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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 (Date of earliest event reported): November 22, 1997
IEC Funding Corp.
North Jersey Energy Associates, A Limited Partnership
Northeast Energy Associates, A Limited Partnership
(Exact Name of Registrant as Specified in its Charter)
Delaware 33-87902 04-3255377
New Jersey 33-87902-01 04-2955646
Massachusetts 33-87902-02 04-2955642
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
350 Lincoln Place
Hingham, Massachusetts 02043
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (781) 749-9800
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ITEM 5. OTHER EVENTS
Intercontinental Energy Corporation ("IEC") has announced that IEC and all
the limited partners in each of Northeast Energy Associates, A Limited
Partnership ("NEA"), and North Jersey Energy Associates, A Limited Partnership
(together with NEA, the "Partnerships") have entered into an
agreement to sell all the general and limited partnership interests in the
Partnerships, as well as 75% of the outstanding shares of common stock of IEC
Funding Corp. ("IEC Funding"), to certain entities owned and controlled by ESI
Energy, Inc. (a wholly-owned subsidiary of FPL Group Inc.) and Tractebel Power,
Inc. (a wholly-owned subsidiary of Tractebel, S.A.). The obligations of the
parties to consummate the purchase and sale of the interests in the Partnerships
and such shares of IEC Funding are subject to the satisfaction or waiver of
certain conditions including, without limitation, a condition that consents be
obtained from the holders of a majority in interest of the outstanding bonds
issued by IEC Funding under its Trust Indenture dated as of November 15, 1994,
to certain amendments to such Trust Indenture. IEC Funding intends to commence
the solicitation of such consents promptly.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, IEC
Funding Corp. has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IEC FUNDING CORP.
By: /s/ Maureen Herbert
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Name: Maureen Herbert
Title: Vice President of Finance
December 2, 1997
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, North
Jersey Energy Associates, A Limited Partnership, has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
NORTH JERSEY ENERGY ASSOCIATES, A
LIMITED PARTNERSHIP
By: INTERCONTINENTAL ENERGY
CORPORATION, as General Partner
By: /s/ Maureen Herbert
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Name: Maureen Herbert
Title: Vice President of Finance
December 2, 1997
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Northeast Energy Associates, A Limited Partnership, has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
NORTHEAST ENERGY ASSOCIATES,
A LIMITED PARTNERSHIP
By: INTERCONTINENTAL ENERGY
CORPORATION, as General Partner
By: /s/ Maureen Herbert
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Name: Maureen Herbert
Title: Vice President of Finance
December 2, 1997
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