Table

AES Corp. has set the table to take another big bite of theMidwest power generation market after agreeing to buy IPALCOEnterprises Inc. of Indiana for $3.04 billion in stock and assumeddebt. The Arlington, VA, power plant developer, which expects toclose the sale early in 2001, plans to build additional facilitiesin IPALCO’s Indiana territory and eventually begin sellingelectricity in the growing Chicago marketplace.

AES Corp. has set the table to take another big bite of theMidwest power generation market after agreeing yesterday to buyIPALCO Enterprises Inc. of Indiana for $3.04 billion in stock andassumed debt. The Arlington, VA, power plant developer, whichexpects to close the sale early in 2001, plans to build additionalfacilities in IPALCO’s Indiana territory and eventually beginselling electricity in the growing Chicago marketplace.

The British are coming back to the merger table. Still digestingits acquisition of Amoco, British Petroleum last week scrolled onenotch down the alphabetic menu of E&ampP companies to rest itshungry eyes on Atlantic Richfield Co. (Arco).

see table..

A casual glance at the futures table — its narrow trading rangeand its small daily change — would lead one to believe Wednesdaywas a relatively quiet expiration day at Nymex, during which theAugust contract was ushered off the board at $1.942. ButWednesday’s trading was anything but ordinary. Traders wereinundated by a host of technical and fundamental factors, leadingto “very choppy” trading and heavy volume of 116,428.