UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(D) of the
Securities Exchange Act of 1934
Date of Report : October 2, 2006
Date of earliest event being reported : September 14, 2006
IPALCO ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Commission file number: 1-8644
One Monument Circle
Indianapolis, Indiana 46204
(Address of principal executive offices, including zip code)
(317) 261-8261
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a- 12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On September 27, 2006, the Indiana Finance Authority ("IFA") issuedfor the account of Indianapolis Power & Light Company ("IPL")$40,000,000 principal amount of 4.55% insured first mortgage bonds due2024, the proceeds of which were loaned to IPL and are being held in escrow by the trustee to be used on December 1, 2006 to call at par $40,000,000 principal amount of 6-5/8% first mortgage bonds due 2024. The direction to call was delivered to the trustee on September 28, 2006. This financing activity will result in annual interest savings to IPL of approximately $830,000. On September 27, 2006, the IFA also issuedfor the account of the Company$60,000,000 principal amount of insured first mortgage auction rate bonds due2041, the proceeds of which were placed with the trustee to be made available to IPL as funds are spent on certain qualifying environmental facilities. The initial rate was set at 3.45%, and will be adjusted based upon a 7-day auction period beginning October 6, 2006 and every Monday thereafter (commencing October 16, 2006).
On September 14, 2006, IPL made a $37 million cash contribution to the Defined Benefit Pension Plan.
On September 29, 2006, IPL paid a dividend on its common stock in the amount of $31,125,000, and on September 21, 2006 declared a dividend on its common stock in the amount of $31,875,000, payable on November 15, 2006.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 2, 2005
IPALCO ENTERPRISES, INC.
By /s/ Frank Marino
Name: Frank Marino
Title: Vice President and Chief Financial Officer
