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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 7, 2000
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Providence Energy Corporation
(Exact name of registrant as specified in its charter)
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Rhode Island 1-10032 05-0389170
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
100 Weybosset Street 02903
Providence, Rhode Island (Zip Code)
(Address of principal
executive offices)
Registrant's telephone number, including area code (401) 272-5040
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Item 5. Other Events
Providence Energy Corporation (the "Company") has decided to explore a
number of strategic options related to its gas marketing subsidiary,
Providence Energy Services ("PES"), including the sale of the business. The
retail natural gas and electricity markets in New England have developed much
more slowly than expected. The Company has determined that it will be better
served by focusing on its core natural gas and oil distribution businesses.
Southern Union Company (which has agreed to acquire the Company pursuant to
an Agreement and Plan of Merger dated as of November 15, 1999) has approved
this decision. The Company's goal is to determine the course of action with
respect to PES by August 31, 2000. In the meantime, PES will continue to
operate in the ordinary course.
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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.
Providence Energy Corporation
By: /Susann G. Mark/
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Name: Susann G. Mark
Title: Vice President, General Counsel
and Corporate Secretary
Dated: July 7, 2000
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