service (#) (c)(2) | Present Value of Accumulated Benefit ($) (d)(3)(4) |
| Kenneth Zagzebski (1) | — | — |  | — |  |
| Craig Jackson         | DP&L Retirement Income Plan | 15 |  | $ | 362,802 |  |
| Andrew Horrocks (1)   | — | — |  | — |  |
| Michael Mizell        | DP&L Retirement Income Plan | 3 |  | $ | 21,666 |  |
| James Valdez (1)      | — | — |  | — |  |

|     |                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------|
| (1) | Messrs. Zagzebski, Horrocks and Valdez do not participate in an employer-sponsored pension plan. |

|     |                                                                                                                  |
|-----|------------------------------------------------------------------------------------------------------------------|
| (2) | Assumes 1,000 hours earned in plan years 2000-2015 for Mr. Jackson, and for plan years 2013-2015 for Mr. Mizell. |

|     |                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------|
| (3) | Based on the census data as reported by DPL for valuation purposes and the following assumptions: |

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |
| Measurement Date                                | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 |
| Discount Rate                                   | 4.49% | 4.02% | 4.86% | 4.04% |
| Cash Balance Interest Credit                    | 3.79% | 3.80% | 3.79% | N/A |
| Post-retirement Mortality                       | MRP 2007 projected generationally with MSS-2007 | MRP 2007 projected generationally with MSS-2007 | RP 2000 projected generationally with Scale AA | RP 2000 projected generationally with Scale AA |
| Pre-retirement Mortality                        | None | None | None | None |
| Withdrawal                                      | None | None | None | None |
| Retirement Age - Pre - 2011                     | 62 | 62 | 62 | 62 |
| Form of Payment -  Pre - 2011 hires   | Single Life Annuity | Single Life Annuity | Single Life Annuity | Single Life Annuity |
| Retirement Age - Post - 2010                    | 65 | 65 | 65 | 65 |
| Form of Payment -   Post - 2010 hires | Lump Sum | Lump Sum | Lump Sum | Lump Sum |

|             |
|-------------|
|             |  |  |
|        | Date of Birth | Date of Hire |
| Mr. Jackson | 9/29/72 | 2/14/2000 |
| Mr. Mizell  | 4/27/67 | 11/13/12 |

|               |
|---------------|
|               |  |  |  |  |  |  |  |  |  |
| Compensation: |
| Year          | Mr. Jackson | Mr. Mizell | IRS Maximum Compensation |
|          |   |   |   |
| 2015          | $ | 265,000 |  | $ | 265,000 |  | $ | 265,000 |  |
| 2014          | $ | 260,000 |  | $ | 260,000 |  | $ | 260,000 |  |
| 2013          | $ | 244,635 |  | $ | 250,000 |  | $ | 255,000 |  |
| 2012          | $ | 222,692 |  | $ | 4,808 |  | $ | 250,000 |  |
| 2011          | $ | 200,877 |  | N/A |  | $ | 245,000 |  |
| 2010          | $ | 189,731 |  | N/A |  | $ | 245,000 |  |
|          |   |   |   |

|     |                                                                                                                                                                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | For Mr. Jackson, the Present Value of Accumulated Benefit calculations includes the $187.50 monthly supplemental benefit payable from age 62 to age 65. For Mr. Mizell, the Present Value of Accumulated Benefits equals the cash balance account at December 31, 2015. |

----

----

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name (a)(1)       | Executive Contributions in Last Fiscal Year ($)(b) | Employer Contributions in Last Fiscal Year ($)(c)(2) | Aggregate Earnings in Last Fiscal Year ($)(d) | Aggregate Withdrawals/Distributions ($)(e) | Aggregate Balance at Last FYE ($)(f)(3) |
| Kenneth Zagzebski | $ | 2,600 |  | $ | 15,507 |  | $ | (5,996 | ) | $ | — |  | $ | 25,555 |  |
| Craig Jackson     | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Andrew Horrocks   | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Michael Mizell    | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| James Valdez      | $ | 26 |  | $ | — |  | $ | (1 | ) | $ | — |  | $ | 25 |  |

