-----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, Kl812hRuRmemYenBJt7D60s9+Bo/uFIpUCoTRwUQU+RqmZXmUlLjd+Y/df7NVR6n wZIWXlsWIV0ey0UvzQEWSQ== 0000950123-94-000325.txt : 19940209 0000950123-94-000325.hdr.sgml : 19940209 ACCESSION NUMBER: 0000950123-94-000325 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940207 ITEM INFORMATION: 5 FILED AS OF DATE: 19940208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LONG ISLAND LIGHTING CO CENTRAL INDEX KEY: 0000060251 STANDARD INDUSTRIAL CLASSIFICATION: 4931 IRS NUMBER: 111019782 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 34 SEC FILE NUMBER: 001-03571 FILM NUMBER: 94505047 BUSINESS ADDRESS: STREET 1: 175 E OLD COUNTRY RD CITY: HICKSVILLE STATE: NY ZIP: 11801 BUSINESS PHONE: 5169334590 8-K 1 LONG ISLAND LIGHTING COMPANY 1 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: February 7, 1994 LONG ISLAND LIGHTING COMPANY (Exact name of registrant as specified in charter) New York 1-3571 11-1019782 (State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)
175 East Old Country Road, Hicksville, New York 11801 516-933-4590 (Address and telephone number of Principal Executive Offices) 2 Item 1. Changes in Control of Registrant Not applicable. Item 2. Acquisition or Disposition of Assets Not applicable. Item 3. Bankruptcy or Receivership Not applicable. Item 4. Changes in Registrant's Certifying Accountant Not applicable. Item 5. Other Information The Company reported earnings of $2.15 per common share on revenues of $2,880,995,000 for the year ended December 31, 1993. In the comparable 1992 period, earnings per common share were $2.14 on revenues of $2,621,839,000. The average number of common shares outstanding in the two periods were 112,057,000 and 111,439,000, respectively. Overall earnings remained stable in 1993 while the Company's cash flow position continued to improve, consistent with the 1989 Settlement. The earnings in the electric business were lower in 1993 when compared to 1992 due primarily to the expensing of certain costs related to the 100-year storm, lower interest rates associated with the short-term investments, and regulatory adjustments. The lower level of earnings in the electric business was offset by a significant increase in the gas business earnings. The Company saw continued expansion in the gas business in 1993. -2- 3 LONG ISLAND LIGHTING COMPANY FINANCIAL SUMMARY (In Thousands Except Per Share Amounts)
Twelve Months Ended December 31 ---------------------------------- 1993 1992 ---------------------------------- Revenues $ 2,880,995 $ 2,621,839 Operating Income $ 755,551 $ 741,105 Earnings for Common Stock $ 240,455 $ 238,020 Average Common Shares Outstanding 112,057 111,439 Earnings Per Common Share $2.15 $2.14 Dividends Declared Per Common Share $1.76 $1.72
Item 6. Resignations of Registrant's Directors Not applicable. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits Not applicable. Item 8. Change in Fiscal Year Not applicable. -3- 4 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. LONG ISLAND LIGHTING COMPANY Registrant By ANTHONY NOZZOLILLO -------------------------------- ANTHONY NOZZOLILLO Senior Vice President - Finance Dated: February 7, 1994 -4- -----END PRIVACY-ENHANCED MESSAGE-----