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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): June 27, 1997
TEXAS EASTERN TRANSMISSION CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-4456
(Commission File Number)
72-0378240
(I.R.S. Employer Identification Number)
5400 Westheimer Court
P.O. Box 1642
Houston, Texas 77251-1642
(Address, including zip code, of principal executive office)
_________________
Registrant's telephone number, including area code:
(713) 627-5400
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Item 1. Changes in Control of Registrant.
On June 18, 1997, PanEnergy Corp ("PanEnergy"), the parent entity of
the registrant, Texas Eastern Transmission Corporation (the "Company"),
announced that it had consummated the transaction pursuant to the definitive
Agreement and Plan of Merger among PanEnergy, Duke Transaction Corporation and
Duke Power Company ("Duke Power"), dated as of November 24, 1996, as amended
and restated as of March 10, 1997 (the "Merger Agreement"). Under the terms of
the Merger Agreement, each share of PanEnergy common stock has been converted
into 1.0444 shares of the merged company, Duke Energy Corporation ("Duke
Energy"), which has become the ultimate parent entity of the Company.
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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.
TEXAS EASTERN TRANSMISSION CORPORATION
/S/ Robert W. Reed
By:_____________________________________
Robert W. Reed
Corporate Secretary
Date: June 27, 1997
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