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: January 6, 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 January 3, 1997, LG&E Energy Corp. announced that it had named its Chief
Financial Officer, Walter Z. Berger, to a new position of Group President -
Energy Marketing. The company will name a replacement for Berger as CFO at a
later date.
Item 7(c). Exhibits Filed.
Exhibit
Number Description
99.01 News Release dated January 3, 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: January 6, 1997 /s/ John R. McCall
John R. McCall
Executive Vice President, General Counsel
and Corporate Secretary
Exhibit 99.01
LG&E Energy to Consolidate Its Energy Marketing and Trading Units;
CFO Named to Head Integrated National Marketing Group
LOUISVILLE, Ky. -- In a move to accelerate the integration of its growing
power and natural gas marketing and trading businesses, LG&E Energy has named
its Chief Financial Officer to a new position of Group President - Energy
Marketing. Walter Z. Berger, who joined the company last year with extensive
experience in oil and gas marketing and trading businesses, will lead a group
that includes LG&E Power Marketing and LG&E Natural, which combined are the
largest utility-affiliated energy marketers in the U.S.
LG&E Power Marketing, based in Fairfax, Va., sells bulk power to utilities,
municipalities and power cooperatives across the U.S. and is the third-largest
power marketer in the country. It recently signed the industry's largest power
marketing agreement with Oglethorpe Power Corporation in Georgia and has more
than three dozen power marketing arrangements with other cooperatives, the most
of any power marketer in the country. LG&E Natural, acquired by LG&E Energy in
May 1995, markets more than three billion cubic feet/day of natural gas to
utilities and major industrial customers in 38 states. Both units have
extensive commodity trading centers and provide various risk management and
marketing services that will be consolidated and expanded under the integration
plan.
Berger has more than 15 years experience in international and domestic energy
exploration, development, transportation and commodity marketing, most recently
with Enron or its affiliated operations. He has directed numerous acquisitions
and financings, including projects in Latin America and the initial public
offering and financing associated with the spin-off of EOTT from Enron in 1994.
Since being named CFO of LG&E Energy last year, he has directed the company's
financial management, business development, risk management and acquisition
efforts, including its recently announced purchase of interests in two natural
gas distribution companies in Argentina. A replacement for Berger as CFO will
be made at a later date.
LG&E Energy (NYSE:LGE), headquartered in Louisville, owns and operates a
portfolio of energy businesses with assets of $2.6 billion. In addition to its
energy marketing businesses, the company owns Louisville Gas and Electric
Company, a regulated Kentucky utility. The company also has offices and
operations throughout the U.S., and in Argentina, Spain and Canada.
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