|     |                                                                                                                                                                                                                                                                                                                                                |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Messrs. Jackson, Horrocks and Mizell are eligible to participate in the AES Corporation Restoration Supplemental Retirement Plan (RSRP) but do not currently participate in this plan.  Because Messrs. Jackson and Mizell do not participate in the AES 401(k) plan, they are not eligible to receive an employer match on RSRP contributions |

|     |                                                                                                                                                                                                                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents employer contributions to the RSRP in 2015. The amount reported in this column, as well as the employer’s additional contributions to the AES or DPL 401(k) plans, are included in the amounts reported in the 2015 row of the “All Other Compensation” column of the Summary Compensation Table. |

|     |                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | In the 2013 and 2014 rows of the Summary Compensation Table, the amounts of $3,532 and $6,023 were previously reported for Mr. Zagzebski. |

----

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |
|                           |                              Termination |
| Name                           | Voluntary or for Cause | Without Cause | In Connection with Change in Control | Death | Disability | Change in Control Only (No Termination) |
| Kenneth Zagzebski              |   |   |   |   |   |   |
| Cash Severance (1)             | $0 | $371,317 | $742,634 | $0 | $0 | $0 |
| Accelerated Vesting of LTC (2) | $0 | $421,022 | $421,022 | $421,022 | $421,022 | $421,022 |
| Benefits Continuation (3)      | $0 | $16,202 | $24,302 | $0 | $0 | $0 |
| Outplacement Assistance (4)    | $0 | $25,000 | $25,000 | $0 | $0 | $0 |
| Total                          | $0 | $833,542 | $1,212,958 | $421,022 | $421,022 | $421,022 |
| Craig Jackson                  |   |   |   |   |   |   |
| Cash Severance (1)             | $0 | $269,088 | $538,176 | $0 | $0 | $0 |
| Accelerated Vesting of LTC (2) | $0 | $287,865 | $287,865 | $287,865 | $287,865 | $287,865 |
| Benefits Continuation (3)      | $0 | $14,907 | $22,361 | $0 | $0 | $0 |
| Outplacement Assistance (4)    | $0 | $25,000 | $25,000 | $0 | $0 | $0 |
| Total                          | $0 | $596,860 | $873,402 | $287,865 | $287,865 | $287,865 |
| Andrew Horrocks                |   |   |   |   |   |   |
| Cash Severance (1)             | $0 | $232,485 | $232,485 | $0 | $0 | $0 |
| Accelerated Vesting of LTC (2) | $0 | $236,020 | $236,020 | $236,020 | $236,020 | $236,020 |
| Benefits Continuation (3)      | $0 | $21,257 | $21,257 | $0 | $0 | $0 |
| Outplacement Assistance (4)    | $0 | $0 | $0 | $0 | $0 | $0 |
| Total                          | $0 | $489,762 | $489,762 | $236,020 | $236,020 | $236,020 |
| Michael Mizell                 |   |   |   |   |   |   |
| Cash Severance (1)             | $0 | $266,513 | $533,026 | $0 | $0 | $0 |
| Accelerated Vesting of LTC (2) | $0 | $283,797 | $283,797 | $283,797 | $283,797 | $283,797 |
| Benefits Continuation (3)      | $0 | $16,202 | $24,302 | $0 | $0 | $0 |
| Outplacement Assistance (4)    | $0 | $25,000 | $25,000 | $0 | $0 | $0 |
| Total                          | $0 | $591,512 | $866,125 | $283,797 | $283,797 | $283,797 |
| James Valdez                   |   |   |   |   |   |   |
| Cash Severance (1)             | $0 | $69,540 | $69,540 | $0 | $0 | $0 |
| Accelerated Vesting of LTC (2) | $0 | $137,171 | $137,171 | $137,171 | $137,171 | $137,171 |
| Benefits Continuation (3)      | $0 | $4,865 | $4,865 | $0 | $0 | $0 |
| Outplacement Assistance (4)    | $0 | $0 | $0 | $0 | $0 | $0 |
| Total                          | $0 | $211,576 | $211,576 | $137,171 | $137,171 | $137,171 |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | In addition to the amounts reflected in the above table, a pro rata bonus, to the extent earned, would be payable to Messrs. Zagzebski, Jackson and Mizell upon a termination without cause or a qualifying termination following a change in control. Pro rata bonus amounts are not included in the above table because, as of December 31, 2015, the service and performance conditions under AES’ 2015 annual incentive plan would have been satisfied, so such amounts would be paid irrespective of whether a termination or change in control occurs. |

