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: February 22, 2000
Date of Event (or earliest event) being reported: February 22, 2000
IPALCO ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-8644 35-1575582
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Monument Circle, Indianapolis, Indiana 46204
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 261-8261
Item 5. Other Event
IPALCO Enterprises, Inc. announced the sale by Mid-America
Capital Resources, Inc. of an additional 500,000 shares of its
investment in Internet Capital Group, Inc. as disclosed in the
following press release:
IPALCO
ENTERPRISES
One Monument Circle P.O. Box 1595
Indianapolis, Indiana 46206-1595
World Wide Web: http://www.ipalco.com
N E W S R E L E A S E
Media Contact: Marni Lemons (317) 261-8219
e-mail - [email protected]
Investor Contact: Tracy Venable (317) 261-8259
e-mail - [email protected]
- IPALCO Announces Sale of Additional ICGE Stock Holdings -
Indianapolis, February 22, 2000 - IPALCO Enterprises, Inc.,
(NYSE:IPL), the parent company of Indianapolis Power & Light
Company and Mid-America Capital Resources, Inc., today announced
the sale of an additional 500,000 shares of Internet Capital
Group, Inc. (Nasdaq:ICGE), representing substantially all of Mid-
America's remaining interest in ICGE. The stock sold at an
average price of $113.62 per share. On February 3, 2000, IPALCO
announced that Mid-America sold 500,000 shares of ICGE at an
average price of $112.73 per share.
Prior to both sales, Mid-America held 1,030,600 shares of ICGE,
an internet holding company, at a cost of $1.2 million.
"The after-tax proceeds from the sales of stock will be applied
primarily to the reduction of IPALCO's outstanding unsecured
debt," said John R. Hodowal, IPALCO Chairman and President.
Hodowal said the ICGE transaction was one element of the overall
investment strategy of Mid-America Capital Resources, which
recently announced its investment of $15 million in EnerTech
Capital Partners II L.P., a venture capital fund affiliated with
Safeguard Scientifics, Inc.
IPALCO Enterprises, Inc. is a multi-state energy company
providing a variety of energy products and services. Its primary
subsidiary, Indianapolis Power & Light Company, provides retail
electric service to approximately 430,000 commercial,
residential, and industrial customers in Indianapolis and
portions of other Central Indiana counties.
News releases and other information about IPALCO can be found on
the World Wide Web at www.ipalco.com.
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SIGNATURE
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 hereunto duly authorized.
Dated: February 22, 2000
IPALCO ENTERPRISES, INC.
By /s/ John R. Brehm
Name: John R. Brehm
Title: Vice President and Treasurer
