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 (Date of earliest event reported) December 9, 1994
PEOPLES ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
Illinois 1-5540 36-2642766
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
122 South Michigan Avenue, Chicago, Illinois 60603
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 431-4000
Item 5. OTHER EVENTS
RATES AND REGULATION
Reference is made to Note 4 "Rates and Regulation" to the
Financial Statements in the quarterly report of Peoples Energy
Corporation (the Company) on Form 10-Q for the quarter ended June
30, 1994.
Utility Rate Proceedings
On December 16, 1994, The Peoples Gas Light and Coke Company
(Peoples Gas) expects to file with the Illinois Commerce
Commission (Commission) proposed changes in rates that are
designed to increase annual revenues by about $59.9 million,
exclusive of additional charges for revenue taxes. Peoples Gas
is seeking a rate of return on original-cost rate base of 10.03
percent, which reflects a 12.7 percent cost of common equity.
On December 16, 1994, North Shore Gas Company (North Shore
Gas) expects to file with the Commission proposed changes in
rates that are designed to increase annual revenues by about
$10.1 million, exclusive of additional charges for revenue taxes.
North Shore Gas is seeking a rate of return on original-cost rate
base of 10.50 percent, which reflects a 12.6 percent cost of
common equity.
The Company expects that the Commission, following its usual
practices, would not issue decisions regarding Peoples Gas' and
North Shore Gas' rate increase requests until November 1995. The
Company cannot predict the outcome of its utility subsidiaries'
rate increase requests.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
PEOPLES ENERGY CORPORATION
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(Registrant)
December 9, 1994 By: / s/ K. S. BALASKOVITS
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(Date) K. S. Balaskovits
Vice President and Controller
