SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 21, 1998
Commission Registrants; State of Incorporation; IRS Employer
File Number Address; and Telephone Company Identification
No.
1-11327 Illinova Corporation 37-1319890
(an Illinois Corporation)
500 S. 27th Street
Decatur, IL 62525
(217) 424-6600
1-3004 Illinois Power Company 37-0344645
(an Illinois Corporation)
500 S. 27th Street
Decatur, IL 62525
(217) 424-6600
Total number of sequentially numbered pages is 3.
Item 5. Other Events
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The Nuclear Regulatory Commission (NRC) today placed Illinois Power's Clinton
Power Station (Clinton) on its Watch List. The NRC places nuclear plants on its
Watch List when it believes additional regulatory oversight is required because
of declining performance.
Twice a year the NRC evaluates the performance of nuclear power plants in the
United States and identifies those which require additional regulatory
oversight. Once placed on the Watch List a plant must demonstrate consistent
improved performance before it is removed from the list. The NRC will monitor
Clinton more closely than plants not on the Watch List. This may include
increased inspections, additional required documentation, NRC-required approval
of processes and procedures, and higher-level NRC oversight.
Illinova Chairman Larry Haab said he does not consider the announcement a new
signal. "It is a confirmation of the situation over the last few months and not
a forecast for the future. This news, while unpleasant, was not unexpected; the
problems at Clinton are well documented" said Haab.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ILLINOVA CORPORATION
(Registrant)
By /s/ Larry F. Altenbaumer
---------------------------
Larry F. Altenbaumer
Chief Financial Officer
Treasurer and Controller
on behalf of
Illinova Corporation
Date: January 21, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ILLINOIS POWER COMPANY
(Registrant)
By /s/ Larry F. Altenbaumer
---------------------------
Larry F. Altenbaumer
Senior Vice President and
Chief Financial Officer
on behalf of
Illinois Power Company
Date: January 21, 1998
