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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 2, 1997
PUBLIC SERVICE COMPANY OF COLORADO
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(Exact Name of Registrant as Specified in Charter)
Colorado
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(State or Other Jurisdiction
of Incorporation)
1-3280 84-0296600
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(Commission File No.) (IRS Employer
Identification No.)
1225 Seventeenth Street, Denver, Colorado 80202
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code(303) 571-7511
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ITEM 5. Other Events
On July 2, 1997, the United Kingdom's Labour Party proposed a budget that
includes a windfall tax on certain privatized business entities. Public Service
Company of Colorado (PSCo) and American Electric Power Company (AEP) through
equal shares in a joint venture own Yorkshire Electricity Group plc, a
privatized electric distribution company in the United Kingdom. The windfall tax
liability for Yorkshire Electricity Group plc is estimated to be 135 million
pounds sterling ($222 million). The tax is expected to be enacted in the third
quarter of 1997 and would be payable in two installments with the first in
December 1997 and the second installment a year later. PSCo's share of the
proposed tax is estimated to be approximately $111 million. The net earnings
effect on PSCo of the proposed tax is currently being assessed and is expected
to be recorded when the proposed tax is enacted.
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SIGNATURE
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.
PUBLIC SERVICE COMPANY OF COLORADO
/s/ R. C. Kelly
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R. C. Kelly
Senior Vice President, Finance,
Treasurer and Chief Financial Officer
Dated: July 24, 1997
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