-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ClamHo2tAivrS6KZVxWV2SfogTsVsCEzqE1wtnTVJ6gRTbW7MhfMkG1SdCAl2zEX 72j0G5Gvc6fEkG/OjJXkTg== 0000909518-99-000256.txt : 19990422 0000909518-99-000256.hdr.sgml : 19990422 ACCESSION NUMBER: 0000909518-99-000256 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19990421 GROUP MEMBERS: DUKE CAPITAL CORPORATION GROUP MEMBERS: DUKE ENERGY CORP GROUP MEMBERS: DUKE ENERGY GLOBAL ASSET DEVELOPMENT GROUP MEMBERS: DUKE ENERGY INTERNATIONAL LLC GROUP MEMBERS: DUKE ENERGY SERVICES, INC. GROUP MEMBERS: PANERGY CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL ELECTRICITY CO OF CHILE INC /ADR/ CENTRAL INDEX KEY: 0000926869 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-55931 FILM NUMBER: 99598372 BUSINESS ADDRESS: STREET 1: CITIBANK N A STREET 2: 111 WALL ST CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2126577691 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DUKE ENERGY CORP CENTRAL INDEX KEY: 0000030371 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 560205520 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 526 SOUTH CHURCH STREET CITY: CHARLOTTE STATE: NC ZIP: 28201-1006 BUSINESS PHONE: 7045946200 MAIL ADDRESS: STREET 1: 422 S CHURCH ST CITY: CHARLOTTE STATE: NC ZIP: 28242 FORMER COMPANY: FORMER CONFORMED NAME: DUKE POWER CO /NC/ DATE OF NAME CHANGE: 19920703 SC 14D1/A 1 =============================================================================== SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14D-1 TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AMENDMENT NO. 24 Empresa Nacional de Electricidad S.A. (Name of Subject Company) Duke Energy International, L.L.C. Duke Energy Corporation (Bidders) Common Stock, no par value (including that represented by American Depositary Shares) 29244T101 (Title of Class of Securities) (CUSIP Number of Class of Securities) Carol Graebner, Esq. General Counsel Duke Energy International, L.L.C. 5400 Westheimer Court Houston, Texas 77056-5310 Telephone: (713) 627-6542 Facsimile: (713) 627-5219 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidders) ---------------------------------- Copy to: Frederick S. Green, Esq. Ellen J. Odoner, Esq. Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, New York 10153-0119 Telephone: (212) 310-8000 Facsimile: (212) 310-8007 (Continued on following pages) (Page 1 of 15) ================================================================================ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS: Duke Energy International, L.L.C. - -------------------------------------------------------------------------------- S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS: 56-2051206 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) N/A - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: State of Delaware - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) N/A - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Page 2 of 15 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS: Duke Energy Global Asset Development, Inc. - -------------------------------------------------------------------------------- S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS: 88-0366429 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) N/A - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: State of Navada - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) N/A - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- Page 3 of 15 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS: Duke Energy Services, Inc. - ------------------------------------------------------------------------------- S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS: 48-0650320 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) N/A - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: State of Delaware - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) N/A - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- Page 4 of 15 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS: PanEnergy Corp. - ------------------------------------------------------------------------------- S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS: 74-2150460 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) N/A - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: State of Delaware - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) N/A - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- Page 5 of 15 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS: Duke Capital Corporation - ------------------------------------------------------------------------------- S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS: 51-0282142 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, WC,OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) N/A - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: State of Delaware - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) N/A - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- Page 6 of 15 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS: Duke Energy Corporation - ------------------------------------------------------------------------------- S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS: 56-0205520 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) N/A - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: State of North Carolina - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) N/A - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- Page 7 of 15 This Amendment No. 24 amends and supplements the Tender Offer Statement on Schedule 14D-1 filed on February 25, 1999, as amended and supplemented, by Duke Energy International, L.L.C., a Delaware limited liability company (the "BIDDER") and a wholly-owned, indirect subsidiary of Duke Energy Corporation, a North Carolina corporation ("DUKE"), with respect to the offer by Bidder to purchase for cash up to 602,828,970 shares of Common Stock, no par value (the "SHARES"), of Empresa Nacional de Electricidad S.A. (the "COMPANY"), a publicly traded stock corporation (sociedad anonima abierta) incorporated under the laws of the Republic of Chile, including Shares represented by American Depositary Shares, each representing 30 Shares and evidenced by American Depositary Receipts. ITEM 4. SOURCES AND AMOUNT OF FUNDS. Duke Capital Corporation and Nationsbank N.A. have agreed that the borrower under the facility contemplated by the commitment letter from Nationsbank (described in the U.S. Offer to Purchase, as amended and supplemented) will be Duke Energy International Chile Limitada, and that the facility will be guaranteed by Duke Capital Corporation. