-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, CqyaWtdZeZ8mMWywplk+3j3+ytK9jfE4ngdMeALZ9gly2udPf5t4Vzi9qKxYbAoa 07WEuhWYGobC0tPS6PP96A== 0000018672-94-000006.txt : 19940302 0000018672-94-000006.hdr.sgml : 19940302 ACCESSION NUMBER: 0000018672-94-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19940301 ITEM INFORMATION: 5 ITEM INFORMATION: 7 FILED AS OF DATE: 19940301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL LOUISIANA ELECTRIC CO INC CENTRAL INDEX KEY: 0000018672 STANDARD INDUSTRIAL CLASSIFICATION: 4911 IRS NUMBER: 720244480 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 34 SEC FILE NUMBER: 001-05663 FILM NUMBER: 94513929 BUSINESS ADDRESS: STREET 1: 2030 DONAHUE FERRY RD CITY: PINEVILLE STATE: LA ZIP: 71360 BUSINESS PHONE: 3184847400 MAIL ADDRESS: STREET 1: P O BOX 5000 CITY: PINEVILLE STATE: LA ZIP: 71361-5000 8-K 1 8-K - TECHE FEBRUARY 1994 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 (Date of earliest event reported): February 22, 1994 CENTRAL LOUISIANA ELECTRIC COMPANY, INC. (Exact name of registrant as specified in its charter) Louisiana 1-5663 72-0244480 (State or other jurisdiction (Commission file number) (IRS Employer of incorporation) Identification No.) 2030 Donahue Ferry Road, Pineville, Louisiana 71360-5226 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (318) 484-7400 Item 5. Other Events - ------- ------------ Central Louisiana Electric Company, Inc. (the "Company") announced its interest in purchasing Teche Electric Cooperative, Inc. ("Teche"). Gregory L. Nesbitt, president and chief executive officer of the Company proposed to the president of the cooperative that the two utilities explore the acquisition of Teche by the Company. The cooperative's service area, which is in Iberia, St. Martin and St. Mary parishes (counties), is adjacent to and very similar to the Company's. Its customer base is approximately 8,600 customers. On February 23, 1994, Teche officials issued a news release indicating their intent to resist the acquisition. Item 7. Financial Statements and Exhibits - ------- --------------------------------- (c) Exhibits. 1 News Release dated February 22, 1994 announcing Central Louisiana Electric Company's interest in purchasing Teche Electric Cooperative. SIGNATURE 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. Central Louisiana Electric Company, Inc. (Registrant) By: David M. Eppler --------------------------- David M. Eppler Vice President - Finance Date: March 1, 1994 8K-FEB94.MS VR 50-01-000001 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 CENTRAL LOUISIANA ELECTRIC COMPANY, INC. EXHIBITS TO CURRENT REPORT ON FORM 8-K DATED FEBRUARY 22, 1994 Commission File Number 1-5663 EX-1 2 EXHIBIT 1 NEWS RELEASE - TECHE CENTRAL LOUISIANA ELECTRIC COMPANY ANNOUNCES INTEREST IN PURCHASING TECHE ELECTRIC COOPERATIVE PINEVILLE, La., February 22, 1994---Central Louisiana Electric Company, Inc. (CLECO) today announced its interest in purchasing Teche Electric Cooperative, Inc. (Teche). Gregory L. Nesbitt, president and chief executive officer of CLECO, proposed to the president of the cooperative in a meeting today that the two utilities explore the acquisition of Teche by CLECO. Mr. Nesbitt said that Teche's average electric rates in 1993 were more than 20% higher than CLECO's, noting that CLECO's rates were among the lowest in Louisiana and the region. He said CLECO's lower rates would be of significant benefit to Teche's customers and to the economy of the area, while the additional business represented by the Teche system would benefit CLECO's customers and shareholders. Further, according to Mr. Nesbitt, Teche members would receive full cash payment of their capital credit, or patronage, accounts upon consummation of the acquisition. He also said it is anticipated that the cooperative's employees would become CLECO employees with the purchase. Mr. Nesbitt said that Teche's service area, which is in Iberia, St. Martin and St. Mary parishes (counties), is adjacent to and very similar to CLECO's. He noted that the electric systems are interconnected, and that one of CLECO's electric generating stations is located in the service area shared by the two utilities. Mr. Nesbitt said that based on available information, upon completion of the transaction, CLECO's customer base of some 212,600 customers would expand by about 4% with the addition of Teche's approximately 8,600 customers; CLECO's peak demand would grow by an estimated 2.9%; electric sales would rise by approximately 2.4%; operating revenues would increase by about 3.5%; and assets would grow by about 2.0%. "We hope that when Teche's management and board consider this offer, they will agree with us that this is in Teche's best interest and they will submit it to Teche's members for consideration. Although there are still some details to be worked out, we believe a combined CLECO-Teche Electric could be good for everyone," Mr. Nesbitt said. He noted that any purchase would require approvals of the Louisiana Public Service Commission, the Rural Electrification Administration and other governmental agencies and would be subject to due diligence review and certain other conditions. CLECO (NYSE-CNL) operates solely in Louisiana as an electric utility in 23 of the state's parishes. ### For more information at CLECO, contact: David M. Eppler Carman S. Luneau Vice President, Finance or Director, Investor Relations (318) 484-7400 -----END PRIVACY-ENHANCED MESSAGE-----