Ameren to Transfer Generation Plants
AmerenCIPS, a subsidiary of Ameren Corp., filed with the
Illinois Commerce Commission (ICC) a notice that it intends to
transfer AmerenCIPS' Illinois generating facilities and related
personnel to a new non-regulated subsidiary. Ameren is a registered
holding company under the Public Utility Holding Company Act of
1935 (PUHCA) and is the parent of the utility operating
subsidiaries, AmerenCIPS and AmerenUE.
"This subsidiary will position us to compete even more
effectively in the newly restructured energy supply markets in
Illinois, allowing us to capitalize on our already low-cost energy
generation," said Charles W. Mueller, Ameren CEO. "This action
reflects our commitment to growing the generation portion of our
The company's assets would include the five AmerenCIPS power
plants and eight planned new combustion turbines-together
representing almost 3,800 megawatts of net generating capacity. The
new subsidiary is expected to be operational sometime in 2000.
The formation of the new generating subsidiary, as well as the
transfer of AmerenCIPS' generating assets and liabilities and
certain power sales contracts, will be subject to regulatory
filings and approvals of the Illinois Commerce Commission, the FERC
and the Missouri Public Service Commission.
Based in St. Louis, Ameren companies provide energy services to
1.8 million customers in a 44,500-square-mile area of Missouri and
Illinois. AmerenUE is the largest electric utility in Missouri and
the third largest distributor of natural gas.
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