-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K35NOuIUsLLNOIrdeUqEoWbiF+07dGI1eyu7f5uEdvUlCKfPg+uTU3srIE8mvzxo tj1h2V/VQbMu0i7NzuMDew== 0000049816-98-000024.txt : 19980625 0000049816-98-000024.hdr.sgml : 19980625 ACCESSION NUMBER: 0000049816-98-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980624 ITEM INFORMATION: FILED AS OF DATE: 19980624 SROS: CSX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ILLINOIS POWER CO CENTRAL INDEX KEY: 0000049816 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 370344645 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03004 FILM NUMBER: 98653479 BUSINESS ADDRESS: STREET 1: 500 S 27TH ST STREET 2: C/O HARRIS TRUST & SAVINGS BANK CITY: DECATUR STATE: IL ZIP: 62525-1805 BUSINESS PHONE: 2174246600 FORMER COMPANY: FORMER CONFORMED NAME: ILLINOIS IOWA POWER CO DATE OF NAME CHANGE: 19660822 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 24, 1998 Commission Registrants; State of Incorporation; IRS Employer File Number Address; and Telephone Company Identification No. 1-11327 Illinova Corporation 37-1319890 (an Illinois Corporation) 500 S. 27th Street Decatur, IL 62525 (217) 424-6600 1-3004 Illinois Power Company 37-0344645 (an Illinois Corporation) 500 S. 27th Street Decatur, IL 62525 (217) 424-6600 Total number of sequentially numbered pages is 5. Item 5. Other Events - -------------------------------------------------------------------------------- Attached is a copy of a communication provided to the media on June 24,1998. For immediate release: June 24, 1998 For more information: Shirley J. Swarthout (217) 424-6400 ILLINOVA CHAIRMAN HAAB ANNOUNCES RETIREMENT; TUCSON ELECTRIC'S CHAIRMAN BAYLESS NAMED SUCCESSOR DECATUR, Ill. - Illinova Corp. Chairman, President and CEO Larry D. Haab announced today (June 24) that he will retire in August. Haab will be succeeded by Charles E. Bayless, who is widely recognized as one of the utility industry's leading chief executives and was recently awarded Financial World magazine's CEO silver award. Bayless, 55, is current chairman, president and CEO of Tucson Electric Power, based in Tucson, Ariz. Haab will hand over the titles of president and CEO effective July 6 and on Aug. 12 the additional post of chairman. "I'm eager for the opportunity to lead Illinova into the new era of electric utility deregulation," Bayless said. "As a strong supporter of regulatory reform, I've kept an eye on Illinova's legislative efforts for the past several years, and the Company has proved itself an exceptionally effective leader in this area. As Illinova's new president and CEO, I'm looking forward to working with Illinova employees to implement the strategies that will help us realize our vision of becoming a leading total energy services company." Haab's retirement ends a career at Illinova and Illinois Power that spanned four decades and included some of the most dramatic changes in the company's 75-year history, as well as some of the most dramatic changes in the electric and natural gas utility industry. "I'm proud to have played a leadership role in Illinova's transformation," Haab said. "In a few short years, we've remade ourselves from a local utility into a company with interests across the country and around the globe. Now, as Illinois and the rest of the nation prepare to open their energy markets to full competition, I think it's an appropriate time to pass the reins at Illinova into an individual who shares our vision." Robert M. Powers, senior member of the Illinova board of directors, said, "We appreciate Larry's significant contributions to the board over his years of service as a director, and then CEO and later as chairman. On a personal note, we also appreciate and will miss his personal warmth and integrity." Bayless joined Tucson Electric Power in 1989 as a senior vice president and chief financial officer. A year later he was elected president and CEO, and in January 1992, he was elected chairman of the board of directors. In the early 1990s, Bayless launched an extensive organizational and financial restructuring of the company, and in recent years, he has led Tucson Electric in an effort to allow Arizona utilities to compete in the electric energy market. Illinova Corp., headquartered in Decatur, Ill., is an energy services holding company with annual revenues of $2.5 billion. Its subsidiaries include Illinois Power, an electric and natural gas utility; Illinova Generating, which invests in, develops and operates independent power projects worldwide; and Illinova Energy Partners, which markets energy and energy-related services in the United States and Canada. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ILLINOVA CORPORATION (Registrant) By/s/Leah Manning Stetzner --------------------------- Leah Manning Stetzner General Counsel and Corporate Secretary on behalf of Illinova Corporation Date: June 24, 1998 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ILLINOIS POWER COMPANY (Registrant) By/s/Leah Manning Stetzner --------------------------- Leah Manning Stetzner Vice President, General Counsel, and Corporate Secretary on behalf of Illinois Power Company Date: June 24, 1998 -----END PRIVACY-ENHANCED MESSAGE-----