Emel

Megawatt Daily 2/9/00

In September 2000, PP&L Global increased its ownership stake in Empresas Emel, an electric distribution utility in Chile. Emel serves 800,000 customers in Chile, Bolivia and El Salvador.

In Sep 2000 the company acquired 18.5% of Emel's outstanding shares, for about $ 44 million. In July, PP&L Global increased its holdings to 66.9% of all shares.

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