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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 19, 1996
REGISTRATION NO. 333-00617
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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PUGET SOUND POWER & LIGHT COMPANY
(Exact name of Registrant as specified in its charter)
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<S> <C> <C>
WASHINGTON 4911 91-0374630
(State of Incorporation) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number)
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DONALD E. GAINES, TREASURER
411 - 108TH AVENUE N.E. 411 - 108TH AVENUE N.E.
BELLEVUE, WASHINGTON 98004-5515 BELLEVUE, WASHINGTON 98004-5515
(206) 454-6363 (206) 454-6363
(Address and telephone number of Registrant's (Name, address and telephone number
principal executive offices) of agent for service)
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Copies to:
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STEPHEN A. MCKEON MARION V. LARSON DAVID B. CHAPNICK
PERKINS COIE GRAHAM & JAMES LLP/ SIMPSON THACHER & BARTLETT
1201 THIRD AVENUE, 40TH FLOOR RIDDELL WILLIAMS P.S. 425 LEXINGTON AVENUE
SEATTLE, WASHINGTON 98101-3099 1001 FOURTH AVENUE, #4400 NEW YORK, NEW YORK 10017
(206) 583-8888 SEATTLE, WASHINGTON 98154 (212) 455-2000
(206) 624-3600
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Approximate date of commencement of proposed sale to the public: AS
SOON AS PRACTICABLE AFTER THIS REGISTRATION STATEMENT BECOMES EFFECTIVE AND THE
EFFECTIVE TIME OF THE MERGER OF WASHINGTON ENERGY COMPANY WITH AND INTO THE
REGISTRANT, AS DESCRIBED IN THE AGREEMENT AND PLAN OF MERGER DATED AS OF OCTOBER
18, 1995, ATTACHED AS ANNEX B TO THE JOINT PROXY STATEMENT/PROSPECTUS FORMING A
PART OF THIS REGISTRATION STATEMENT.
If the securities being registered on this form are being offered in
connection with the formation of a holding company and there is compliance with
General Instruction G, check the following box. / /
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CALCULATION OF REGISTRATION FEE
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PROPOSED MAXIMUM
TITLE OF EACH CLASS OF AMOUNT TO BE PROPOSED MAXIMUM AGGREGATE OFFERING AMOUNT OF
SECURITIES TO BE REGISTERED REGISTERED(1) OFFERING PRICE PER UNIT(2) PRICE(2) REGISTRATION FEE(3)
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Common Stock, $10 stated value(4).... 21,400,000 shares $23.40 $500,760,000 $172,675.86
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7.45% Series II Cumulative Preferred
Stock, $25 par value................. 2,400,000 shares $25.00 $60,000,000 $20,689.66
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8.50% Series III Cumulative
Preferred Stock, $25 par value....... 1,200,000 shares $26.50 $31,800,000 $10,965.52
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(1) Based on (a) the product of (i) the estimated number of shares of Common
Stock, par value $5 per share, of Washington Energy Company (the "WECo
Common Stock), which will be outstanding at the effective time of the
merger, assuming exercise of all outstanding options to acquire WECo Common
Stock, and (ii) .860 and (b) the number of outstanding shares of 7.45%
Series II Preferred Stock of Washington Natural Gas Company ("WNG"), par
value $25 per share (the "WNG Series II Preferred Stock") and of 8.50%
Series III Preferred Stock of WNG, par value $25 per share (the "WNG Series
III Preferred Stock"), in each case as of January 26, 1996.
(2) The registration fee was computed pursuant to Rule 457(f) under the
Securities Act of 1933, as amended, (a) by multiplying (i) the average of
the high and low sales prices reported on the New York Stock Exchange per
share of WECo Common Stock, WNG Series II Preferred Stock or WNG Series III
Preferred Stock, as the case may be, as of January 26, 1996 and (ii) the
estimated number of outstanding shares of WECo Common Stock which will be
outstanding at the effective time of the merger, assuming exercise of all
outstanding options to acquire WECo Common Stock, WNG Series II Preferred
Stock or WNG Series III Preferred Stock, as the case may be, and (b) in the
case of the WECo Common Stock, by dividing such product by .860.
(3) The full amount of the aggregate filing fee has been paid in connection
with filing the Preliminary Joint Proxy Statement and the Registration
Statement on Form S-4.
(4) Includes associated preferred share purchase rights. Prior to the
occurrence of certain events, such rights will not be evidenced or traded
separately from the Common Stock.
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THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE
OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT
SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF
THE SECURITIES ACT OF 1933 OR UNTIL THIS REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(a),
MAY DETERMINE.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant has
duly caused this Post-Effective Amendment No. 1 to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Bellevue, State of
Washington, on the 18th day of April, 1996.
PUGET SOUND POWER & LIGHT COMPANY
By: /s/ WILLIAM S. WEAVER
William S. Weaver
Executive Vice President, Chief Financial Officer
and Director
Pursuant to the requirements of the Securities Act, this Post-Effective
Amendment No. 1 has been signed by the following persons in the capacities
indicated below on the 18th day of April, 1996.
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SIGNATURE TITLE
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RICHARD S. SONSTELIE* President, Chief Executive Officer and Director
- --------------------------------------- (Principal Executive Officer)
Richard R. Sonstelie
/s/ WILLIAM S. WEAVER Executive Vice President, Chief Financial Officer
- --------------------------------------- and Director (Principal Financial Officer)
William S. Weaver
JAMES W. ELDREDGE* Secretary and Controller
- --------------------------------------- (Principal Accounting Officer)
James W. Eldredge
DOUGLAS P. BEIGHLE* Director
- ---------------------------------------
Douglas P. Beighle
CHARLES W. BINGHAM* Director
- ---------------------------------------
Charles W. Bingham
PHYLLIS J. CAMPBELL* Director
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Phyllis J. Campbell
JOHN D. DURBIN* Director
- ---------------------------------------
John D. Durbin
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JOHN W. ELLIS* Director
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John W. Ellis
DANIEL J. EVANS* Director
- ---------------------------------------
Daniel J. Evans
NANCY L. JACOB* Director
- ---------------------------------------
Nancy L. Jacob
R. KIRK WILSON* Director
- ---------------------------------------
R. Kirk Wilson
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*By /s/ WILLIAM. S. WEAVER
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William S. Weaver
Attorney-in-Fact
