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IPALCO EXTENDS TENDER OFFER TO JULY 30

 INDIANAPOLIS, June 10 /PRNewswire/ -- IPALCO Enterprises, Inc. (NYSE: IPL) announced today it has extended the expiration of its $26.50 per share tender offer for PSI Resources, Inc., previously set to expire on June 18, to 12:00 midnight, New York City time, to July 30, 1993, unless extended.
 IPALCO Chairman, Chief Executive Officer and President, John R. Hodowal, stated: "PSI has attempted to delay its 1993 annual meeting of shareholders, which will be a critical referendum on the two competing proposals to acquire PSI. We have asked the federal court to require PSI to hold that meeting on July 29, and therefore have extended our tender offer to July 30, 1993."
 Howdowal thanked those PSI shareholders who tendered early 4,066,291 shares of PSI common stock as of the close of business on June 10, 1993. He requested that PSI shareholders continue to tender their shares through the revised July 30 expiration date.
 -0- 6/10/93
 /CONTACT: Susan Hanafee, media, 317-261-8763, or Tom Davies, investors, 317-261-8219, both of IPALCO Enterprises, Inc./
 (IPL)


CO: IPALCO Enterprises, Inc. ST: Indiana IN: UTI SU:

TM -- NY089 -- 0894 06/10/93 19:49 EST
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Publication:PR Newswire
Date:Jun 10, 1993
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