-----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, ObRNMRLdAh+VNfXmiB5h8qfsEdYmnfPe7qNvP/vMg4LygsoXkmfq0kO0CWjMlkNi IHUgMKm9GNhrc+3gz89h/Q== 0000950120-98-000239.txt : 19980625 0000950120-98-000239.hdr.sgml : 19980625 ACCESSION NUMBER: 0000950120-98-000239 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980604 ITEM INFORMATION: FILED AS OF DATE: 19980624 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENSERCH CORP CENTRAL INDEX KEY: 0000033015 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 750399066 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03183 FILM NUMBER: 98653418 BUSINESS ADDRESS: STREET 1: ENERGY PLAZA STREET 2: 1601 BRYAN STREET CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-812-46 MAIL ADDRESS: STREET 1: 300 S ST PAUL ST CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: LONE STAR GAS CO DATE OF NAME CHANGE: 19751015 8-K 1 FORM 8-K ================================================================= 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): JUNE 4, 1998 ENSERCH CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) TEXAS 1-3183 75-0399066 ----------------- --------------- ---------------- (STATE OR OTHER (COMMISSION (I.R.S. EMPLOYER JURISDICTION FILE NUMBER) IDENTIFICATION NO.) OF INCORPORATION) ENERGY PLAZA, 1601 BRYAN STREET, DALLAS, TEXAS 75201-3411 ----------------------------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (214) 812-4600 --------------- ================================================================= ITEM 5. OTHER EVENTS. ------------ Reference is made to (i) the sixth and seventh paragraphs of the Regulation and Rates section of Item 1 contained in the Registrant's Form 10-K for the fiscal year ended December 31, 1997 (10-K); (ii) the Regulation and Rates section of the Financial Condition section of Management's Discussion and Analysis of Financial Condition and Results of Operation contained in the 10-K; (iii) the Inquiry into Lone Star Gas Company Rates section of Note 10 of the financial statements contained in the 10-K and (iv) Note 7 of the financial statements contained in the Registrant's Form 10-Q for the quarter ended March 31, 1998. In August, 1996, the Railroad Commission of Texas (RRC) ordered a general inquiry (Gas Utility Docket 8647) into the rates and service of Lone Star Gas Company, a division of a wholly-owned subsidiary of the Registrant (Lone Star Gas). On June 4, 1998, Lone Star Gas announced that it had received RRC approval of a settlement agreement among it and various cities in Texas which had intervened in the proceeding. The settlement provides that Lone Star Gas will credit a total of $18 million to residential and commercial customers over the five-month periods of November 1998 through March 1999 and November 1999 through March 2000; and, accordingly, an average residential customer is expected to experience a $9 reduction in gas costs for the 10- month period. The earnings of Lone Star Gas will not be affected by the settlement due to reserves previously established. As a result of the settlement, Docket 8647 has been dismissed. As part of the settlement, Lone Star Gas and the intervenors agreed to dismiss their respective appeals of the prior Lone Star Gas city gate rate case (Gas Utilities Docket 8654). -2- 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 thereunto duly authorized. ENSERCH CORPORATION By: /s/ Robert S. Shapard --------------------------- Name: Robert S. Shapard Title: Treasurer and Assistant Secretary Dated: June 24, 1998 -3- -----END PRIVACY-ENHANCED MESSAGE-----