Date: Thu, 20 Nov 1997 19:15:57 GMT Server: NCSA/1.5.2 Last-modified: Mon, 24 Feb 1997 22:16:26 GMT Content-type: text/html Content-length: 2819 Southern Electric Joins Zeigler, NRG bid for Cajun

FOR IMMEDIATE RELEASE October 1, 1996


Southern Electric Joins Zeigler,
NRG bid for Cajun

Fairview Heights, Ill., October 1, 1996 ­ Zeigler Coal Holding Company (NYSE: ZEI) confirmed today that Southern Electric International, Inc. has joined in the offer by NRG Energy and Zeigler to purchase the non-nuclear assets of Cajun Electric Power Cooperative of Baton Rouge, La. The newly combined offer was incorporated in an amended plan filed by the Cajun trustee in bankruptcy court yesterday. Under the plan, the assets would be acquired by Louisiana Generating, LLC, which would be owned by affiliates of Southern Electric, NRG Energy and Zeigler. Southern Electric will be withdrawing the competing plan it filed June 26.

A Zeigler subsidiary has supplied nearly all of the coal provided to Cajun since 1982. The Zeigler family of companies is among the largest coal producers and marketers in the United States, and controls more than 1.3 billion tons of economically recoverable coal reserves, including 1 billion tons of low sulfur coal. The Zeigler family of companies currently operates underground and surface coal mining complexes in Illinois, Kentucky, Ohio, West Virginia and Wyoming. In addition, the company owns and operates two East Coast transloading terminals and the ENCOAL clean coal technology corporation.

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