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: February 14, 1997
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 February 13, 1997, LG&E Energy Corp. announced that it had completed its
previously announced $140-million acquisition of interests in two Argentine
natural gas distribution companies.
Item 7(c). Exhibits Filed.
Exhibit
Number Description
99.01 News Release dated February 13, 1997.
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: February 14, 1997 /s/ S. Bradford Rives
S. Bradford Rives
Vice President - Finance and Controller
Exhibit 99.01
LG&E Energy Corp. Completes Acquisition Of Interests
In Argentine Natural Gas Distribution Companies
LOUISVILLE, Ky. - LG&E Energy Corp. today announced it has completed its
previously announced $140-million acquisition of interests in two Argentine
natural gas distribution companies. The acquisition marks LG&E Energy's second
major investment in South America and supports the company's strategic interna-
tional development efforts.
The closing of this transaction gives LG&E Energy a controlling interest in,
and management of, Distribuidora de Gas del Centro (Centro), and a minority
interest in Distribuidora de Gas Cuyana (Cuyana). LG&E Energy's global venture
unit, LG&E International, purchased the interests from Sideco Americana, S. A.,
an Argentine energy, engineering and construction company, which maintains an
equity interest in both companies.
"We have significant experience in managing retail distribution and energy
management services," said Roger Hale, LG&E Energy Chairman and Chief Executive
Officer. "This investment gives us the opportunity to leverage those skills in
one of the fastest growing energy markets in the world."
Centro serves more than 340,000 customers in the provinces of Cordoba, Cata-
marca and La Rioja. Cuyana serves more than 280,000 customers in the provinces
of Mendoza, San Juan and San Luis. Combined, the companies generate over $270
million in sales annually and have more than $400 million in total assets.
Both companies, formerly part of government-owned Gas del Estado, were privat-
ized in late 1992.
LG&E Energy Corp. (NYSE:LGE) is an energy services holding company headquar-
tered in Louisville, Ky. The company owns and operates a diversified portfolio
of businesses engaged in power generation, power marketing and development,
energy trading and risk management, natural gas marketing, and retail gas and
electric distribution services. The company has offices, operations and/or
partnership projects throughout the United States as well as in Canada,
Argentina and Spain.
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