Printer Friendly

IOWA POWER AND IOWA PUBLIC SERVICE PREFERRED SHAREHOLDERS APPROVE MERGER

 IOWA POWER AND IOWA PUBLIC SERVICE
 PREFERRED SHAREHOLDERS APPROVE MERGER
 DES MOINES, April 17 /PRNewswire/ -- The preferred shareholders of Iowa Power Inc. and Iowa Public Service Co. yesterday approved the proposed merger of the two utility companies. The preferred shareholder meetings were held in Des Moines.
 Nearly 99 percent of the votes cast -- representing 60 percent of the outstanding shares of preferred stock -- favored the merger. The two companies have slightly more than 2,000 shareholders holding 445,000 shares of preferred stock.
 The proposed merger also has been approved by the Iowa Utilities Board and the Minnesota Public Utilities Commission. The proposal is pending before the Federal Energy Regulatory Commission, the only remaining required approval.
 Iowa Power of Des Moines and Iowa Public Service of Sioux City are subsidiaries of Midwest Resources Inc. (NYSE: MWR), a Des Moines-based utility holding company. Electric service is provided to 363,000 customers in Iowa, Minnesota, Nebraska and South Dakota.
 -0- 4/17/92
 /CONTACT: John McCarroll of Iowa Power, 515-281-2785/ CO: Iowa Power Inc.; Iowa Public Service Co. ST: Iowa IN: UTI SU:


MC -- DV002 -- 9743 04/17/92 16:27 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 17, 1992
Words:190
Previous Article:AS THE DOW WOWS, INVESTORS GO FOR GROWTH
Next Article:SDN BANCORP REPORTS FIRST QUARTER EARNINGS


Related Articles
IOWA POWER AND IOWA PUBLIC SERVICE FILE APPLICATION TO MERGE
IOWA POWER REQUESTS INCREASE IN ELECTRIC RATES
IOWA POWER AND IOWA PUBLIC SERVICE WILL MERGE TO FORM MIDWEST POWER SYSTEMS
IOWA POWER AND IOWA PUBLIC SERVICE MERGER BECOMES EFFECTIVE
MIDWEST POWER SYSTEMS DECLARES DIVIDEND
MIDWEST POWER SYSTEMS DECLARES DIVIDEND
MIDWEST POWER SENIOR DEBT 'A', CP 'F-1' BY FITCH AFTER MERGER -- FITCH FINANCIAL WIRE --
IOWA-ILLINOIS APPROVES MERGER AMENDMENT TO PROVIDE FOR CALL OF PREFERRED SHARES
MIDWEST RESOURCES TO VOTE ON MERGER
MIDWEST RESOURCES SHAREHOLDERS APPROVE MERGER WITH IOWA-ILLINOIS GAS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters