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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):
January 23, 1997
ESELCO, Inc.
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(Exact name of registrant as specified in its charter)
Michigan 0-17736 38-2785176
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification Number)
725 East Portage Avenue,
Sault Ste. Marie, Michigan 49783
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(Address of principal executive offices) (Zip Code)
(906) 632-2221
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS. The registrant issued the following press release on
January 23, 1997:
SAULT STE. MARIE, MICHIGAN, JANUARY 23, 1997 - ESELCO, Inc.
(NASDAQ-EDSE), parent corporation of Edison Sault Electric Company
(Edison Sault), announced today that it is in the preliminary stages
of discussion with possible acquirors. To date, discussions have been
exploratory in nature and have not resulted in a letter of intent or
other agreement in principle, and thus there can be no assurance
that any acquisition will be consummated. Management will consider
the best interests of its shareholders as well as the interests of
its employees and customers in these discussions.
Edison Sault is an electric utility which serves approximately 22,000
residential, commercial and industrial customers located in
Michigan's eastern upper peninsula. ESELCO, Inc. is traded under the
symbol EDSE on the NASDAQ market.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ESELCO, INC.
By /s/ William R. Gregory
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William R. Gregory, President
January 23, 1997