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT NUMBER DESCRIPTION - -------------- ----------- Exhibit (a)(74) Press release issued by Duke on April 20, 1999. Exhibit (a)(75) Advertisement published by the Purchaser in the Financial Times on April 21, 1999. Page 8 of 15 SIGNATURES After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: April 21, 1999 DUKE ENERGY INTERNATIONAL, L.L.C. By: BRUCE A. WILLIAMSON --------------------------------------------- Name: Bruce A. Williamson Title: President and Chief Executive Officer DUKE ENERGY CORPORATION DUKE ENERGY GLOBAL ASSET DEVELOPMENT, INC. DUKE ENERGY SERVICES, INC. PANENERGY CORP. DUKE CAPITAL CORPORATION By: BRUCE A. WILLIAMSON --------------------------------------------- Name: Bruce A. Williamson Title: Authorized person Page 9 of 15 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - -------------- ----------- Exhibit (a)(74) Press release issued by Duke on April 20, 1999. Exhibit (a)(75) Advertisement published by the Purchaser in the Financial Times on April 21, 1999. Page 10 of 15 EX-99 2 EXHIBIT (A)(74) Page 11 of 15 April 20, 1999 DUKE ENERGY REITERATES ITS TENDER OFFERS FOR ACQUIRING 60 PERCENT OF ENDESA CHARLOTTE -- Duke Energy (NYSE: DUK) has reiterated its tender offers to acquire 60 percent of Empresa Nacional de Electricidad S. A. (Endesa) for 275 Chilean pesos per share. As required by the process outlined last Friday by Chile's Superintendencia de Valores y Seguros (Securities and Insurance Commission), Duke Energy today disclosed that it would maintain its current tender offers for Endesa. "Our offers for Endesa represent tremendous value to Endesa shareholders," said Bruce Williamson, president and chief executive officer of Duke Energy International. "I want to remind shareholders that because of the higher percentage of shares Duke Energy continues to offer to purchase, if shareholders tender their shares to Duke Energy, they will collect significantly more cash compared to today's announced Enersis offer. I strongly feel that our offer will create a growing, independent Endesa for the good of Chile." Duke Energy announced on April 16 it had increased its tender offers for Endesa in Chile and in the United States to 275 Chilean pesos per share (8,250 pesos per ADS) and also increased the percentage of the outstanding shares of Endesa it is offering to purchase in its combined offers from 51 percent to 60 percent. The company is making the offers through its wholly owned subsidiary, Duke Energy International, L.L.C. (DEI) in the United States and, in Chile, its newly formed wholly owned subsidiary, Duke Energy Inversiones Uno Limitada. Duke Energy reminds Chilean shareholders outside of Santiago that they now have until Wednesday, April 21, at 14:00 to tender their shares in Duke Energy's Chilean auction. Chilean shareholders in Santiago have until Thursday, April 22, at noon to tender their shares. Duke Energy's remate is scheduled to take place on April 29, on the Bolsa Electronica de Chile. Duke Energy's U.S. Offer is presently set to expire at midnight New York City time on April 29, as announced Friday. "Chilean shareholders have a short time remaining to tender their shares and take advantage of the tremendous value the Duke Energy offers represent," said Williamson. "Duke Energy's tender offers continue to ensure that every Endesa owner can participate equally and are open to every shareholder at the same price and on the same terms." Duke Energy also reminds shareholders that it is a condition of Duke Energy's tender offers that at least 3,680,947,436 shares (representing 44.88 percent of Endesa's outstanding shares) be tendered in the Chilean Offer and that this condition may not be met if shareholders tender their shares in the Enersis remate. Duke Energy is a global energy company with more than $26 billion in assets. Headquartered in Charlotte, N.C., the company reaches into more than 50 countries, producing energy, transporting energy, marketing energy and providing energy services. In the United States, Duke Energy companies provide electric service to approximately two million customers in North Carolina and South Carolina; operate interstate pipelines that deliver natural gas to various regions of the country; and are leading marketers of electricity, natural gas and natural gas liquids. Additional information about the company is available on the Internet at: http://www.duke-energy.com. Page 12 of 15 CONTACT: BRYANT KINNEY OFFICE: 704/382-2208 24-HOUR: 704/382-8333 Page 13 of 15 EX-99 3 EXHIBIT (A)(75) Page 14 of 15 IMPORTANT MESSAGE FOR SHAREHOLDERS OF EMPRESA NACIONAL DE ELECTRICIDAD S.A. FROM DUKE ENERGY INTERNATIONAL LOOK BEYOND FACE VALUE As you consider the merits of Duke Energy International's offer for Endesa Chile, it is important to remember that: Duke Energy will purchase up to 602,828,970 Endesa common shares, including common shares represented by American Depository Shares at 8,250 Chilean pesos ($17.25 at the exchange rate on April 20) per ADS. Duke Energy's offer represents GREATER FULL VALUE for all shareholders and a commitment to a growing Endesa. THE U.S. OFFER EXPIRES AT MIDNIGHT NEW YORK CITY TIME (EST) ON APRIL 29, 1999. HOW TO TENDER YOUR SHARES: HARRIS TRUST COMPANY OF NEW YORK BY MAIL: BY FACSIMILE BY HAND OR TRANSMISSION: OVERNIGHT COURIER: WALL STREET STATION (FOR ELIGIBLE 88 PINE STREET POST OFFICE BOX 1023 INSTITUTIONS ONLY) 19TH FLOOR NEW YORK, NY 10268-1023 212.701.7636 OR NEW YORK, NY 10005 USA 212.701.7637 USA [DUKE ENERGY INTERNATIONAL LOGO] Page 15 of 15 -----END PRIVACY-ENHANCED MESSAGE-----