----

|     |                                                                             |
|-----|-----------------------------------------------------------------------------|
| (2) | Accelerated vesting of Long-Term Compensation (“LTC”) includes: |

|         |                                                                                           |
|---------|-------------------------------------------------------------------------------------------|
| • | The in-the-money value of unvested stock options granted in February 2013, 2014 and 2015; |

|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| • | The value of outstanding restricted stock units granted in February 2013, 2014 and 2015; and |

|         |                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------|
| • | The value of unvested performance units granted in February 2014 and 2015, at the target payout level. |

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name                          | Zagzebski | Jackson | Horrocks | Mizell | Valdez |
| Long-Term Award Type:         |   |   |   |   |   |
| Stock Options                 | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Performance Stock Units       | $ | 298,488 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Restricted Stock Units        | $ | 122,534 |  | $ | 122,927 |  | $ | 101,834 |  | $ | 118,859 |  | $ | 61,171 |  |
| Performance Units             | $ | — |  | $ | 164,938 |  | $ | 134,186 |  | $ | 164,938 |  | $ | 76,000 |  |
| Total Accelerated LTC Vesting | $ | 421,022 |  | $ | 287,865 |  | $ | 236,020 |  | $ | 283,797 |  | $ | 137,171 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Upon a termination without cause or a qualifying termination following a change in control, the NEO may receive continued medical, dental and vision benefits. The value of this benefits continuation is based on the share of premiums paid by the employer on each NEO’s behalf in 2015, based on the coverage in place at the end of December 2015. For the benefit continuation period, each NEO is responsible for paying the portion of premiums previously paid as an employee. |

|     |                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Upon a termination without cause or a qualifying termination following a change in control, Messrs. Zagzebski, Jackson and Mizell are eligible for outplacement benefits. The estimated value of this benefit is $25,000. |

|         |                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Salary continuation payments equal to the NEO’s annual base salary, which would be paid over time in accordance with our payroll practices and the terms of the Severance Plan; |

|         |                                                                                                                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | An additional payment equal to a pro rata portion of the NEO’s annual cash bonus, to the extent earned, based upon the time the NEO was employed during the year in which his or her employment terminates, provided that applicable performance conditions are met; |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In the event that the NEO elects COBRA coverage under the health plan in which he or she participates, we would pay an amount of the premium he or she pays for such coverage (for up to 12 months) equal to the premium we pay for active employees. The Company would also provide the NEO with continuation of dental and vision benefit programs, with the NEO paying the same portion of the premiums as were previously paid as an employee; |

|         |                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The NEO will be provided with outplacement services provided by an independent agency, provided that the benefit is incurred by and may not extend beyond December 31 of the second calendar year following the calendar year in which the termination occurred; |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In the event that termination of the NEO’s employment occurs due to the circumstances described above and within two years after a “change in control,” the amount of the NEO’s salary continuation payment will be doubled, and the length of the healthcare benefit continuation period will also be doubled, but can never be more than 18 months; and |

|         |                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Benefits are not available under the Severance Plan if the NEO’s employment is terminated in connection with the sale of a business, if the NEO is employed by the purchaser or if the NEO is offered employment with the purchaser with substantially equivalent benefits and salary package (provided the offer does not require relocation more than 50 miles from the current location). |

