SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
PSI Energy, Inc.
(Name of Issuer)
6 7/8% Series Preferred Stock
(Title of Class of Securities)
693627-87-9
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages(s))
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person Gulf Insurance Company
S.S. or I.R.S Identification 43-6028696
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Missouri
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 40,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 40,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 40,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 6.7%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person Commercial Insurance Resources, Inc.
S.S. or I.R.S Identification 52-1521869
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 40,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 40,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 40,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 6.7%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person The Travelers Indemnity Company of America
S.S. or I.R.S Identification 58-6020487
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Georgia
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 55,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 55,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 55,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 9.2%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person The Phoenix Insurance Company
S.S. or I.R.S Identification 06-0303275
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Connecticut
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 55,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 55,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 55,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 9.2%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person The Travelers Indemnity Company
S.S. or I.R.S Identification 06-0566050
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Connecticut
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 95,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 95,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 95,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 15.8%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person The Travelers Insurance Group, Inc.
S.S. or I.R.S Identification 06-1008174
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Connecticut
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 95,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 95,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 95,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 15.8%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person PFS Services, Inc.
S.S. or I.R.S Identification 58-1708749
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Georgia
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 95,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 95,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 95,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 15.8%
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person Associated Madison Companies, Inc.
S.S. or I.R.S Identification 13-3140258
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 95,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 95,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 95,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 15.8%
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 693627-87-9
- --------------------------------------------------------------------------------
1) Name of Reporting Person Travelers Group, Inc.
S.S. or I.R.S Identification 52-1568099
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
----------------------------
if a Member of a Group
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 100,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 100,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 100,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 16.7%
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
Item 1(a) Name of Issuer:
PSI Energy, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1000 East Main Street
Plainfield, Indiana 46168
Item 2(a) Names of Persons Filing:
Gulf Insurance Company ("GULF")
Commercial Insurance Resources, Inc. ("CIRI")
The Travelers Indemnity Company of America ("TICA")
The Phoenix Insurance Company ("Phoenix")
The Travelers Indemnity Company ("Indemnity")
The Travelers Insurance Group, Inc. ("Group")
PFS Services, Inc. ("PFS")
Associated Madison Companies, Inc. ("AMAD")
Travelers Group Inc. ("TRV")
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of GULF is:
4600 Fuller Drive
Irving, Texas 75038
The address of the principal business office of each of TICA, Phoenix,
Indemnity and Group is:
One Tower Square
Hartford, Connecticut 06183
The address of the principal business office of PFS is:
3120 Breckinridge Blvd.
Duluth, Georgia 30199-0001
The address of the principal business office of each of CIRI, AMAD and TRV
is:
388 Greenwich Street
New York, New York 10013
Item 2(c) Citizenship:
GULF is a Missouri corporation
TICA and PFS are Georgia corporations.
Phoenix, Indemnity and Group are Connecticut corporations.
CIRI, AMAD and TRV are Delaware corporations.
Item 2(d) Title of Class of Securities:
6 7/8% Series Preferred Stock
<PAGE>
Item 2(e) CUSIP Number:
693627-87-9
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Sec. 15 of the Act
(b) [ ] Bank as defined in Sec. 3(a)(6) of the Act
(c) [ x ] Insurance Company as defined in Sec. 3(a)(19) of the Act
(d) [ ] Investment Company registered under Sec. 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under Sec. 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see
Sec. 240.13d-1(b)(1)(ii)(F)
(g) [ x ] Parent Holding Company, in accordance with Sec. 240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (as of October 31, 1995)
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Items 5-8 of cover pages
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
CIRI is the sole stockholder of GULF; Phoenix is the sole stockholder of
TICA; Indemnity is the sole stockholder of CIRI and Phoenix; Group is the
sole stockholder of Indemnity; PFS is the sole stockholder of Group;
AMAD is the sole stockholder of PFS; and TRV is the sole stockholder
of AMAD.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
<PAGE>
Item 10. Certification
By signing below I certify that, to the best of my knowledge, the
securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: November 9, 1995
GULF INSURANCE COMPANY
By: /s/ Michael E. Zipper
--------------------------------------------
Name: Michael E. Zipper
Title: Assistant Secretary
COMMERCIAL INSURANCE RESOURCES, INC.
By: /s/ Michael E. Zipper
--------------------------------------------
Name: Michael E. Zipper
Title: Assistant Secretary
THE TRAVELERS INDEMNITY COMPANY OF AMERICA
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
THE PHOENIX INSURANCE COMPANY
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
THE TRAVELERS INDEMNITY COMPANY
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
THE TRAVELERS INSURANCE GROUP, INC.
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
<PAGE>
PFS SERVICES, INC.
By: /s/ Mary Barnes Jenkins
--------------------------------------------
Name: Mary Barnes Jenkins
Title: Assistant Secretary
ASSOCIATED MADISON COMPANIES, INC.
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
<PAGE>
EXHIBIT INDEX TO SCHEDULE 13G
-----------------------------
EXHIBIT 1
- ---------
Agreement among GULF, CIRI, TICA, Phoenix, Indemnity, Group, PFS, AMAD and TRV
as to joint filing of Schedule 13G
Exhibit 1
EXHIBIT 1
---------
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
--------------------------------------------
Each of the undersigned hereby affirms that it is individually eligible to use
Schedule 13G, and agrees that this Schedule 13G is filed on its behalf.
Date: November 9, 1995
GULF INSURANCE COMPANY
By: /s/ Michael E. Zipper
--------------------------------------------
Name: Michael E. Zipper
Title: Assistant Secretary
COMMERCIAL INSURANCE RESOURCES, INC.
By: /s/ Michael E. Zipper
--------------------------------------------
Name: Michael E. Zipper
Title: Assistant Secretary
THE TRAVELERS INDEMNITY COMPANY OF AMERICA
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
THE PHOENIX INSURANCE COMPANY
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
THE TRAVELERS INDEMNITY COMPANY
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
THE TRAVELERS INSURANCE GROUP, INC.
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
PFS SERVICES, INC.
By: /s/ Mary Barnes Jenkins
--------------------------------------------
Name: Mary Barnes Jenkins
Title: Assistant Secretary
ASSOCIATED MADISON COMPANIES, INC.
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
