SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
AMENDMENT NO. 3
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) - FEBRUARY 27, 1995
MINNESOTA POWER & LIGHT COMPANY
A Minnesota Corporation
Commission File No. 1-3548
IRS Employer Identification No. 41-0418150
30 West Superior Street
Duluth, Minnesota 55802
Telephone - (218) 722-2641
<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
This Amendment No. 3 to Minnesota Power & Light Company's (Company)
Current Report on Form 8-K dated February 27, 1995 is being filed to restate the
Company's financial data schedule for the year ended December 31, 1994. The
Company's 1995 Annual Report to Shareholders included reclassifications on the
Company's consolidated financial statements to reflect the way in which the
Company currently manages its businesses. The Company's 1996 Annual Report to
Shareholders reflected a reclassification made on the Company's Consolidated
Statement of Cash Flows to exclude income from equity investments - net of
dividends received from operating activities. This Amendment No. 3 includes only
the restated financial data schedule. The following tags have been restated:
[PERIOD-TYPE] YEAR
[PERIOD-END] DEC-31-1994
[TOTAL-NET-UTILITY-PLANT] 1,085,240
[OTHER-PROPERTY-AND-INVEST] 355,263
[OTHER-ASSETS] 1,885
[CASH-FLOW-OPERATIONS] 112,264
EXHIBITS
27 - Financial Data Schedule
-2-
<PAGE>
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.
Minnesota Power & Light Company
-------------------------------
(Registrant)
September 16, 1997 D.G. Gartzke
-------------------------------
D.G. Gartzke
Senior Vice President - Finance
and Chief Financial Officer
-3-
<PAGE>
EXHIBIT INDEX
Exhibit 27 - Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> UT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MINNESOTA
POWER'S CONSOLIDATED BALANCE SHEET, STATEMENT OF INCOME, AND STATEMENT OF CASH
FLOW FOR THE PERIOD ENDED DECEMBER 31, 1994, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JAN-01-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 1,085,240
<OTHER-PROPERTY-AND-INVEST> 355,263
<TOTAL-CURRENT-ASSETS> 266,138
<TOTAL-DEFERRED-CHARGES> 99,272
<OTHER-ASSETS> 1,885
<TOTAL-ASSETS> 1,807,798
<COMMON> 371,178
<CAPITAL-SURPLUS-PAID-IN> 0
<RETAINED-EARNINGS> 272,646
<TOTAL-COMMON-STOCKHOLDERS-EQ> 561,687
0
48,547
<LONG-TERM-DEBT-NET> 601,317
<SHORT-TERM-NOTES> 54,098
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 12,814
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 447,198
<TOT-CAPITALIZATION-AND-LIAB> 1,807,798
<GROSS-OPERATING-REVENUE> 582,169
<INCOME-TAX-EXPENSE> 20,657
<OTHER-OPERATING-EXPENSES> 458,269
<TOTAL-OPERATING-EXPENSES> 505,019
<OPERATING-INCOME-LOSS> 80,122
<OTHER-INCOME-NET> 4,840<F1>
<INCOME-BEFORE-INTEREST-EXPEN> 108,083
<TOTAL-INTEREST-EXPENSE> 46,750
<NET-INCOME> 61,333
3,200
<EARNINGS-AVAILABLE-FOR-COMM> 58,133
<COMMON-STOCK-DIVIDENDS> 56,664
<TOTAL-INTEREST-ON-BONDS> 44,452
<CASH-FLOW-OPERATIONS> 112,264
<EPS-PRIMARY> 2.06
<EPS-DILUTED> 2.06
<FN>
<F1>Includes Income from Equity Investments and Income from Discontinued
Operations.
</FN>
</TABLE>