----

----

|          |                                                                                                |
|----------|------------------------------------------------------------------------------------------------|
| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |
| Name and Address of Beneficial Holder                                  | Amount and Nature of Beneficial Ownership | Percent of IPALCO Common Stock Outstanding |
| AES U.S. Investments, Inc.                                             | 89,685,177 | 82.35% |
| CDP Infrastructure Fund, GP                                            | 19,222,141 | 17.65% |
| All Directors and Executive Officers  as a Group (13 people) | 0 | 0% |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |
| Name/Address                                                | Position HeldWith the Company | Shares of Common Stock Beneficially Owned (2)(3)(4) | Percent of Class (2)(3)(4) |
| Renaud Faucher                                              | Director | 0 | 0% |
| Paul L. Freedman                                            | Director | 17,528 | * |
| Andrew J. Horrocks                                          | Director and Executive Officer | 20,467 | * |
| Craig L. Jackson                                            | Director and Executive Officer | 24,603 | * |
| Michael S. Mizell                                           | Director and Executive Officer | 15,749 | * |
| Thomas M. O’Flynn                                     | Director | 680,934 | * |
| Olivier Renault                                             | Director | 0 | 0% |
| Richard A. Sturges                                          | Director | 30,096 | * |
| Margaret E. Tigre                                           | Director | 65,263 | * |
| James Valdez                                                | Executive Officer | 13,127 | * |
| Kenneth J. Zagzebski                                        | Director and Executive Officer | 108,167 | * |
| All Directors and Executive Officers as a Group (13 people) |   | 994,779 | * |

|   |                                                                                                   |
|---|---------------------------------------------------------------------------------------------------|
| * | Shares held represent less than 1% of the total number of outstanding shares of AES Common Stock. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Pursuant to the terms of the Shareholders’ Agreement, AES U.S. Investments and CDPQ have agreed that, during the term of the Shareholders’ Agreement, each of AES U.S. Investments and CDPQ shall vote, or act by written consent with respect to, all shares of IPALCO beneficially owned by them for the election to the Board of Directors of the individuals nominated by AES U.S. Investments and CDPQ.  For additional information regarding the Shareholders’ Agreement, including the number of directors that may be nominated by AES and CDPQ, please refer to “Shareholders’ Agreement” under Item 13 of this Amendment. |

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|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The shares of AES Common Stock beneficially owned are reported on the basis of SEC regulations governing the determination of beneficial ownership of securities. Under the SEC rules, shares of AES Common Stock, which are subject to options, units or other securities that are exercisable or convertible into shares of AES Common Stock within 60 days of March 15, 2016, are deemed to be outstanding and beneficially owned by the persons holding such options, units or other securities. Such underlying shares of Common Stock are deemed to be outstanding for the purpose of computing such person’s ownership percentage, but not deemed to be outstanding for the purpose of computing the percentage ownership of any other person. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Includes (a) the following shares issuable upon exercise of options outstanding as of March 15, 2016 that are able to be exercised within 60 days of March 15, 2016: Mr. Faucher - 0 shares; Mr. Freedman - 2,042  shares; Mr. O’Flynn -485,919 shares; Mr. Renault - 0 shares; Mr. Sturges - 3,796 shares; Ms. Tigre -49,709 shares; Mr. Zagzebski -77,752 shares; Mr. Jackson - 0 shares; Mr. Horrocks -7,234 shares; Mr. Mizell - 0 shares; Mr. Valdez - 0 shares; all directors and executive officers as a group - 626,452 shares; (b) the following units issuable under the AES 2003 Long Term Compensation Plan:   Mr. Freedman -14,301  shares; Mr. O’Flynn - 167,170  shares; Mr. Sturges - 15,778 shares; Ms. Tigre - 15,424 shares; Mr. Zagzebski -18,322 shares; Mr. Jackson - 15,838 shares; Mr. Horrocks -12,030 shares; Mr. Mizell - 15,749 shares; Mr. Valdez - 10,913 shares; all directors and officers as a group - 302,355 shares; and (c) the following shares held in The AES Retirement Savings Plan: Mr. Freedman - 1,185 shares; Mr. O’Flynn -7,845 shares; Mr. Sturges - 3,579 shares; Ms. Tigre - 130 shares; Mr. Zagzebski - 12,093 shares; Mr. Jackson - 0 shares; Mr. Horrocks - 0 shares; Mr. Mizell - 0 shares; Mr. Valdez - 2,214 shares; all directors and executive officers as a group - 27,880   shares. |

