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 8, 1999
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)
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Item 5. Other Events.
On February 8, 1999, LG&E Energy Corp. announced it has realigned its
management structure to support its strategy of aggressively growing the
company as the energy services industry moves toward deregulation.
A news release of the Company describing the above matter is filed with
this report as Exhibit 99.01 and is incorporated herein by reference.
Item 7(c). Exhibits Filed.
Exhibit
Number Description
99.01 News Release dated as of February 8, 1999.
SIGNATURES
Pursuant to the requirements of the Securities and 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
/s/ John R. McCall
John R. McCall
Executive Vice President, General
Counsel and Corporate Secretary
Date: February 10, 1999
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<PAGE>
EXHIBIT INDEX
LG&E ENERGY CORP.
Current Report on Form 8-K
Dated February 8, 1999
Exhibits
Exhibit No. Description
99.01 News Release dated as of February 8, 1999.
- 2 -
Exhibit 99.01
LG&E Energy Corp. Announces New Management Structure Designed to
Consolidate Operations of Expanded Company
LOUISVILLE, Ky., Feb. 8 /PRNewswire/ -- LG&E Energy Corp. (NYSE: LGE)
announced it has realigned its management structure to support its strategy
of aggressively growing the company as the energy services industry moves
toward deregulation.
Victor A. Staffieri has been elected president and chief operating officer
of the holding company and will be responsible for the company's worldwide
operations. These include the company's two utility subsidiaries;
Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company
(KU); Western Kentucky Energy, interests in two natural gas distribution
companies in Argentina and non-regulated power plants in the United States
and Spain.
"I have enjoyed working with Vic for seven years," said Chairman and Chief
Executive Officer Roger W. Hale. "Vic has solid experience in all
financial and operating areas of the company and will bring this experience
plus his management skills to a critical position in our growing company."
Staffieri, who joined the company in 1992, has been chief financial officer
since May of 1997. He joined the company as senior vice president, public
policy and general counsel. Staffieri later served as president of LG&E
Energy's Louisville Gas and Electric Company subsidiary and chief financial
officer of LG&E Energy. Staffieri has more than 20 years of legal and
public policy experience. Prior to joining LG&E, he was general counsel
and secretary at Long Island Lighting Company in Hicksville, N.Y.
In addition to Staffieri's election to president, R. Foster Duncan,
previously executive vice president, planning and development, was elected
to executive vice president and chief financial officer. Prior to joining
LG&E Energy in January 1998, Duncan was vice president and corporate
treasurer for New Orleans-based Freeport-McMoRan Inc. and Freeport-McMoRan
Cooper & Gold.
"Foster is an experienced finance professional who brings tremendous
merger, acquisition and capital markets experience to the job," Hale said.
"He plays a key role in our growth strategy and will have an even greater
impact as we consolidate all of our financial operations under his
leadership."
Now reporting to Staffieri:
* Steve Wood, president, Louisville Gas and Electric Co., and president,
distribution services
* Robert Hewett, president, Kentucky Utilities
* Wayne Lucas, executive vice president, power generation
* George Basinger, senior vice president, power operations
* Martyn Gallus, vice president, energy marketing
* Wendy Heck, vice president, information technology
Now reporting to Duncan:
* Brad Rives, recently promoted to senior vice president, finance and
business development.
* Charlie Markel, vice president, finance and treasurer
* Dave Heilman, director, internal auditing
* Mike Robinson, recently promoted to vice president and controller of
LG&E Energy Corp.
LG&E Energy Corp., headquartered in Louisville, Ky., is a diversified
energy services company with businesses in power generation and project
development; retail gas and electric utility services; and asset-based
energy marketing. The company owns and operates Louisville Gas and
Electric Company, a regulated electric and gas utility serving Louisville,
Ky. and 16 surrounding counties, and Kentucky Utilities Company, a
regulated electric utility, based in Lexington, Ky., which serves 77
Kentucky counties and five counties in Virginia. LG&E Energy also owns
equity in and operates power plants in seven states as well as in Spain,
and owns interests in two natural gas distribution companies in Argentina.
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