SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 1994
IPALCO ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-8644 35-1575582
(State or other jurisdiction (Commision (IRS Employer
of incorporation) File Number) Identification No.)
25 Monument Circle, Indianapolis, Indiana 46204
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 261-8261
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Item 5. Other Events
On September 27, 1994, IPALCO Enterprises, Inc., parent of
Indianapolis Power & Light Company (IPL), announced that IPL would
further delay the construction of a new, base-load electric
generating unit at its proposed Patriot plant in Switzerland
County, Indiana to a date beyond IPL's current 5-year Construction
Program.
Item 7. Exhibits
(99) Copy of press release issued by IPALCO Enterprises, Inc., parent
of Indianapolis Power & LIght Company (IPL), relating to IPL's
decision to further delay the construction of a new, base-load
electric generating unit at its proposed Patriot plant.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.
Dated: September 27, 1994
IPALCO ENTERPRISES, INC.
By /s/ John R. Brehm
---------------------------------
Name: John R. Brehm
Title: Vice President and
Treasurer
Marni Lemons (317)261-8219
Susan Hanafee (317)261-8763
IPALCO To Delay Construction of Power Plant
Indianapolis, IN., September 28, 1994 -- IPALCO Enterprises, Inc., the
parent company of Indianapolis Power & Light Company (IPL), announced today
that IPL will further delay the construction of a new, base-load power plant in
Switzerland County in Southern Indiana, to a date beyond the Company's current
five-year Construction Program.
"As part of our ongoing efforts to keep costs as low as possible, we have
intentionally orchestrated a flexible start date for this project. This will
allow us to take advantage -- as long as possible -- of supplies of bulk power,
which we believe will be available several years into the next decade," said
John R. Hodowal, IPALCO Chairman and President.
"Our focus will continue to be -- as it has been in the past
-- to assure a reliable supply of low-cost electricity for our customers. And
even though we are delaying the construction of about 800 megawatts of new co-
owned, base-load, coal-fired electric generating capacity, we will not allow
our quality of service to deteriorate," Hodowal added.
He stressed that IPALCO remains committed to the communities in
Switzerland County and to the location near Patriot, Indiana, as a priority
site when a new base-load power plant resurfaces as part of IPALCO's
generation program.
"It is our responsibility to continually analyze and refine our options --
from power purchases to combustion turbine construction -- in our search for
the most reliable, low-cost power. And as a result of this continuing
analysis, construction can be delayed for several years without affecting the
quality of service to our customers," Hodowal said.
IPALCO Enterprises, Inc., is a multi-state energy company providing a
variety of energy products and services. Its principal subsidiary,
Indianapolis Power & Light Company, provides electric service to
approximately 400,000 commercial, residential and industrial customers in
Indianapolis and in portions of other Central Indiana communities.
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Exhibit 99
