-----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, fBH8fcKaaO6jS0y8LJI7aoC6MVe9htI4y6kSqJKpa7A/zIqOAjzIYCodTiDmLvjd td/qVSNS4UVsIFQcs7OMWg== 0000950123-95-001186.txt : 19950501 0000950123-95-001186.hdr.sgml : 19950501 ACCESSION NUMBER: 0000950123-95-001186 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950428 ITEM INFORMATION: Other events FILED AS OF DATE: 19950428 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LONG ISLAND LIGHTING CO CENTRAL INDEX KEY: 0000060251 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 111019782 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03571 FILM NUMBER: 95532874 BUSINESS ADDRESS: STREET 1: 175 E OLD COUNTRY RD CITY: HICKSVILLE STATE: NY ZIP: 11801 BUSINESS PHONE: 5169334590 8-K 1 FORM 8-K CURRENT REPORT 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: April 28, 1995 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 516-755-6650 (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 $.48 per common share on revenues of $791,188,000 for the three months ended March 31, 1995. In the comparable 1994 period, earnings per common share were $.50 on revenues of $872,143,000. The average number of common shares outstanding in the two periods were 118,712,000 and 112,536,000, respectively. The decrease in earnings reflects the Public Service Commission's recent electric rate decision which, among other things, provides for a lower allowed return on common equity for the electric business and eliminates certain performance incentives. Electric revenues were lower this quarter compared to the same period in 1994 largely as a result of the unusually warm winter. However, due to the Company's rate structure, the lower revenues had no impact on earnings. Gas business earnings increased for the three month period ended March 31, 1995, when compared to the same period in the prior year despite an unusually warm heating season which resulted in lower than anticipated sales. The increase in gas earnings is primarily attributable to lower operations and maintenance costs derived in part from the Company's cost containment measures. - 2 - 3 LONG ISLAND LIGHTING COMPANY FINANCIAL SUMMARY (In Thousands Except Per Share Amounts)
Three Months Ended March 31 -------------------------------- 1995 1994 -------------------------------- Revenues $ 791,188 $ 872,143 Operating Income $ 180,875 $ 183,865 Net Income $ 70,299 $ 69,620 Earnings for Common Stock $ 57,127 $ 56,348 Average Common Shares Outstanding 118,712 112,536 Earnings Per Common Share $.48 $.50 Dividends Declared Per Common Share $.445 $.445
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 /s/ THEODORE A. BABCOCK ------------------------------- THEODORE A. BABCOCK Treasurer Dated: April 28, 1995 - 4 - -----END PRIVACY-ENHANCED MESSAGE-----