-----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, VgS/8NbgVOvlz+OxGSdPLvtJpEh0JxmQWgVx0HQbYHGBA4MZKYVXkTR49myREsr1 nxZn6yKxS0ejIv1ensvs4A== 0000081018-97-000011.txt : 19970416 0000081018-97-000011.hdr.sgml : 19970416 ACCESSION NUMBER: 0000081018-97-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970401 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970415 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE CO OF COLORADO CENTRAL INDEX KEY: 0000081018 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 840296600 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03280 FILM NUMBER: 97581039 BUSINESS ADDRESS: STREET 1: 1225 17TH ST STE 300 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: P O BOX 840 STE 300 CITY: DENVER STATE: CO ZIP: 80201 8-K 1 NEED TO FILL IN BEFORE FILING ================================================================================ 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) April 1, 1997 PUBLIC SERVICE COMPANY OF COLORADO ---------------------------------------- (exact name of registrant as specified in charter) Colorado -------------------- (State or other jurisdiction of incorporation) 1-3280 84-0296600 ---------------- ----------------- (Commission File No.) (IRS Employer Identification No.) 1225 Seventeenth Street, Denver, Colorado 80202 --------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code(303) 571-7511 ================================================================================ Item 2. Acquisition or Disposition of Assets. On April 1, 1997, Public Service Company of Colorado (the "Company") and American Electric Power ("AEP") announced that Yorkshire Holdings plc ("Yorkshire Holdings"), a joint venture among the Company and AEP, had declared the cash tender offer to purchase all the outstanding and to be issued shares of Yorkshire Electricity Group plc ("Yorkshire Electricity") wholly unconditional in all respects and, thereby, is committed to purchase all the outstanding shares of Yorkshire Electricity. Reference is made to the Company's Current Report on Form 8-K dated February 24, 1997, regarding the announcement of the offer to acquire Yorkshire Electricity. As of April 9, 1997, valid acceptances of Yorkshire Holdings' offer to purchase shares of Yorkshire Electricity had been received representing 144,280,070 shares or approximately 90.66% of Yorkshire Electricity's issued share capital. Under the provisions of the United Kingdom's Companies Act 1985, Yorkshire Holdings intends to exercise its rights to acquire, under the terms of the offer, the remaining shares in Yorkshire Electricity in respect of which acceptances of the offer have not yet been received. Total consideration to be paid by Yorkshire Holdings is estimated to be approximately $2.4 billion (1.5 billion pounds sterling). Yorkshire Holdings, is a wholly-owned subsidiary of Yorkshire Power Group Ltd. ("Yorkshire Power"), which is equally owned by subsidiary companies of the Company and AEP. The acquisition will be financed by Yorkshire Power through a combination of approximately 25% equity and 75% debt, including the assumption of the existing debt of Yorkshire Electricity. The funds for the acquisition will be obtained from the Company's and AEP's investment in Yorkshire Power of approximately $360 million (220 pounds sterling) each, with the remainder to be obtained by Yorkshire Power through the issuance of non-recourse debt. Yorkshire Power will, in turn, fund Yorkshire Holdings for the purpose of the acquisition. The Company initially funded its entire equity investment in Yorkshire Power through US $250 million of publicly issued medium-term notes with varying maturities and drawings of US $110 million on its short-term lines of credit pursuant to its short-term credit agreement with Bank of America as agent. Item 7. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. It is impracticable to provide the required financial statements for Yorkshire Electricity at the time this report is being filed. The required financial statements will be filed as soon as practicable, but not later than 60 days after this report is filed. (b) Pro Forma Financial Information. It is impracticable to provide the required pro forma financial information relative to Yorkshire Electricity at the time this report is being filed. The required pro forma financial information will be filed as soon as practicable, but not later than 60 days after this report is filed. 1 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. PUBLIC SERVICE COMPANY OF COLORADO /s/ R. C. Kelly ----------------------------- R. C. Kelly Senior Vice President, Finance, Treasurer and Chief Financial Officer Dated: April 15, 1997 2 -----END PRIVACY-ENHANCED MESSAGE-----