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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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)
August 6, 1997
ENSERCH Corporation
(Exact name of Registrant as specified in its charter)
Texas 1-3183 75-0399066
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
ENSERCH Center, 300 S. St. Paul, Dallas, Texas 75201
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including Area Code: 214-651-8700
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ITEM 5. Other Events
The merger of Enserch Exploration, Inc. with and into Lone
Star Energy Plant Operations, Inc. ("Preliminary Merger") was
consummated on Tuesday, August 5, 1997, pursuant to the Agreement
and Plan of Merger among Lone Star Energy Plant Operations, Inc.,
Enserch Exploration, Inc. and ENSERCH Corporation ("ENSERCH") dated
as of September 10, 1996. In this merger, Lone Star Energy Plant
Operations, Inc. changed its name to Enserch Exploration, Inc.
("New EEX").
Immediately following the Preliminary Merger, ENSERCH
distributed to its shareholders of record at the close of business
on August 4, 1996, its entire ownership interest in New EEX. In
the distribution, each ENSERCH shareholder will receive 1.4995056
shares of New EEX common stock for each one share of ENSERCH common
stock held. No fractional shares are to be issued and fractional
share interests will be paid in cash.
Also, on August 5, 1997, pursuant to the previously reported
Amended and Restated Agreement and Plan of Merger dated as of
April 13, 1996 (the "Plan of Merger") among Texas Utilities
Company, a Texas corporation ("Texas Utilities"), ENSERCH and TUC
Holding Company, a Texas corporation ("TUCHC"), TUC Merger Corp.
and ENSERCH Merger Corp., wholly owned subsidiaries of TUCHC, were
merged into Texas Utilities and ENSERCH, respectively (the
"Mergers"), and Texas Utilities and ENSERCH became wholly owned
subsidiaries of TUCHC. In connection with the Mergers, the name of
TUCHC was changed to Texas Utilities Company.
Under the terms of the Plan of Merger, each share of ENSERCH
common stock outstanding at the effective time of the Mergers
became exchangeable for 0.225 shares of TUCHC common stock and each
share of Texas Utilities common stock outstanding at the effective
time of the Mergers was automatically converted into one share of
TUCHC common stock. At the effective time of the Mergers, ENSERCH
had 70,494,540 shares of common stock outstanding and Texas
Utilities had 224,649,557 shares of common stock outstanding.
Fractional shares will not be issued, except to participants in the
ENSERCH Dividend Reinvestment Plan. In lieu thereof, holders of
fractional shares of TUCHC common stock will receive cash.
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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 thereunto duly authorized.
ENSERCH Corporation
Date: August 6, 1997 By: /s/ R. L. Jay
R. L. Jay
Assistant Corporate Secretary
