THE EMPIRE DISTRICT ELECTRIC COMPANY 602 JOPLIN STREET JOPLIN,
MISSOURI 64802 417-625-5100 FAX: 417-625-5169
www.empiredistrict.com
PRESS RELEASE
For Immediate Release
Contact:
MEDIA COMMUNICATIONS: INVESTOR RELATIONS:
Jay McBee Janet S. Watson
Director of Corporate Communications Secretary - Treasurer
417 625-5100, Ext. 2369 417 625-5100, Ext. 2223
THE EMPIRE DISTRICT ELECTRIC COMPANY
RECEIVES ORDERS FROM OKLAHOMA AND ARKANSAS COMMISSIONS
JOPLIN, MO, December 12, 2000 --(NYSE:EDE) On Tuesday, December 12,
2000, The Empire District Electric Company received an order from the
Arkansas Public Service Commission ("Commission") adopting and
affirming, without modification, a previous order issued by the
Commission's Administrative Law Judge ("ALJ") relating to Empire's
proposed merger with UtiliCorp United Inc.
The ALJ ruled that Empire and UtiliCorp's proposed regulatory plan
should not be approved. In addition, the ALJ stated that he was
unable to separate the application for approval of the merger and the
proposed regulatory plan, and he therefore could not conclude that the
merger was consistent with the public interest, the standard for
merger approval in Arkansas.
The Commission's order, dated December 11, 2000, initiates a thirty-
day period in which Empire and UtiliCorp may file a petition for
rehearing. The Commission must rule on any such petition for
rehearing within thirty days. Empire and UtiliCorp jointly plan to
file a petition for a rehearing.
In addition, Empire received an order today from the Corporation
Commission of the State of Oklahoma approving Empire's proposed merger
with UtiliCorp United Inc. The Commission did not address any of the
issues relating to Empire and UtiliCorp's proposed regulatory plan,
but indicated that these issues would be addressed if raised in any
future rate proceeding.
The Empire District Electric Company is an investor-owned utility
providing electric service to approximately 145,000 customers in
southwest Missouri, southeast Kansas, northeast Oklahoma and northwest
Arkansas. The Company also provides monitored security, energy
services, fiber optic service and decorative lighting as well as water
service in three incorporated communities in Missouri.
Certain matters discussed in this press release are "forward-looking
statements" intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995.
Such statements address future plans, objectives, expectations, and
events or conditions concerning various matters. Actual results in
each case could differ materially from those currently anticipated in
such statements, by reason of the factors noted in our filings with
the SEC, including the most recent Form 10-K and Form 10-Q.
