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) November 17, 1994
THE PEOPLES GAS LIGHT AND COKE COMPANY
(Exact name of registrant as specified in its charter)
Illinois 2-26983 36-1613900
(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
SELECTED FINANCIAL INFORMATION
Net Income
Net income applicable to common stock increased $188,000, to
$63.8 million, in fiscal 1994 from 1993. Results for fiscal
1994 include the recording of one-half of an Internal
Revenue Service income tax settlement that increased net income
by $9.7 million. However, this increase was largely offset by
increased operating costs related to the provision for
uncollectible accounts, labor, and depreciation.
Capital Spending
Capital expenditures for fiscal 1995 are expected to be about
$81.6 million, an increase of $7.0 million from the 1994 level.
Estimated expenditures in 1995 include the continuation of the
cast iron main replacement program, $10.4 million for computer
and office equipment, and $1.3 million to complete the
underground storage site enhancement.
SELECTED INCOME AND CAPITALIZATION
(Unaudited)
<TABLE>
<CAPTION>
Fiscal Year Ended
September 30, 1994
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<S> <C>
Income Summary:
Operating Revenues $1,111,172,000
Net Income $63,825,000
Net Income Applicable to Common Stock $63,825,000
Ratio of Earnings to Fixed Charges(a) 3.28
<FN>
(a) Earnings consist of net income to which have been added
fixed charges and taxes on income. Fixed charges consist of
interest on all indebtedness and amortization of debt
discount and expenses.
</FN>
</TABLE>
<TABLE>
<CAPTION>
As of September 30, 1994
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Amount Percent
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<S> <C> <C>
Capitalization Summary:
Common Stockholder's Equity $ 531,475,000 49.2%
Long-Term Debt, exclusive of sinking fund
payments due within one year 549,150,000 50.8
-------------- ------
Total Capitalization $1,080,625,000 100.0%
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</TABLE>
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.
THE PEOPLES GAS LIGHT AND COKE COMPANY
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(Registrant)
November 17, 1994 By: /s/ K. S. BALASKOVITS
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(Date) K. S. Balaskovits
Vice President and Controller
