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Item 5. OTHER EVENTS
On November 5, 1999, Peoples Energy Corporation will commence presentations before security analysts wherein the company will discuss fiscal year 1999 results, the company's outlook and strategy and financial projections for fiscal year 2000 and selected financial projections concerning periods after fiscal year 2000. The company is filing this 8-K to give broad disclosure to such forward-looking information.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
The following is filed as an exhibit to this report.
Exhibit
Number Description
99 The following exhibit outlines the information to be presented by Peoples Energy Corporation to security analysts commencing on November 5, 1999.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Forward Looking Information. This Current Report on Form 8-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, such as business plans, expectations for future development and earnings growth, and other information not of a strictly historical nature. Actual results could differ materially from such expectations because of many uncertainties, including, but not limited to: general U.S. and Illinois economic conditions; business and competitive conditions resulting from deregulation and consolidation of the energy industry; the timing and extent of changes in energy commodity prices and interest rates; adverse results in material environmental litigation; regulatory developments in Illinois and other states where the company does business; the company's success in identifying diversified energy projects on financially acceptable terms and successfully developing and operating such projects; the successful implementation of the company's new customer information system; and the ability of various vendors and others with whom the company interacts to complete Year 2000 readiness efforts in a timely manner that allows them to continue normal business transactions with the company without disruption. Some of the uncertainties that may affect future results are discussed in more detail in the company's Annual Report on Form 10-K on file with the SEC. All forward-looking statements included in this presentation are based upon information presently available, and the company assumes no obligation to update any forward-looking statements.
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
Dated: November 4, 1999 | By: /s/ JAMES M. LUEBBERS | |
Name: James M. Luebbers | ||
Title: Chief Financial Officer & Controller |
Exhibit
Number Description
99 The following exhibit sets forth the information to be presented by Peoples Energy Corporation to security analysts commencing on November 5, 1999.
Forward-Looking Information
Map of City of Chicago
I. Midwest Energy Environment
II. Regional M&A Activity
III. Vision for Peoples Energy 3-5 Years
IV. Strengths
V. Existing Interstate Pipelines and Proposed Pipeline Projects
VI. Three Part Strategy
VII. Consolidated Financial Highlights
Operating Revenues (MM); | $1,194 |
Operating Income and Equity Investment Income (MM) | $164.9 |
Net Income (MM) | $92.6 |
Earnings Per Share | $2.61 |
Operating Revenues (MM) | $1,133 |
Operating Income and Equity Investment Income (MM) | $158.8 |
Net Income (MM) | $79.4 |
Earnings Per Share | $2.25 |
VIII. Lines of Business
IX. Gas Distribution Variations 1999 vs. 1998 ($MM)
$(3.0) | |
Pension Expense | 6.8 |
Labor and Group Insurance | (4.3) |
Bad Debt Expense | (1.5) |
Computer Support Services | 2.4 |
Depreciation | 2.1 |
Other | (3.2) |
2.3 | |
$(5.3) | |
X. Earnings from Diversified Businesses for Fiscal 1999 ($MM)
$6.9 | |
9.0 | |
(3.6) | |
2.2 | |
(.2) | |
14.3 | |
(7.2) | |
$7.1 | |
8% | |
XI. Road Map for Success
Map of U.S. and Peoples Energy Gas Supply Sources
XII. Gas Distribution
XIII. Gas Distribution
XIV. Power Generation
XV. Proposed Calumet Power Site
Street Map of Proposed Facility and Surrounding Area
XVI. Midstream Services
XVII. Peoples Gas Hub
Schematic of Mahomet Pipeline between Manlove Storage Complex and Premium Chicago City Market
XVIII. Retail Energy Services
XIX. Retail Energy Services Market Potential in Northern Illinois
$145 | |
$227 | |
$294 | |
$15 | |
$27 | |
$39 | |
XX. Oil and Gas Production
XXI. Gas Distribution
XXII. Diversified Energy Businesses
XXIII. Capital Spending
XXIV. Capital Structure Balances at September 30
XXV. Fiscal 2000 Outlook
XXVI. Employees' Incentives for Growth
XXVII. Q & A
XXVIII. Video of Peoples Energy's New Commercials
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