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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 4, 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
ENSERCH Corporation (ENS) announced that its subsidiary,
Enserch Exploration, Inc. (EEX), today issued a press release and
filed a Form 8-K indicating that a review and evaluation of the
commercial feasibility of its non-producing oil and gas
properties is being conducted and that, based upon this
preliminary evaluation, EEX expects a material downward revision
of its oil and natural gas reserves. EEX has indicated that it
anticipates at this time that the amount of the downward revision
of its proven non-producing reserves will fall within a range of
500 billion cubic feet equivalent (Bcfe) and 700 Bcfe.
In association with the merger of ENS and Texas Utilities
Company (TXU), ENS will distribute to its shareholders of record
as of the close of business August 4, 1997, all of its common
stock ownership in EEX. After the merger is completed, which is
expected to occur August 5, 1997, neither ENS nor TXU will have
any continuing ownership interest in EEX.
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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 4, 1997 By: /s/ R. L. Jay
R. L. Jay
Assistant Corporate Secretary
