Exhibit 99.1 AEP, CSW Extend Merger Agreement (Note: This is a press release issued jointly by AEP and CSW on Dec. 16.) AEP, CSW AMEND MERGER AGREEMENT TO EXTEND TERM FOR AN ADDITIONAL SIX MONTHS Columbus, Ohio, and Dallas, Texas (Dec. 16, 1999) --...CSW Extend Merger Agreement • December 17th, 1999 • West Texas Utilities Co • Electric services
Contract Type FiledDecember 17th, 1999 Company IndustryColumbus, Ohio, and Dallas, Texas (Dec. 16, 1999) -- American Electric Power and Central and South West Corp. have mutually agreed to amend the agreement for the pending merger of the two companies to extend its term. This will allow additional time to satisfy the closing conditions contained in the agreement. This amendment to the merger agreement, approved by the boards of directors of each company, requires that AEP and CSW gain final approvals before June 30, 2000. The original merger agreement listed a Dec. 31, 1999 deadline.
2. The Merger shall be consummated pursuant to Article 2 of the Merger Agreement provided that on or before the Effective Date all closing conditions set forth in the Merger Agreement shall be satisfied or, if permitted by the Merger Agreement, waived...West Texas Utilities Co • December 17th, 1999 • Electric services
Company FiledDecember 17th, 1999 Industry