8-KOther Events

AMEREN CORP 8-K Report (Mar 24, 2004)

Filed March 24, 2004For Securities:AEE

Summary

Ameren Corporation (AEE) filed an 8-K on March 24, 2004, to report an amendment to its Stock Purchase Agreement with Dynegy Corporation regarding the acquisition of Illinois Power Company (IPC) and Dynegy's stake in Electric Energy, Inc. This amendment, dated March 23, 2004, modifies certain schedules and ancillary agreements, and extends timelines for pre-closing actions. The company also announced a joint filing with IPC to the Illinois Commerce Commission on March 24, 2004, seeking expedited review and approval of the transaction. This acquisition remains subject to approvals from various regulatory bodies, including the Federal Energy Regulatory Commission, Securities and Exchange Commission, Federal Communications Commission, and the expiration of the Hart-Scott-Rodino waiting period. Investors should note that these regulatory approvals are critical for the completion of the proposed acquisition.

Key Highlights

  • 1Ameren Corporation amended its Stock Purchase Agreement with Dynegy Corporation on March 23, 2004.
  • 2The amendment concerns the acquisition of Illinois Power Company (IPC) and Dynegy's interest in Electric Energy, Inc.
  • 3Key modifications include changes to schedules and ancillary agreements.
  • 4The period for certain pre-closing actions has been extended.
  • 5Ameren and IPC jointly filed for expedited review and approval with the Illinois Commerce Commission on March 24, 2004.
  • 6The acquisition is subject to multiple regulatory approvals, including FERC, SEC, FCC, and Hart-Scott-Rodino.
  • 7Additional regulatory filings are expected in the coming weeks.

Frequently Asked Questions

This 8-K filing primarily serves to report an amendment to Ameren Corporation's Stock Purchase Agreement with Dynegy Corporation concerning the acquisition of Illinois Power Company and related assets. It also announces the filing for expedited regulatory approval in Illinois.

The First Amendment modifies certain schedules and ancillary agreements related to the original Stock Purchase Agreement and extends the timeframe for specific pre-closing actions by the parties involved.

The acquisition requires approval from the Illinois Commerce Commission (for which expedited review has been requested), the Federal Energy Regulatory Commission (FERC), the Securities and Exchange Commission (SEC), the Federal Communications Commission (FCC), and the expiration of the waiting period under the Hart-Scott-Rodino Act.

Ameren Corporation expects to make the remaining regulatory filings within the next several weeks, following the initial filing for expedited review with the Illinois Commerce Commission.