SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) September 20, 1996
(September 5, 1996)
CONCORD ENERGY INCORPORATED
(Exact name of Registrant as specified in charter)
Delaware 0-23814 22-2670198
(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
75 Claremont Road, Bernardsville, NJ 07924
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (908) 766-1020
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Item 4. Change in Registrant's Certifying Accountant
On September 5, 1996, the Registrant dismissed its former independent
accountants Price Waterhouse LLP ("Price Waterhouse") and engaged Hill, Kotara &
Ford to audit the Registrant's consolidated financial statements. The decision
to change independent accountants was recommended and approved by the
Registrant's Board of Directors.
Price Waterhouse served as independent accountants of the Registrant's
financial statements for the years ended June 30, 1995 and 1994. The reports of
Price Waterhouse on the Registrant's financial statements for the years ended
June 30, 1995 and 1994 contained no adverse opinion or disclaimer of opinion and
were not qualified or modified as to uncertainty, audit scope or accounting
principle. In connection with its audits for the years ended June 30, 1995 and
1994, and during the fiscal year 1996 prior to Price Waterhouse's dismissal, the
Registrant had no disagreements with Price Waterhouse on matters of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements if not resolved to the satisfaction of Price
Waterhouse would have caused them to make reference thereto in their report on
the financial statements for such years.
The Registrant has requested that Price Waterhouse furnish it with a letter
addressed to the SEC stating whether or not it agrees with the above statement.
A copy of such letter, dated September 20, 1996, is filed as Exhibit "16" to
this Form 8-K.
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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 hereunto duly authorized.
Concord Energy Incorporated
(Registrant)
September 20, 1996 By: s\Deral Knight
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Deral Knight, President
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EXHIBIT 16
"LETTER OF FORMER ACCOUNTANTS"
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September 19, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentleman:
We have read Item 4 of the Concord Energy Incorporated Form 8-K dated September
19, 1996 and are in agreement with the statements contained therein.
Yours very truly,
/s/ Price Waterhouse LLP
