UNITED STATES
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): February 1, 1995
CENTRAL LOUISIANA ELECTRIC COMPANY, INC.
(Exact name of registrant as specified in its charter)
Louisiana 1-5663 72-0244480
(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation) Identification No.)
2030 Donahue Ferry Road,
Pineville, Louisiana 71360-5226
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (318) 484-7400
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Item 5. Other Events
On February 1, 1995 Central Louisiana Electric Company, Inc. (CLECO) and
Teche Electric Cooperative, Inc. (Teche) executed a purchase and sale agreement
regarding a purchase of all of the assets of Teche by CLECO. Teche members
will vote on the purchase and sale agreement at their annual meeting on March
11, 1995. Besides approval by Teche members, the purchase and sale agreement
is subject to approval by governmental authorities, including the Louisiana
Public Service Commission and the Rural Utilities Service (formerly the Rural
Electrification Administration), successful resolution of Teche's power supply
contract with Cajun Electric Cooperative and certain other conditions. The
purchase price under the purchase and sale agreement, including CLECO's
assumption or other discharge of Teche's liabilities, is approximately $22.4
million.
Teche serves about 8,600 customers and its service area, which is comprised
of parts of Iberia, St. Martin and St. Mary parishes, is adjacent to CLECO's
service area. Based on available data, the acquisition of Teche would result
in an increase in CLECO's kilowatt-hour sales to regular customers of about
2.4%.
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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, hereunto duly authorized.
Central Louisiana Electric Company, Inc.
(Registrant)
By: David M. Eppler
David M. Eppler
Vice President - Finance
Date: February 10, 1995
