<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
AMENDMENT NO. 1
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 16, 1996
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
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
This Amendment No. 1 to Minnesota Power & Light Company's (Company)
Current Report on Form 8-K dated February 16, 1996 is being filed to restate the
Company's financial data schedule for the year ended December 31, 1995. 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. 1 includes only the restated financial data schedule. The
following tag has been restated:
[CASH-FLOW-OPERATIONS] 113,203
EXHIBITS
27 - Financial Data Schedule
-2-
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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
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D.G. Gartzke
Senior Vice President - Finance
and Chief Financial Officer
-3-
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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, 1995, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 1,123,659
<OTHER-PROPERTY-AND-INVEST> 324,992
<TOTAL-CURRENT-ASSETS> 251,965
<TOTAL-DEFERRED-CHARGES> 113,668
<OTHER-ASSETS> 133,341
<TOTAL-ASSETS> 1,947,625
<COMMON> 377,684
<CAPITAL-SURPLUS-PAID-IN> 0
<RETAINED-EARNINGS> 276,241
<TOTAL-COMMON-STOCKHOLDERS-EQ> 584,072
0
48,547
<LONG-TERM-DEBT-NET> 639,548
<SHORT-TERM-NOTES> 96,218
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 9,743
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 499,644
<TOT-CAPITALIZATION-AND-LIAB> 1,947,625
<GROSS-OPERATING-REVENUE> 672,917
<INCOME-TAX-EXPENSE> 1,155
<OTHER-OPERATING-EXPENSES> 566,060
<TOTAL-OPERATING-EXPENSES> 614,101
<OPERATING-INCOME-LOSS> 63,012
<OTHER-INCOME-NET> 7,044
<INCOME-BEFORE-INTEREST-EXPEN> 112,746
<TOTAL-INTEREST-EXPENSE> 48,041
<NET-INCOME> 64,705
3,200
<EARNINGS-AVAILABLE-FOR-COMM> 61,505
<COMMON-STOCK-DIVIDENDS> 57,910
<TOTAL-INTEREST-ON-BONDS> 42,602
<CASH-FLOW-OPERATIONS> 113,203
<EPS-PRIMARY> 2.16
<EPS-DILUTED> 2.16
</TABLE>
