October 13, 1998
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/ Douglas S. Schmidt
Douglas S. Schmidt
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): October 12, 1998
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 October 12, 1998, announcing
IEI Investments, Inc.'s commitment to invest $10 million in
Haddington Energy Partners, L.P.
Indiana Energy to Invest $10 Million in Haddington Energy
Indianapolis - IEI Investments, Inc., a wholly-owned non-regulated
ventures subsidiary of Indiana Energy, Inc., has announced a commitment
to invest $10 million in Haddington Energy Partners, L.P. Haddington, a
Delaware limited partnership, is expected to raise $100 million of
committed capital by December 31 to invest in six to eight projects that
represent a portfolio of development opportunities, including natural
gas gathering and storage and electric power generation. Haddington's
initial closing, which included the IEI Investments amount, achieved $72
million in commitments.
The general partner, Haddington Ventures, LLC, is owned by Larry
Bickle, Chris Jones, and John Strom who were the senior management
responsible for building and developing TPC Corporation (previously
Tejas Power). Haddington investment opportunities will focus on
acquiring and building on projects in progress rather than start up
ventures. An Investment Committee, comprised of the General Partner
principals and Limited Partner representatives, will pool their
considerable energy industry experience to evaluate and recommend
potential investments for the partnership. IEI Investments will have
a seat on the Investment Committee.
"Our decision to invest in Haddington Energy was based on the
expertise and prior success of its owners and our belief that
deregulation will open up many profitable mid-stream opportunities in
the years to come," said Niel Ellerbrook, president of Indiana Energy.
"Additionally, through our active participation on the Haddington
Investment Committee, we will be aware of any attractive opportunities
to co-invest additional capital."
Indiana Energy, with headquarters in Indianapolis, is the parent
company of Indiana Gas, a gas distribution company serving 490,000
customers in central and southern Indiana, and of IEI Investments, a
non-regulated ventures holding company focusing on energy related
investments. (www.indiana-energy.com)
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 October 13, 1998 /s/Niel C. Ellerbrook
Niel C. Ellerbrook
President and Chief Operating Officer
Dated October 13, 1998 /s/Jerome A. Benkert
Jerome A. Benkert
Vice President and Controller
