SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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) March 10, 1997 ENSERCH Corporation (Exact name of Registrant as specified in its charter) Texas 1-3183 75-0399066 (State or other (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) ENSERCH Center, 300 S. St. Paul, Dallas, Texas 75201 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including Area Code: 214-651-8700 ITEM 5. Other Events Set forth below in its entirety is a News Release issued by ENSERCH Corporation on March 10, 1997. ENSERCH/TEXAS UTILITIES MERGER CLEARS DEPARTMENT OF JUSTICE; IRS RULING RECEIVED DALLAS, TEXAS (March 10, 1997)--ENSERCH Corporation (NYSE--ENS) and Texas Utilities Company (NYSE--TXU) have been notified by the Department of Justice (DOJ) that it has closed its investigation of the pending merger between ENSERCH Corporation and Texas Utilities Company. The DOJ indicated that the investigation has been closed without the DOJ taking any action or requiring Texas Utilities or ENSERCH to take any action. The Securities and Exchange Commission is proceeding with its approval process under the Public Utility Holding Company Act of 1935 with regard to the proposed merger. ENSERCH Corporation also announces that it has received from the Internal Revenue Service (IRS) a private letter ruling in connection with the pending distribution of shares of Enserch Exploration, Inc. (NYSE--EEX) to common stock shareholders of ENSERCH Corporation. The distribution is to occur immediately prior to the pending merger of ENSERCH and Texas Utilities Company. The IRS has ruled that neither ENSERCH nor its shareholders will recognize taxable gain on the distribution. The ruling also describes the allocation of tax basis of ENSERCH stock between the shares of EEX to be distributed and shares of ENSERCH common stock. ENSERCH Corporation is an integrated natural-gas company. SIGNATURE 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. ENSERCH Corporation Date: March 12, 1997 By: /s/ J. W. Pinkerton ----------------------------- J. W. Pinkerton Vice President and Controller