IURC News Release

Indiana Utility Regulatory Commission������ ����������������������� �� ��������

302 West Washington Street, Room 306��������������������������������������������� �� ��������

Indianapolis Indiana 46204������������������������������������������������������ �� ��������

317.232.2297 office

317.233.1982 fax

www.state.in.us/iurc

Contact:� Mary Beth Fisher

For Immediate Release ������������������������������������������������������� ��������

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.

~30~