PSEG Global purchases Saesa Group from COPEC

Additionally, PSEG Global reached agreement to purchase directly from COPEC approximately 14% of Empresa Electrica de la Frontera S.A. (Frontel) not owned by Saesa. The purchase, held through a private auction, will total approximately $460 million. JPMorgan acted as exclusive financial advisor of PSEG in the transaction.

INDIANAPOLIS, Ind., March 9, 2001 (PRNewswire) – The Federal Energy Regulatory Commission issued an order March 8, 2001, approving the acquisition of IPALCO Enterprises by The AES Corporation in a stock-for-stock transaction announced July 17, 2000.


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