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): January 7, 1994
IOWA SOUTHERN UTILITIES COMPANY
(filed by IES UTILITIES INC. on behalf of IOWA SOUTHERN UTILITIES COMPANY)
(Exact name of registrant as specified in its charter)
Iowa 0-849 42-0334900
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
300 Sheridan Avenue, Centerville, Iowa 52544
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 515-437-5200
Item 2. Acquisition and Disposition of Assets.
On June 4, 1993, IES Industries Inc. (IES) announced that its wholly-owned
utility subsidiaries, Iowa Electric Light and Power Company (IE) and Iowa
Southern Utilities Company (IS), filed applications for regulatory authority to
merge. The merger became effective December 31, 1993, following receipt of all
necessary board, shareholder and regulatory approvals.
IE is and IS was a public utility operating company engaged in supplying
electric energy and natural gas in the State of Iowa. IE also supplies, to a
limited extent, steam for heating and industrial processing. IE is the
surviving corporation and has been renamed IES Utilities Inc. The outstanding
shares of common stock of IS have been cancelled and retired, and the separate
existence of IS has ceased. IES Utilities Inc. serves a total of 325,000
electric and 170,000 natural gas retail customers as well as 32 resale customers
in more than 550 Iowa communities. IES Utilities Inc., is the principal
subsidiary of IES.
The IES Press Release announcing the effective date of the merger is
attached hereto and incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
*2(a) Agreement and Plan of Merger between IE and IS
dated as of June 4, 1993 ("Agreement and Plan of
Merger") (Filed as Exhibit 2 to the IS Current
Report on Form 8-K, dated June 4, 1993 (File
No. 0-849)).
*2(b) Amendment 1 dated June 16, 1993, to the Agreement
and Plan of Merger (Filed as Exhibit 2(b) to the
IE Registration Statement on Form S-3, dated
September 14, 1993 (File No. 33-68796)).
*2(c) Amendment 2 dated September 8, 1993, to the
Agreement and Plan of Merger (Filed as Exhibit
2(c) to the IE Registration Statement on Form
S-3, dated September 14, 1993 (File No.
33-68796)).
*2(d) Amendment 3 dated September 27, 1993, to the
Agreement and Plan of Merger (Filed as Exhibit
2(d) to the IS Current Report on Form 8-K, dated
December 9, 1993 (File No. 0-849)).
99 IES Press Release dated December 30, 1993.
__________________________________________
*This exhibit was previously filed as an exhibit to a
registration statement or report previously filed with
the Commission under the file and exhibit numbers shown
after each such exhibit and is hereby incorporated by reference herein.
SIGNATURES
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.
IOWA SOUTHERN UTILITIES COMPANY
(filed by IES UTILITIES INC. on behalf of IOWA SOUTHERN UTILITIES COMPANY)
(Registrant)
Date January 7, 1994 By /s/ Blake O. Fisher, Jr.
(Signature)
Blake O. Fisher, Jr.
IES Utilities Inc.
Executive Vice President, Chief
Financial Officer and Director
SIGNATURES
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.
IOWA SOUTHERN UTILITIES COMPANY
(filed by IES UTILITIES INC. on behalf of IOWA SOUTHERN UTILITIES COMPANY)
(Registrant)
Date January 7, 1994 By /s/ Blake O. Fisher, Jr.
(Signature)
Blake O. Fisher, Jr.
IES Utilities Inc.
Executive Vice President, Chief
Financial Officer and Director
IES INDUSTRIES INC.
December 30, 1993
Contact: Colleen Dykes
319/398-7288
Broadcast Line Actuality
1-800-972-5321
Iowa Electric/Iowa Southern Merger Complete
CEDAR RAPIDS, IA---Iowa Electric Light and Power Co. and Iowa Southern
Utilities Co. will merge to form IES Utilities Inc. (IESU). The merger
will become effective December 31, 1993, as a result of the approval
granted December 3, 1993, by the Federal Energy Regulatory Commission
(FERC). The merger application was filed June 4, 1993. The application
was reviewed by several regulatory agencies including FERC and the Iowa
Utilities Board.
IES Utilities Inc. serves a total of 325,000 electric and 170,000
natural gas retail customers as well as 32 resale customers in more than
550 Iowa communities. IES Utilities Inc. is the principal subsidiary of
IES Industries Inc. in Cedar Rapids.
"We are pleased the merger has been completed in such a timely
fashion," said Robert J. Latham, Vice President Corporate Affairs and
Planning at IES Industries. "This merger will provide greater certainty
for the future for IESU customers, employees and communities."
Within five years, it is estimated that the merger will provide
benefits of approximately $15 million annually, Latham said. The primary
source of these savings is in electric generation and transmission
planning.
There are no proposed changes in natural gas or electric prices for
customers as a result of this merger. Long-term expectations are for cost-
based pricing among customers classes and aggressive promotion of energy
efficiency and demand-side management programs. Any future price changes
would require regulatory approval.
"IES Utilities Inc. will continue to be a leader in economic
development programs that promote the state of Iowa for new business and
expansion of existing business," Latham said. IES Utilities will have an
active environmental program, exemplified by its award-winning tree
planting effort called Branching Out. Its demand-side management programs
and energy efficiency incentives have also received recognition nationwide.
Lee Liu will serve as Chairman and Chief Executive Officer of IES
Utilities.
