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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report March 8, 1995
I.R.S.
Commission Employer
File State of Identification
Number Registrant Incorporation Number
001-11227 Washington Energy Company Washington 91-1005304
001-11271 Washington Natural Gas Company Washington 91-1005303
815 Mercer Street, Seattle, Washington 98111
(Address of Registrant's principal executive offices)
Registrant's telephone number, including area code: (206) 622-6767
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Item 5. Other Events
On March 3, 1995, Washington Energy Company made the following press release:
WASHINGTON NATURAL GAS SEEKS RATE INCREASE
SEATTLE -- Washington Natural Gas, the utility subsidiary of Washington
Energy Company, filed a general rate case today with the Washington Utilities
and Transportation Commission. The filing, if approved, seeks to raise rates
by 8.5 percent, or $35.4 million overall on an annual basis.
As part of its request, in a separate filing, the company has petitioned
that $17.8 million annually, or approximately 50 percent of its total $35.4
million request, be granted as interim rate relief.
The request for increased rates reflects the higher cost of capital and
the interrelationship of costs and growth.
The company is requesting an overall rate of return of 10.39 percent.
Its current authorized rate of return is 9.15 percent.
The Commission may take up to 11 months to render a decision in this
proceeding. Washington Natural Gas requested the Commission review the
interim petition on an expedited basis.
Common stock in the parent company, Washington Energy, trades on the New
York Stock Exchange under the symbol, "WEG."
Washington Natural Gas Company trades its preferred stock on the New
York Stock Exchange under the symbols "WNGPr" and "WNGPrA" (Series II and
Series III, respectively).
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.
WASHINGTON ENERGY COMPANY
by /s/ James P. Torgerson
Senior Vice President - Finance,
Planning and Development and
Chief Financial Officer
WASHINGTON NATURAL GAS COMPANY
by /s/ James P. Torgerson
Senior Vice President - Finance,
Planning and Development and
Chief Financial Officer
March 8, 1995
