FERC approves acquisition of IPALCO by the AES Corporation

All required regulatory approvals required for completion of the transaction have now been issued except for that of the Securities and Exchange Commission. The acquisition is scheduled to close within five business days of SEC approval.

CARY, N.C., Feb. 28, 2001 (PRNewswire) – SRS (Strategic Resource Solutions Corp.), a subsidiary of Progress Energy (NYSE: PGN), is partnering with Marine Corps Air Station (MCAS) Cherry Point to save approximately $1.3 million annually through an innovative energy conservation program.

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