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: June 10, 1996
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.
In connection with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, LG&E Energy Corp. (the Company) is hereby filing
cautionary statements identifying important factors that could cause the
Company's actual results to differ materially from those projected in forward
looking statements of the Company made by, or on behalf of, the Company.
Item 7(c). Exhibits Filed.
Exhibit
Number Description
99.01 Cautionary Statement for Purposes of the "Safe Harbor"
Provisions of the Private Securities Litigation Reform Act
of 1995.
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: June 10, 1996 /s/ Walter Z. Berger
Walter Z. Berger
Executive Vice President and
Chief Financial Officer
(On behalf of the registrant in his
capacity as Principal Financial Officer)
Exhibit 99.01
LG&E Energy Corp. Cautionary Factors
The Private Securities Litigation Reform Act of 1995 provides a new "safe
harbor" for forward-looking statements to encourage such disclosures without
the threat of litigation providing those statements are identified as forward-
looking and are accompanied by meaningful, cautionary statements identifying
important factors that could cause the actual results to differ materially from
those projected in the statement. Forward-looking statements have been and
will be made in written documents and oral presentations of LG&E Energy Corp.
(the "Company"). Such statements are based on management's beliefs as well as
assumptions made by and information currently available to management. When
used in the Company's documents or oral presentations, the words "anticipate,"
"estimate," "expect," "objective" and similar expressions are intended to
identify forward-looking statements. In addition to any assumptions and other
factors referred to specifically in connection with such forward-looking
statements, factors that could cause the Company's actual results to differ
materially from those contemplated in any forward-looking statements include,
among others, the following:
* Increased competition in the utility, natural gas and electric power
marketing industries, including effects of: decreasing margins as a result
of competitive pressures; industry restructuring initiatives; transmission
system operation and/or administration initiatives; recovery of investments
made under traditional regulation; nature of competitors entering the
industry; retail wheeling; a new pricing structure; and former customers
entering the generation market;
* Changing market conditions and a variety of other factors associated with
physical energy and financial trading activities including, but not limited
to, price, basis, credit, liquidity, volatility, capacity, transmission,
currency, interest rate and warranty risks;
* Risks associated with price risk management strategies intended to mitigate
exposure to adverse movement in the prices of electricity and natural gas
on both a global and regional basis;
* Legal, regulatory, economic and other factors which may result in
redetermination or cancellation of revenue payment streams under power
sales agreements resulting in reduced operating income and potential asset
impairment related to the Company's investments in independent power
production ventures;
* Economic conditions including inflation rates and monetary fluctuations;
* Trade, monetary, fiscal, taxation, and environmental policies of
governments, agencies and similar organizations in geographic areas where
the Company has a financial interest;
* Customer business conditions including demand for their products or
services and supply of labor and materials used in creating their products
and services;
* Financial or regulatory accounting principles or policies imposed by the
Financial Accounting Standards Board, the Securities and Exchange
Commission, the Federal Energy Regulatory Commission, state public utility
commissions, state entities which regulate natural gas transmission,
gathering and processing and similar entities with regulatory oversight;
* Availability or cost of capital such as changes in: interest rates, market
perceptions of the utility and energy-related industries, the Company or
any of its subsidiaries or security ratings;
* Factors affecting utility and non-utility operations such as unusual
weather conditions; catastrophic weather-related damage; unscheduled
generation outages, unusual maintenance or repairs; unanticipated changes
to fossil fuel, or gas supply costs or availability due to higher demand,
shortages, transportation problems or other developments; environmental
incidents; or electric transmission or gas pipeline system constraints;
* Employee workforce factors including changes in key executives, collective
bargaining agreements with union employees, or work stoppages;
* Rate-setting policies or procedures of regulatory entities, including
environmental externalities;
* Social attitudes regarding the utility, natural gas and power industries;
* Identification of suitable investment opportunities to enhance shareholder
returns and achieve long-term financial objectives through business
acquisitions;
* Some future project investments made by the Company could take the form of
minority interests, which would limit the Company's ability to control the
development or operation of the project;
* Legal and regulatory delays and other unforeseeable obstacles associated
with mergers, acquisitions and investments in joint ventures;
* Costs and other effects of legal and administrative proceedings,
settlements, investigations, claims and matters, including but not limited
to those described in Note 16 of the Notes to Financial Statements of the
Company's Annual Report on Form 10-K for the year ended December 31, 1995,
under the caption Commitments and Contingencies;
* Technological developments, changing markets and other factors that result
in competitive disadvantages and create the potential for impairment of
existing assets;
* Factors associated with non-regulated investments, including but not
limited to: continued viability of partners, foreign government actions,
foreign economic and currency risks, political instability in foreign
countries, partnership actions, competition, operating risks, dependence on
certain customers, third-party operators, suppliers and domestic and
foreign environmental and energy regulations;
* Other business or investment considerations that may be disclosed from time
to time in the Company's Securities and Exchange Commission filings or in
other publicly disseminated written documents.
The Company undertakes no obligation to publicly update or revise any forward-
looking statements, whether as a result of new information, future events or
otherwise.