|     |                                                                         |
|-----|-------------------------------------------------------------------------|
| (4) | Includes shares jointly held with spouse:  Mr. O'Flynn (20,000 shares). |

|          |                                                                       |
|----------|-----------------------------------------------------------------------|
| ITEM 13. | CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE |

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|     |                                                                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a) | All financial statement schedules are omitted because of the absence of conditions under which they are required or because the required information is included in our consolidated financial statements or notes thereto, included in Part II, Item 8, of our Annual Report on Form 10-K. |

|     |          |
|-----|----------|
| (b) | Exhibits |

|             |
|-------------|
|             |  |
| Exhibit No. | Document |
| 3.1         | Third Amended and Restated Articles of Incorporation of IPALCO Enterprises, Inc. (Incorporated by reference to Exhibit No 3.1 to IPALCO’s Form 8-K dated as of February 18, 2015) |
| 3.2         | Amended and Restated By-Laws of IPALCO Enterprises, Inc. (Incorporated by reference to Exhibit No. 3.2 to IPALCO’s Form 8-K dated as of February 18, 2015) |
| 4.1*        | Pledge Agreement between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company, N.A. dated as of November 14, 2001 |
| 4.2*        | Mortgage and Deed of Trust, dated as of May 1, 1940, between IPL and the Bank of New York Mellon Trust Company, NA, as successor in interest to American National Bank & Trust Company of Chicago, Trustee |
| 4.3         | The following supplemental indentures to the Mortgage and Deed of Trust referenced in 4.2 above: |
|        | *Third Supplemental Indenture, dated as of April 1, 1949 |
|        | *Tenth Supplemental Indenture, dated as of October 1, 1960 |
|        | *Eighteenth Supplemental Indenture, dated as of February 15, 1974 |
|        | *Thirty-Seventh Supplemental Indenture, dated as of October 1, 1993 |
|        | *Forty-Eighth Supplemental Indenture, dated as of January 1, 2004 |
|        | *Fifty-Second Supplemental Indenture, dated as of September 1, 2006 |
|        | *Fifty-Third Supplemental Indenture, dated as of October 1, 2006. |
|        | *Fifty-Fourth Supplemental Indenture, dated as of June 1, 2007 |
|        | *Fifty-Eighth Supplemental Indenture, dated as of August 1, 2011 |
|        | *Fifty-Ninth Supplemental Indenture, dated as of August 1, 2011 |
|        | Sixtieth Supplemental Indenture, dated as of November 1, 2011 (Incorporated by reference to Exhibit No. 4.3 to IPALCO’s December 31, 2011 10-K) |
|        | Sixty-First Supplemental Indenture, dated as of June 1, 2013 (Incorporated by reference to Exhibit No. 4.1 to IPALCO’s June 30, 2013 Form 10-Q) |
|        | Sixty-Second Supplemental Indenture, dated as of June 1, 2014 (Incorporated by reference to Exhibit No. 4.1 to IPALCO’s June 30, 2014 Form 10-Q) |
|        | Sixty-Third Supplemental Indenture, dated as of September 1, 2015 (Incorporated by reference to Exhibit No. 4.1 to IPALCO’s September 30, 2015 Form 10Q) |
| 4.5*        | Pledge Agreement Supplement between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company, N.A., as successor Collateral Agent, dated as of April 15, 2008, to the Pledge Agreement between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company dated as of November 14, 2001 |
| 4.6*        | Pledge Agreement Supplement between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company, N.A., dated as of May 18, 2011 to the Pledge Agreement between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company, N.A., dated as of November 14, 2001 |
| 4.7*        | Indenture between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company, N.A., as Trustee, dated as of May 18, 2011 for the 5.00% Senior Secured Notes due 2018 |
| 4.8*        | Indenture between IPALCO Enterprises, Inc. and U.S. Bank, National Association, as Trustee, dated June 25, 2015 for IPALCO's 3.45% Senior Secured Notes due 2020 (Incorporated by reference to Exhibit No. 4.1 to IPALCO's June 30, 2015 Form 10-Q) |

