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Article: Ameren Files Federal Energy Regulatory Commission Application to Acquire Illinois Power Company, Confirming Move Into Midwest Independent System Operator.
- Article from:
- PR Newswire
- Article date:
- March 25, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ameren Corporation today filed its request for Federal Energy Regulatory Commission (FERC) review and approval of its acquisition from Dynegy Inc. of the stock of Decatur, Ill.-based Illinois Power Company (IP) and Dynegy's 20 percent interest in Electric Energy, Inc, owner of a Joppa, Ill., coal-fired power plant.
Ameren announced on Feb. 3 the proposed $2.3 billion transaction. The parties also submitted to FERC several agreements, including a firm capacity power supply contract for the annual purchase by IP of 2,800 megawatts of electricity from Dynegy. That power supply contract extends through 2006 and is expected to supply about 75 percent of IP electric ...