AES And Ameren Receive DOJ Request for Additional Information Regarding Pending Sale of CILCORP.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 30, 2002 The AES Corporation AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. (NYSE NYSE See: New York Stock Exchange :AES) and the Ameren Corporation (NYSE:AEE AEE Adult Entertainment Expo AEE Association of Energy Engineers AEE Association for Experiential Education AEE Arbeitsgemeinschaft Erneuerbare Energie AEE Autoridad de Energía Eléctrica (Puerto Rico Electric Power Authority) ) announced today that they have received from the U.S. Department of Justice (DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. ) a Request for Additional Information (Second Request) under the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. pertaining to the pending sale of CILCORP to Ameren. The waiting period applicable to the pending sales under the Hart-Scott-Rodino Antitrust Improvements Act will expire 30 days after substantial compliance with the Second Request, unless terminated earlier by the DOJ. Issuance of a Second Request is not unusual for transactions of this size, and the companies intend to cooperate fully and respond promptly. As previously announced, the transaction is subject to regulatory approvals by the Illinois Commerce Commission, the Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. , the Securities and Exchange Commission and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. AES expects the sale of CILCORP to close in the first quarter of 2003. AES is a leading global power company comprised of competitive generation, distribution and retail supply businesses in Argentina, Australia, Bangladesh, Brazil, Cameroon, Canada, Chile, China, Colombia, Czech. Republic, Dominican Republic, El Salvador, Georgia, Germany, Hungary, India, Italy, Kazakhstan, the Netherlands, Nigeria, Mexico, Oman, Pakistan, Panama, Qatar, South Africa, Sri Lanka, Tanzania, Uganda, Ukraine, the United Kingdom, the United States and Venezuela. The company's generating assets include interests in 177 facilities totaling over 59 gigawatts of capacity. AES's electricity distribution network has over 727,000 km of conductor and associated rights of way and sells over 108,000 gigawatt gig·a·watt n. Abbr. GW One billion (109) watts. hours per year to over 16 million end-use customers. AES is dedicated to providing electricity worldwide in a socially responsible way. This news release may include forward-looking statements. Actual events and results may differ materially from those projected. Factors that could affect actual results are discussed in AES's filings with the Securities and Exchange Commission, and readers are encouraged to read those filings to learn more about the risk factors associated with AES's businesses. For more general information visit our web site at www.aes.com or contact investor relations Investor relations The process by which the corporation communicates with its investors. at investing@aes.com. |
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