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Ameren to Transfer Generation Plants

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 business."

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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