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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) - MAY 11, 1998
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 5. OTHER EVENTS.
Reference is made to Minnesota Power & Light Company's (Minnesota Power or
Company) Annual Report on Form 10-K for the year ended December 31, 1997 for
background information on the following updates (1997 Form 10-K). Cited
references are to the Company's 1997 Form 10-K.
Ref. Page 1 - First Paragraph
On May 12, 1998 Minnesota Power shareholders approved changing the Company's
name to Minnesota Power, Inc. The new name recognizes the Company's transition
from a traditional regional electric utility to a diversified corporation that
serves a broad range of customers across North America. The new name builds
logically from the Company's current identity and preserves the Company's
Minnesota heritage. The new name is expected to become effective on May 27,
1998.
Ref. Page 12 - Insert after Sixth Paragraph.
On May 11, 1998 Florida Water Services Corporation, a wholly owned subsidiary of
the Company, signed an asset purchase and sale agreement to purchase Palm Coast
Utility Corporation (PCUC) from ITT Industries, Inc. (ITT). PCUC provides
service to 16,000 water and 14,000 wastewater customers in Flagler County,
Florida. The Company was granted an option to acquire PCUC in 1996 when the
Company acquired certain real estate assets from ITT in the PCUC service
territory.
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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
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(Registrant)
May 15, 1998 D. G. Gartzke
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D. G. Gartzke
Senior Vice President - Finance
and Chief Financial Officer
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