For immediate release
October 11, 2000
St. Joseph, Missouri - St. Joseph Light & Power
Company (SJLP) (NYSE-SAJ) announced today that
UtiliCorp United Inc. (NYSE-UCU) informed the company
that UtiliCorp intends to conduct a further due
diligence investigation of SJLP's Lake Road power
plant.
According to UtiliCorp, the additional inquiry is
intended "to review and obtain a better understanding
of the scope of damages" caused by a fire that occurred
at the plant on June 7, 2000. UtiliCorp had indicated
that its investigation will take a minimum of six to
eight weeks to conclude.
In recent filings with the Missouri Public Service
Commission, both SJLP and UtiliCorp have requested the
Missouri Commission to continue its regulatory review
of SJLP's and UtiliCorp's proposed merger during the
pendency of UtiliCorp's ongoing due diligence
investigation.
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Contact: Jerry Musil, manager
Corporate Communications
816-387-6236 (office)
816-262-0374 (cellular)
[email protected] (email)
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Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. These forward-looking
statements reflect the Company's expectations and are based on
currently available information. Such statements include, but
are not limited to, information relating to the operations of the
Company, the outcome of regulatory proceedings, and the status,
timing and certainty of the proposed merger between the Company
and UtiliCorp. When used in this press release, the words
"anticipates," "believes," "expects," "intends" and similar
expressions as they relate to the Company or its management are
intended to identify such forward-looking statements. Actual
results, performance, achievements or other information may vary
materially from those expressed in, or implied by, such forward-
looking statements and are subject to numerous risks and
uncertainties. No assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what impact they will have on the
results of operations and financial conditions of the Company.
These statements are made in reliance upon the safe harbor
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
