AmerenCIPS, a subsidiary of Ameren Corp., filed with theIllinois Commerce Commission (ICC) a notice that it intends totransfer AmerenCIPS’ Illinois generating facilities and relatedpersonnel to a new non-regulated subsidiary. Ameren is a registeredholding company under the Public Utility Holding Company Act of1935 (PUHCA) and is the parent of the utility operatingsubsidiaries, AmerenCIPS and AmerenUE.

“This subsidiary will position us to compete even moreeffectively in the newly restructured energy supply markets inIllinois, allowing us to capitalize on our already low-cost energygeneration,” said Charles W. Mueller, Ameren CEO. “This actionreflects our commitment to growing the generation portion of ourbusiness.”

The company’s assets would include the five AmerenCIPS powerplants and eight planned new combustion turbines-togetherrepresenting almost 3,800 megawatts of net generating capacity. Thenew subsidiary is expected to be operational sometime in 2000.

The formation of the new generating subsidiary, as well as thetransfer of AmerenCIPS’ generating assets and liabilities andcertain power sales contracts, will be subject to regulatoryfilings and approvals of the Illinois Commerce Commission, the FERCand the Missouri Public Service Commission.

Based in St. Louis, Ameren companies provide energy services to1.8 million customers in a 44,500-square-mile area of Missouri andIllinois. AmerenUE is the largest electric utility in Missouri andthe third largest distributor of natural gas.

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