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
November 15, 1995 (November 8, 1995)
Date of Report (Date of earliest event reported)
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.)
24th Floor, 130 East Randolph Drive, Chicago, Illinois 60601-6207
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 240-4000
122 South Michigan Avenue, Chicago, Illinois
(Former address, if changed since last report)
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 on Form 10-Q for the quarter ended June 30, 1995.
Utility Rate Proceedings
On November 8, 1995, the Illinois Commerce Commission
(Commission) issued an order approving changes in rates of The
Peoples Gas Light and Coke Company (Peoples Gas) that are
designed to increase annual revenues by approximately $30.8
million, exclusive of additional charges for revenue taxes.
Peoples Gas was allowed a rate of return on original-cost rate
base of 9.19 per cent, which reflects an 11.10 per cent cost of
common equity. The new rates were implemented on November 14,
1995.
On November 8, 1995, the Commission issued an order approving
changes in rates of North Shore Gas Company (North Shore Gas)
that are designed to increase annual revenues by approximately
$5.6 million, exclusive of additional charges for revenue taxes.
North Shore Gas was allowed a rate of return on original-cost
rate base of 9.75 per cent, which reflects an 11.30 per cent cost
of common equity. The new rates were implemented on November 14,
1995.
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)
November 15, 1995 By: /s/ K. S. BALASKOVITS
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(Date) K. S. Balaskovits
Vice President and Controller
