UNITED CITIES GAS CO
8-K, 1996-05-29
NATURAL GAS DISTRIBUTION
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 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)         May 24, 1996
                                                      --------------------------

                           United Cities Gas Company
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


Illinois & Virginia                    0-12841                    36-1801540
- --------------------------------------------------------------------------------

  (State or other                  (Commission File            (I.R.S. Employer
  jurisdiction of                      Number)               Identification No.)
  incorporation)


5300 Maryland Way, Brentwood, Tennessee                               37027
- --------------------------------------------------------------------------------
(Address of principal executive offices)                           (Zip Code)


   Registrant's telephone number, including area code      (615) 373-5310
                                                      --------------------------
<PAGE>   2

ITEM 5. OTHER EVENTS

         Pursuant to Instruction F to Form 8-K, the information contained in
the press release filed as Exhibit 99.1, hereto is hereby incorporated by
reference in answer to Item 5 of this Form 8-K.





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<PAGE>   3

                                   SIGNATURES

         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 hereunto duly authorized.

                                       UNITED CITIES GAS COMPANY


Date:  May 24, 1996                    By           /s/ James B. Ford
                                          --------------------------------------
                                                        James B. Ford
                                            Senior Vice President and Treasurer




                                    -3-
                                    
<PAGE>   4

                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT                                                                                                 SEQUENTIALLY
NUMBER                                      DESCRIPTION OF EXHIBIT                                     NUMBERED PAGE
 <S>               <C>                                                                                 <C>
 99.1              Press release dated May 24, 1996 relating to rate increase in Iowa

 </TABLE>





                                      E-1

<PAGE>   1
                                                                  Exhibit 99.1

                                 NEWS RELEASE


FOR RELEASE:                                                   CONTACT:
Immediately                                                    Linda A. Kelley
                                                               615-373-0104
                                                               Ext. 224


                 UNITED CITIES GRANTED RATE INCREASE IN IOWA



      BRENTWOOD, TENN.--May 24, 1996--United Cities Gas Co., (NASDAQ:UCIT),
a multistate distributor of natural and propane gas, announced today that the
Iowa Public Service Commission has granted the company a rate increase of
approximately $410,000 in annual revenues, reflecting a 11% return on equity
and 10.4% return on rate base.

      An overall rate increase of approximately 8% will go into effect June 1
for about 4,600 customers in or near the cities of Keokuk and Montrose, Iowa. 
The rate increase is a result of an application filed before the Commission in
December of 1995 to counter rising operating costs.

      United Cities Gas Company distributes natural and propane gas to
approximately 335,000 customers in ten states.  The company is also engaged in
other energy-related businesses.


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