Reorganize

Ameren Corp. said Monday it will reorganize its three Illinois electric and gas utilities — AmerenCIPS, AmerenCILCO and AmerenIP — into a single utility that will be known as Ameren Illinois Co. and be a direct subsidiary of Ameren.

Dynegy on Thursday announced that it would reorganize its business structure to require Investor Relations to report directly to CEO Bruce A. Williamson. In conjunction with the news, Peter J. Wilt was named vice president of investor relations and Norelle V. Lundy as director of investor relations.

The Missouri Public Service Commission has approved a proposal by Laclede Gas Co. to reorganize its corporate structure to form a holding company known as The Laclede Group, Inc. Laclede’s shareholders approved the change in January. It should be operational by October. “The holding company structure gives us the flexibility to grow our enterprise while maintaining our high level of safe and reliable service to our natural gas customers,” said CEO Douglas H. Yaeger. Under the new holding company structure, Laclede Gas would become a wholly owned subsidiary of The Laclede Group, Inc., but would continue to operate as a regulated natural gas distribution utility. Existing corporate subsidiaries of Laclede Gas — Laclede Energy Resources, Laclede Venture, Laclede Development, Laclede Investment, Laclede Gas Family Services and Laclede Pipeline — would become subsidiaries of The Laclede Group Inc. and would remain unregulated.

Houston-based independent KCS Energy Inc. is slowly emergingfrom bankruptcy, completing the necessary steps to reorganize,announcing it has signed a production agreement with Enron NorthAmerica Corp. to sell about 17.3% of its oil and gas reserves overthe next five years for $176 million. KCS held nearly 277 Bcfe ofreserves in 2000.

Washington Gas Light Co. announced last week that it intends toreorganize its corporate structure to form a holding company knownas WGL Holdings, Inc. Under the new structure, Washington Gas, asthe regulated utility, and the subsidiaries it currently holds,would each operate as separate subsidiaries of WGL Holdings, Inc.Washington Gas will continue to operate as the regulated localnatural gas distribution company throughout the Washington, D.C.metropolitan region.