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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) -- January 25, 1996
MAPCO INC.
(Exact name of registrant as specified in its charter)
Delaware 1-5254 73-0705739
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
1800 South Baltimore Avenue
Tulsa, Oklahoma 74119
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (918) 581-1800
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On January 25, 1996, MAPCO Inc. issued the following press release:
Garrett County Maryland, January 25, 1996: Mettiki Coal Corporation, a
wholly-owned subsidiary of MAPCO COAL Inc., has finalized the negotiation of
one of the largest coal supply contracts ever awarded by The Virginia Electric
& Power Company. The 2.25-million-ton-per-year contract is a 10-year coal
supply agreement to begin in January 1997 for Virginia Power's Mount Storm
Power Station located in Mt. Storm, West Virginia. Virginia Power, the trade
name for Virginia Electric & Power company, is a subsidiary of Dominion
Resources Inc. and serves 1.9 million customers in Virginia and North Carolina.
Mettiki, located in Garrett County, Maryland, is one of the county's largest
employers with 270 full time employees, of which 30 percent live in West
Virginia. The deep mine utilizes longwall mining methods producing 70 percent
of Maryland's total annual coal production.
The economic benefits of this 10-year contract will be felt in both Maryland
and West Virginia. Currently, Mettiki's operation has an annual economic
impact of about $55 million. The regional annual economic impact is
approximately $25 million into Maryland and $15 million into West Virginia.
The transportation arrangements for this contract are still being evaluated.
MAPCO COAL Inc. also operates coal production and transloading facilities in
Kentucky, Illinois, Virginia and Indiana. Joseph W. Craft III, President of
MAPCO COAL, said, "The Virginia Power/Mettiki fuel supply agreement is an
example of the types of creative partnerships that MAPCO COAL will be seeking
to grow our company in the future."
Charlie Wesley, Vice President of Operations at Mettiki stated that, "The
employees at Mettiki are champions and are the foundation which will make MAPCO
COAL a championship company."
An operating subsidiary of MAPCO Inc., MAPCO COAL produces and markets
bituminous steam and metallurgical coal. MAPCO Inc. is a diverse energy
company with two principal operating subsidiaries in addition to MAPCO COAL.
MAPCO NATURAL GAS LIQUIDS operates natural gas liquids and ammonia pipelines,
fractionation and storage facilities and produces and markets natural gas
liquids and fertilizers. MAPCO PETROLEUM operates refineries and retail
marketing networks through the Mid-South and Alaska Systems.
MAPCO press releases are also available through the Internet:
http:\\www.mapcoinc.com
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
None.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
MAPCO INC.
By: /s/ James N. Cundiff
Name: James N. Cundiff
Title: Assistant General Counsel and Assistant Secretary
Date: February 1, 1996
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