September 5, 2001

IURC APPROVES IPALCO REFUND

Today the Indiana Utility Regulatory Commission approved a refund proposed by Indianapolis Power and Light.

The Company will compensate customers who were without power for more than 48 hours after the July 8^th storms. The $100 payments to customers will be in the form of a credit to the customer’s electric bill or a check, at the utility’s discretion.

The company assured the Commission that the money for the payments will not come from ratepayer funds, either now or in the future.

The first payments will be made in 60-days.

The IURC’s investigation into the company’s response to the July 8^th storm will continue.

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