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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)
March 10, 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
of incorporation) File Number) Identification No.)
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
Set forth below in its entirety is a News Release issued by
ENSERCH Corporation on March 10, 1997.
ENSERCH/TEXAS UTILITIES MERGER CLEARS
DEPARTMENT OF JUSTICE; IRS RULING RECEIVED
DALLAS, TEXAS (March 10, 1997)--ENSERCH
Corporation (NYSE--ENS) and Texas Utilities Company
(NYSE--TXU) have been notified by the Department of
Justice (DOJ) that it has closed its investigation of
the pending merger between ENSERCH Corporation and
Texas Utilities Company. The DOJ indicated that the
investigation has been closed without the DOJ taking
any action or requiring Texas Utilities or ENSERCH to
take any action. The Securities and Exchange
Commission is proceeding with its approval process
under the Public Utility Holding Company Act of 1935
with regard to the proposed merger.
ENSERCH Corporation also announces that it has
received from the Internal Revenue Service (IRS) a
private letter ruling in connection with the pending
distribution of shares of Enserch Exploration, Inc.
(NYSE--EEX) to common stock shareholders of ENSERCH
Corporation. The distribution is to occur immediately
prior to the pending merger of ENSERCH and Texas
Utilities Company. The IRS has ruled that neither
ENSERCH nor its shareholders will recognize taxable
gain on the distribution. The ruling also describes the
allocation of tax basis of ENSERCH stock between the
shares of EEX to be distributed and shares of ENSERCH
common stock.
ENSERCH Corporation is an integrated natural-gas
company.
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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: March 12, 1997 By: /s/ J. W. Pinkerton
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J. W. Pinkerton
Vice President and Controller
