SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 repFebruary 4, 1999
MARKETSPAN CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
New York
(State or Other Jurisdiction of Incorporation)
1-14161 11-3431358
(Commission File Number) (IRS Employer Identification No.)
175 East Old Country Road, Hicksville, New York 11801
One MetroTech Center, Brooklyn, New York 11201
(Address of Principal Executive Offices) (Zip Code)
(516) 755-6650 (Hicksville)
(718) 403-1000 (Brooklyn)
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On January 28, 1999, MarketSpan Corporation d/b/a KeySpan Energy
("the Company") entered into a definitive agreement with Consolidated Edison
Company of New York, Inc. to purchase for approximately $597 million, the
2,168-megawatt Ravenswood electric generating facilities located in Long Island
City, Queens, New York. Consummation of this transaction is subject to various
regulatory approvals, the timing of which cannot be determined.
For additional information concerning this transaction, please refer
to the Company's press release, attached hereto as Exhibit 99, which is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
(1) Press Release of the Company dated January 28, 1999.
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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 hereunto duly authorized.
MARKETSPAN CORPORATION
Dated: February 4, 1999 By: /s/ Craig G. Matthews
--- ----- -- --------
Name: Craig G. Matthews
Title: President and Chief
Operating Officer
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INDEX TO EXHIBITS
Exhibit No. Exhibit Page
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99 Press Release, dated January 28, 1999 5
4