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|                                                                                                              |
|--------------------------------------------------------------------------------------------------------------|
|                                                                                                              |  |
| 4.9*                                                                                                         | Pledge Agreement Supplement between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company, N.A., as Collateral Agent, dated June 25, 2015 to the Pledge Agreement between IPALCO Enterprises, Inc. and The Bank of New York Mellon Trust Company dated November 14, 2001, as amended (Incorporated by reference to Exhibit No. 4.2 to IPALCO's June 30, 2015 Form 10-Q) |
| 10.1*                                                                                                        | Interconnection Agreement, dated as of April 1, 2008, between American Electric Power Service Corporation, as agent for Indiana Michigan Power Company, and IPL |
| 10.2*                                                                                                        | Interconnection Agreement, dated as of December 2, 1968, between IPL and Southern Indiana Gas and Electric Company as modified through Modification Number 11 |
| 10.3*                                                                                                        | Interconnection Agreement dated December 1, 1981, between IPL and Hoosier Energy Rural Electric Cooperative, Inc., as modified through Modification 6 |
| 10.4*                                                                                                        | Tenth Supplemental Agreement to Interconnection Agreement between IPL and PSI Energy, Inc., dated as of June 26, 2002, amending and completely restating prior agreements |
| 10.5*                                                                                                        | $250,000,000 Revolving Credit Facilities Amended and Restated Credit Agreement by and among Indianapolis Power & Light Company, the Lenders Party thereto, PNC Bank, National Association, as Administrative Agent, PNC Capital Markets LLC, as Sole Bookrunner and Sole Lead Arranger, Fifth Third Bank, as Syndication Agent and BMO Harris Bank N.A., as Documentation Agent, Dated as of May 6, 2014 (Incorporated by reference to Exhibit No. 10.1 to IPALCO’s March 31, 2014 10-Q) |
| 10.6*                                                                                                        | Subscription Agreement by and between IPALCO and CDP Infrastructure Fund GP, a wholly owned subsidiary of La Caisse de dépȏt et placement du Québec dated December 14, 2014 (Incorporated by reference to Exhibit 10.10 to IPALCO’s December 31, 2014 10K/A) |
| 10.7*                                                                                                        | IPALCO Shareholder's Agreement by and among AES U.S. Investments, Inc., IPALCO Enterprises, Inc. and CDP Infrastructure Fund GP dated as of February 11, 2015 (Incorporated by reference to Exhibit No. 10.1 to IPALCO's March 31, 2015 10-Q) |
| 10.8*                                                                                                        | First Amendment to Credit Agreement by and among IPL, the Lenders party thereto, Fifth Third Bank, as syndication agent, BMO Harris Bank N.A., as documentation agent and PNC Bank, National Association, as administrative agent, dated as of October 16, 2015 (Incorporated by reference to Exhibit No. 10.1 to IPALCO's September 30, 2015 10-Q) |
| 10.9*                                                                                                        | $91,850,000 364-Day Delayed Draw Term Loan Facility Credit Agreement by and among IPL, the Lenders party thereto, U.S. Bank National Association, as administrative agent, U.S. Bank National Association, sole lead arranger and Fifth Third Bank, as documentation agent, dated as of October 16, 2015 (Incorporated by reference to Exhibit No. 10.2 to IPALCO's September 30, 2015 10-Q) |
| 10.10*                                                                                                       | Loan Agreement between Indiana Financing Authority and Indianapolis Power & Light Company relating to $30,000,000 Environmental Facilities Refunding Revenue Notes, Series 2015A (Indianapolis Power & Light Company Project) and $60,000,000 Environmental Facilities Refunding Revenue Notes, Series 2015B (Indianapolis Power & Light Company Project) dated as of December 1, 2015 (Incorporated by reference to Exhibit No. 10.10 to IPALCO's December 31, 2015 10-K) |
| 10.11*  10.12  10.13  10.14  10.15  10.16  10.17 | Note Purchase and Covenants Agreement by and among Indianapolis Power & Light Company the Lenders Party Hereto and PNC Bank, National Association, as administrative agent relating to $30,000,000 Indiana Finance Authority Environmental Facilities Refunding Revenue Notes, Series 2015A (Indianapolis Power & Light Company Project) and $60,000,000 Indiana Finance Authority Environmental Facilities Refunding Revenue Notes, Series 2015B (Indianapolis Power & Light Company Project) dated as of December 22, 2015 (Incorporated by reference to Exhibit No. 10.11 to IPALCO's December 31, 2015 10-K)The AES Corporation 2003 Long Term Compensation Plan, as amended and restated, dated April 23, 2015 (Incorporated by reference to Exhibit 99.1 of The AES Corporation’s Form 8-K filed on April 23, 2015)The AES Corporation Performance Incentive Plan, as amended and restated on April 23, 2015 (Incorporated by reference to Exhibit 99.2 of The AES Corporation’s Form 8-K filed on April 23, 2015)AES Corporation Severance Plan, as amended and restated on April 23, 2015 (Incorporated by reference to Exhibit 10.6 of The AES Corporation’s Form 10-Q for the quarter ended June 30, 2015)The AES Corporation Restoration Supplemental Retirement Plan, as amended and restated, dated December 29, 2008 (Incorporated by reference to Exhibit 10.15 of The AES Corporation’s Form 10-K for the year ended December 31, 2008)Amendment to The AES Corporation Restoration Supplemental Retirement Plan, dated December 9, 2011 (Incorporated by reference to Exhibit 10.17A of The AES Corporation’s Form 10-K for the year ended December 31, 2012)Form of AES Performance Unit Award Agreement under The AES Corporation 2003 Long Term Compensation Plan (Incorporated by reference to Exhibit 10.15 of The AES Corporation’s Form 10-K for the year ended December 31, 2015) |
| 21                                                                                                           | Subsidiaries of IPALCO Enterprises, Inc. ** |

