Ameren Chairman, President and Chief Executive Officer Gary Rainwater will serve as chairman and president of AmerenIP.
Today, the company announced in a separate release the closing of the transaction to acquire Illinois Power Company (IP) and a 20% interest in Electric Energy, Inc., (EEI) from Dynegy Inc. (NYSE: DYN). IP is now doing business as AmerenIP. Announced in February 2004, the purchase includes IP's transmission and distribution system assets, serving approximately 600,000 electric and 415,000 natural gas customers, and the purchase of Dynegy's 20 percent interest in Electric Energy, Inc. (EEI)---the owner of a 1,086- megawatt, Joppa, Ill., coal-fired power plant. Prior to the acquisition, through two of its subsidiaries, Ameren owned 60 percent of EEI. The transaction also includes a firm capacity power supply contract for the annual purchase by IP of 2,800 megawatts of electricity from a subsidiary of Dynegy\-a contract that is expected to supply approximately 70 percent of IP electric customer requirements.
Until his most recent appointment, Schukar served as senior vice president- Utility Operations at IP. Schukar joined IP in 1984 as an engineer at the Hennepin Power Station. He has held positions in power plant operations, power plant engineering, generation control, power trading, power marketing, retail pricing, risk management, transmission operations, transmission services, business planning, gas control, and customer tariff management. His latest assignment has been to manage IP's engineering, purchasing, and field operations. A licensed professional engineer in the State of Illinois, Schukar earned a bachelor of science degree in mechanical engineering in 1983 and a master's degree in business administration in 1991 - both from the University of Illinois.
With assets of more than $17 billion, Ameren, through its subsidiaries, serves 2.3 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area of Missouri and Illinois.
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