August 2, 1995
Securities and Exchange Commission
Operations Center
6432 General Green Way
Alexandria, VA 22312-2413
Gentlemen:
We are transmitting herewith Indiana Energy, Inc.'s
Current Report on Form 8-K.
Very truly yours,
/s/Kathleen S. Morris
Kathleen S. Morris
KSM:rs
Enclosure
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): July 28, 1995
INDIANA ENERGY, INC.
(Exact name of registrant as specified in its charter)
INDIANA 1-9091 35-1654378
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification Number)
1630 North Meridian Street, Indianapolis, Indiana 46202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 926-3351
Item 5. Other Events
See the following press release dated July 28, 1995,
announcing the repurchase of outstanding common stock.
FOR IMMEDIATE RELEASE
INDIANA ENERGY, INC. TO REPURCHASE SHARES, RAISE DIVIDEND
The board of directors of Indiana Energy, Inc., the
holding company for Indiana Gas Company, Inc. and other
subsidiaries, today authorized the company to
repurchase up to 700,000 shares of its outstanding
common stock. The repurchases will be made over time
in open-market transactions.
"We believe that Indiana Energy stock represents a
good value and an attractive investment. The strength
of our balance sheet allows us to repurchase stock
while we continue to pursue growth opportunities for
Indiana Energy and its primary subsidiary, Indiana
Gas," said Indiana Energy President and Chief Executive
Officer L. A. Ferger.
In another vote, Indiana Energy's board declared a
cash dividend increase of 1 cent per share of common stock.
This 3.8-percent increase raises the quarterly dividend
to 27 1/2 cents from 26 1/2 cents per share. Fiscal
year 1995 marks the 23rd consecutive year that
dividends paid to shareholders have increased. The
dividend is payable September 1, 1995, to shareholders
of record August 15, 1995. The board also approved
moving the annual shareholders meeting from the second
Monday in January to the last Friday in January.
Indiana Energy is traded on the New York Stock
Exchange under the symbol IEI. Its principal
subsidiary, Indiana Gas is a local natural gas
distribution company providing gas and related services
to more than 450,000 residential, commercial and
industrial customers in 48 of Indiana's 92 counties.
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.
INDIANA ENERGY, INC.
Registrant
Dated August 2, 1995 /s/Niel C. Ellerbrook
Niel C. Ellerbrook
Vice President and Treasurer
and Chief Financial Officer
Dated August 2, 1995 /s/Jerome A. Benkert
Jerome A. Benkert
Controller