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|         |
|---------|
|         |  |
| 31.1    | Certification by Chief Executive Officer required by Rule 13a-14(a) or 15d-14(a). ** |
| 31.2    | Certification by Chief Financial Officer required by Rule 13a-14(a) or 15d-14(a).** |
| 31.3    | Certification by Chief Executive Officer required by Rule 13a-14(a) or 15d-14(a). (filed herewith) |
| 31.4    | Certification by Chief Financial Officer required by Rule 13a-14(a) or 15d-14(a).(filed herewith) |
| 32      | Certification required by Rule 13a-14(b) or 15d-14(b).*** |
| 101.INS | XBRL Instance Document ** |
| 101.SCH | XBRL Taxonomy Extension Schema Document ** |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document ** |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document ** |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document ** |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document ** |

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|        |
|--------|
|        |  |  |  |  |  |
|   |   | IPALCO ENTERPRISES, INC. |
| Date:  | April 29, 2016 |   | By: | /s/ Craig L. Jackson |
|   |   |   |   | Name: | Craig L. Jackson |
|   |   |   |   | Title: | Chief Financial Officer |

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|        |
|--------|
|        |  |  |  |  |
| Date:  | April 29, 2016 |   | /s/ Kenneth J. Zagzebski |
|   |   |   |   | Kenneth J. Zagzebski |
|   |   |   |   | Chief Executive Officer |

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|        |
|--------|
|        |  |  |  |  |
| Date:  | April 29, 2016 |   | /s/ Craig L. Jackson |
|   |   |   |   | Craig L. Jackson |
|   |   |   |   | Chief Financial Officer |