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): April 27, 1995 IES UTILITIES INC. (Exact name of registrant as specified in its charter) Iowa 0-4117-1 42-0331370 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File No.) Identification No.) IES Tower, Cedar Rapids, Iowa 52401 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 319-398-4411 Item 5. Other Events. The Iowa Utilities Board (Board) held a public agenda meeting on April 25, 1995, to discuss the issues in the Company's pending electric pricing case. The Company is a wholly-owned utility subsidiary of IES Industries Inc. (Industries). Based on the Company's interpretation of the Board's discussion, the Board will require annual reductions in electric revenues of $15 million to $20 million. As a result of the Board's meeting, the Company has recorded a pretax reserve for refunds of approximately $8 million as of March 31, 1995. Reference is made to Note 3(a) of the Notes to Consolidated Financial Statements included in the registrant's Form 10-K for the year 1994. The Press Release announcing Industries' first quarter earnings is attached hereto and incorporated by reference herein. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits 99 IES Industries Inc. Press Release dated April 27, 1995. 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. IES UTILITIES INC. (Registrant) By /s/ Blake O. Fisher, Jr. (Signature) Blake O. Fisher, Jr. President, Chief Operating Officer & Chief Financial Officer Date April 27, 1995