AES and EDF to acquire CSN’s interest in light

Under the agreement, an EDF subsidiary will purchase 70% of the shares to be sold while AES will purchase the remaining 30%. Closing of the transaction is subject to the receipt of certain consents and approvals from Brazilian regulatory authorities as well as other customary conditions. The sale is expected to close before the end of the first quarter of 2001.

CARY, N.C., Dec. 12, 2000 (PRNewswire) — SRS (Strategic Resource Solutions Corp.), a subsidiary of Progress Energy (NYSE: PGN) and the industry leader in integrated energy and facility management solutions, is saving Florence Public School District One $536,000 annually with the latest in innovative energy system upgrades.

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