Ameren to buy CILCORP makes Illinois second largest utility
Ameren Corp to acquire CILCORP from AES for 541 million with 860 million debt, valuing the deal at 1.4 billion. The move positions Ameren as Illinois second largest utility behind ComEd, serving 1.7 million electric and 500,000 gas customers. CILCO serves 150 central and east central Illinois communities. AmerenCIPS covers west central to southern Illinois. Regulatory approval required. staff levels to reduce by attrition. CILCO would remain Peoria headquartered as AmerenCILCO, an Ameren subsidiary.
MENTIONED IN THIS ARTICLE
ST. Louis
Ameren Corp
Central Illinois Light Co
Ameren
Illinois
Commonwealth Edison
CILCO
Bemont
Tuscola
Arthur
Ameren Electric
Cilcorp
Mueller
Peoria
Amerencilco
Susan Reidy
Sreidy
Heraldreview.com
Illinois farm groups hail tentative farm bill deal
Washington Illinois farm groups praised the outline of a tentative agreement on a farm bill boosting agriculture spending by 70 percent and adding new programs. The deal would provide 73.5 billion dollars in new spending over 10 years, with soybeans gaining a formal commodity program and subsidies available independent of market prices. Theresa Miller of the Illinois Soybean Producers Association welcomed the move toward a level playing field with other commodities.
MENTIONED IN THIS ARTICLE
Washington
Illinois
Senate
House
Chuck Spencer
Illinois Farm Bureau
Jim Eichhorst
Tim Johnson
Rsidney
House Agriculture Committee
Theresa Miller
Illinois Soybean Producers Association
Illinois Poll: Voters Call for Gov Ryan to Resign
A statewide poll for the St. Louis Post-Dispatch and KMOV TV shows 67 percent of Illinois voters say Gov. George Ryan should not finish his term, which ends in January. Forty-one percent strongly agree he should resign amid a bribery and federal probe into his campaign fund described as a criminal enterprise.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
George Ryan
St. Louis Post-Dispatch
Kmovtv
St. Louis
Ryan
Polt
Illinois Secretary of State’s
Leaders educate Illinois residents on money and finance
More than 250 business civic and education leaders gather for a two day conference at the Palmer House Hilton in Chicago sponsored by the Illinois Office of Banks and Real Estate. The event opens with a focus on teaching children financial literacy and improving high school programs with keynote speakers Joanne Dempsey Terry Savage and Susie Irvine.
MENTIONED IN THIS ARTICLE
Springfield
Palmer House Hilton Hotel
Chicago
Illinois Office of Banks and Real Estate
Joanne R. Dempsey
Illinois Council On Economic Education
Northern Illinois University
Terry Savage
Savage
Chicago Sun- Times
Susie Irvine
American Financial Services Association
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