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: September 30, 1994
LG&E ENERGY CORP.
(Exact name of registrant as specified in its charter)
Kentucky 1-10568 61-1174555
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
220 West Main Street
P.O. Box 32030
Louisville, KY 40232
(Address of principal executive offices)
(502) 627-2000
(Registrant's telephone number)
Item 5. Other Events.
On September 26, 1994, LG&E Power Inc. ("LG&E Power"), an indirect, wholly-
owned subsidiary of LG&E Energy Corp., announced that it ended negotiations
with E. I. DuPont de Nemours and Company ("DuPont") without reaching final
agreement on a plan to form a partnership that would have owned and operated
power generation facilities at nine DuPont fiber manufacturing sites on the
East Coast. DuPont and LG&E Power signed a letter of intent in February 1994
after LG&E Power had won a bid in late 1993 on DuPont's proposal to spin off
the power generation functions at its fiber plants in North Carolina, South
Carolina, Virginia, Tennessee and Delaware.
Item 7(c). Exhibits Filed.
Exhibit
Number Description
99.01 News Release dated September 26, 1994, announcing the end
of negotiations between LG&E Power Inc. and DuPont with
respect to a power partnership to operate nine DuPont
fiber plants on the East Coast.
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 thereunto duly authorized.
LG&E ENERGY CORP.
Registrant
Date: September 30, 1994 /s/ Charles A. Markel
Charles A. Markel
Corporate Vice President, Finance
and Treasurer
(On behalf of the registrant in his
capacity as Principal Financial Officer)
LG&E Power/DuPont End Negotiations on Power Partnership
Fairfax, VA - LG&E Power Inc. and DuPont have ended negotiations without
reaching final agreement on a plan to form a partnership that would have owned
and operated power generation facilities at nine DuPont fiber manufacturing
sites on the East Coast.
"We believe the strategy of partnering with industrials to manage their
energy needs on-site is clearly a viable concept," said Mike McInnis, LG&E
Power senior vice president - development and marketing. "While the
negotiations with DuPont did not result in a final agreement, we expect this
approach will still eventually develop in the industry."
The two companies had signed a letter of intent in February 1994 but were
not able to reach mutually acceptable contract terms. LG&E Power late last
year won a bid on DuPont's proposal to spin off the power generation functions
at its fiber plants in North Carolina, South Carolina, Virginia, Tennessee and
Delaware. The plants generate steam, chilled water and compressed air used in
the fiber manufacturing process, as well as the electric power required by the
energy complex.
"Our approach to this concept has stimulated several inquiries from other
major corporations," said McInnis. "We are now holding discussions with
several large industrial energy users who want to pursue the benefits of having
a qualified partner help them with site-based energy services."
LG&E Power, a subsidiary of LG&E Energy Corp. in Louisville, Kentucky, is a
fully integrated power project developer and wholesale power marketer with coal
or natural gas fired plants in Virginia, North Carolina, New York and Maine.
It also operates for others 12 plants in Pennsylvania, Montana and California,
and owns a partnership interest in wind power projects in Minnesota and
California.
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