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): May 17, 1996
TUCSON ELECTRIC POWER COMPANY
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(Exact name of registrant as specified in its charter)
Arizona 1-5924 86-0062700
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
220 West Sixth Street, Tucson, Arizona 85701
(Address of principal executive office) (Zip Code)
(602) 571-4000
(Registrant's telephone number, including area code)
Item 5. Other Events
On May 17, 1996, the Company filed with the Arizona
Corporation Commission ("ACC") amendments to the Company's
Restated Articles of Incorporation. The amendments (i)
reduce the number of outstanding shares of the Company's
common stock, no par value ("Common Stock"), through a one-
for-five reverse split; and (ii) reduce the number of
authorized shares of Common Stock from 200 million to 75
million.
The amendments were approved by the Company's
shareholders on May 14, 1996, and are effective as of the
time of filing with the ACC (the "Effective Time").
At and after the Effective Time each share of Common
Stock issued and outstanding immediately prior to the
Effective Time was reclassified and changed into one-fifth
(1/5) of one (1) share of the Common Stock without par value
(shares of Common Stock issued and outstanding prior to the
Effective Time being hereinafter called "Old Shares" and
shares of Common Stock issued and outstanding at and after
the Effective Time being hereinafter called "New Shares");
provided, however, that, with respect to each holder of Old
Shares such reclassification was effected on the basis of
the total number of Old Shares held by such shareholder and,
if such reclassification would have resulted in any holder
of Old Shares becoming the holder of a fractional share
interest in a New Share, the number of New Shares into which
such holder's Old Shares were reclassified was rounded
upward to the nearest whole share.
Certificates for Common Stock dated on or before May 17,
1996 represent Old Shares. Certificates dated after May 17,
1996 reflect the reverse stock split, and represent New
Shares.
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.
TUCSON ELECTRIC POWER COMPANY
(Registrant)
Date: May 22, 1996 Ira R. Adler
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Ira R. Adler
Senior Vice President and Principal
Financial Officer