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ADDITIONAL IES INDUSTRIES COMMON STOCK TO BE ISSUED

 CEDAR RAPIDS, Iowa, Feb. 26 /PRNewswire/ -- On Feb. 25, 1993, IES Industries Inc. (NYSE: IES) closed on its new issue of two million shares of common stock, priced last week at $30 per share. As an indication of strong interest from the investment community, the underwriters of the issue yesterday exercised their option to acquire an additional 300,000 shares of IES common stock at the same price.
 Iowa Electric Light and Power Co. and Iowa Southern Utilities Co. are the two principal utility subsidiaries of IES Industries.
 -0- 02/26/93
 /CONTACT: Robert Latham of IES Industries, 319-398-7676/
 (IES)


CO: IES Industries Inc. ST: Iowa IN: UTI SU:

AH -- NY033 -- 0841 02/26/93 12:07 EST
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Publication:PR Newswire
Date:Feb 26, 1993
Words:118
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