<PAGE> 1
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: February 7, 1994
LONG ISLAND LIGHTING COMPANY
(Exact name of registrant as specified in charter)
<TABLE>
<S> <C> <C>
New York 1-3571 11-1019782
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
</TABLE>
175 East Old Country Road, Hicksville, New York 11801
516-933-4590
(Address and telephone number of Principal Executive Offices)
<PAGE> 2
Item 1. Changes in Control of Registrant
Not applicable.
Item 2. Acquisition or Disposition of Assets
Not applicable.
Item 3. Bankruptcy or Receivership
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not applicable.
Item 5. Other Information
The Company reported earnings of $2.15 per common share on
revenues of $2,880,995,000 for the year ended December 31, 1993. In the
comparable 1992 period, earnings per common share were $2.14 on revenues of
$2,621,839,000. The average number of common shares outstanding in the two
periods were 112,057,000 and 111,439,000, respectively.
Overall earnings remained stable in 1993 while the Company's cash
flow position continued to improve, consistent with the 1989 Settlement. The
earnings in the electric business were lower in 1993 when compared to 1992 due
primarily to the expensing of certain costs related to the 100-year storm,
lower interest rates associated with the short-term investments, and regulatory
adjustments. The lower level of earnings in the electric business was offset
by a significant increase in the gas business earnings. The Company saw
continued expansion in the gas business in 1993.
-2-
<PAGE> 3
LONG ISLAND LIGHTING COMPANY
FINANCIAL SUMMARY
(In Thousands Except Per Share Amounts)
<TABLE>
<CAPTION>
Twelve Months Ended
December 31
----------------------------------
1993 1992
----------------------------------
<S> <C> <C>
Revenues $ 2,880,995 $ 2,621,839
Operating Income $ 755,551 $ 741,105
Earnings for Common Stock $ 240,455 $ 238,020
Average Common Shares Outstanding 112,057 111,439
Earnings Per Common Share $2.15 $2.14
Dividends Declared Per Common Share $1.76 $1.72
</TABLE>
Item 6. Resignations of Registrant's Directors
Not applicable.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
Not applicable.
Item 8. Change in Fiscal Year
Not applicable.
-3-
<PAGE> 4
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.
LONG ISLAND LIGHTING COMPANY
Registrant
By ANTHONY NOZZOLILLO
--------------------------------
ANTHONY NOZZOLILLO
Senior Vice President - Finance
Dated: February 7, 1994
-4-
