SECURITIES AND EXCHANGE COMMISSION 
 
                          Washington, D.C.  20549 
 
                    __________________________________ 
 
                                 FORM 8-K 
                    __________________________________ 
 
 
                              CURRENT REPORT 
 
 
                  Pursuant to Section 13 or 15(d) of the 
                      Securities Exchange Act of 1934 
 
 
   Date of Report (Date of earliest event reported):  September 27, 1994 
 
 
                         IPALCO ENTERPRISES, INC. 
          (Exact name of registrant as specified in its charter) 
 
 
        Indiana                 1-8644            35-1575582 
(State or other jurisdiction  (Commision             (IRS Employer 
    of incorporation)         File Number)   Identification No.)  
 
 
             25 Monument Circle, Indianapolis, Indiana  46204 
           (Address of principal executive offices)  (Zip Code) 
 
 
    Registrant's telephone number, including area code:  (317) 261-8261 





Item 5.  Other Events 
 
          On September 27, 1994, IPALCO Enterprises, Inc., parent of 
          Indianapolis Power & Light Company (IPL), announced that IPL would 
          further delay the construction of a new, base-load electric 
          generating unit at its proposed Patriot plant in Switzerland 
          County, Indiana to a date beyond IPL's current 5-year Construction 
          Program. 
 
Item 7.  Exhibits 
 
     (99) Copy of press release issued by IPALCO Enterprises, Inc., parent 
          of Indianapolis Power & LIght Company (IPL), relating to IPL's 
          decision to further delay the construction of a new, base-load 
          electric generating unit at its proposed Patriot plant. 
 
 
 
                                 SIGNATURE 
 
     After due inquiry and to the best of my knowledge and belief, I certify 
that the information set forth in this statement is true, complete and 
correct. 
 
 
Dated:  September 27, 1994 
 
                                   IPALCO ENTERPRISES, INC. 
 
 
                                   By /s/ John R. Brehm 
                                     ---------------------------------
                                     Name:   John R. Brehm 
                                     Title:  Vice President and 
                                             Treasurer