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: December 2, 1999)
KEYSPAN 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)
1
Item 5. Other Events.
KeySpan Corporation (the "Company") is making this filing to include the
exhibits hereto by means of incorporation by reference into the Company's
filings under the Securities Act of 1933, as amended.
Exhibit 99.1 contains consolidated financial statements of the Company for
each of the nine months ended December 31, 1998, the twelve months ended March
31, 1998, the three months ended March 31, 1997 and the twelve months ended
December 31, 1996 (the "Company's Financial Statements"). THE COMPANY'S
FINANCIAL STATEMENTS, WHICH INCLUDE THE OPINIONS OF ARTHUR ANDERSEN LLP AND
ERNST & YOUNG LLP, THE COMPANY'S CURRENT AND FORMER INDEPENDENT ACCOUNTANTS,
RESPECTIVELY, ARE IDENTICAL TO THE CORRESPONDING FINANCIAL STATEMENTS CONTAINED
IN THE COMPANY'S TRANSITION REPORT ON FORM 10-K FOR THE NINE MONTHS ENDED
DECEMBER 31, 1998, EXCEPT THAT A NEW NOTE , CONTAINING SUMMARIZED FINANCIAL
INFORMATION FOR KEYSPAN GAS EAST CORPORATION D/B/A BROOKLYN UNION OF LONG
ISLAND, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY ("BULI"), HAS BEEN ADDED. The
Company's Financial Statements are hereby incorporated herein by reference.
Exhibit 99.2 contains unaudited condensed consolidated financial statements
of the Company for the nine months ended September 30, 1999 (the "Company's
Nine- Month Financial Statements"). THE COMPANY'S NINE-MONTH FINANCIAL
STATEMENTS ARE IDENTICAL TO THE CORRESPONDING FINANCIAL STATEMENTS CONTAINED IN
THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED
SEPTEMBER 30, 1999, EXCEPT THAT A NEW NOTE, CONTAINING SUMMARIZED FINANCIAL
INFORMATION FOR BULI, HAS BEEN ADDED. The Company's Nine-Month Financial
Statements are hereby incorporated herein by reference.
2
Item 7. Financial Statements and Exhibits.
(c)Exhibits
Exhibit 23.1 Consent of Arthur Andersen LLP
Exhibit 23.2 Consent of Ernst & Young LLP
Exhibit 99.1 Consolidated financial statements of the Company for each of
the nine months ended December 31, 1998, the twelve months ended March
31, 1998, the three months ended March 31, 1997 and the twelve months
ended December 31, 1996
Exhibit99.2 Unaudited condensed consolidated financial statements of the
Company for the nine months ended September 30, 1999
3
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.
KEYSPAN CORPORATION
Dated: December 1, 1999 By:/s/ Gerald Luterman
--------------------------
Name: Gerald Luterman
Title:Senior Vice President and
Chief Financial Officer
4
INDEX TO EXHIBITS
Exhibit No. Exhibit Page
23.1 Consent of Arthur Andersen LLP 6
23.2 Consent of Ernst & Young LLP 7
99.1 Consolidated financial statements of the Company for each 8
of the nine months ended December 31, 1998, the twelve
months ended March 31, 1998, the three months ended
March 31, 1997 and the twelve months ended December 31,
1996
99.2 Unaudited condensed consolidated financial statements of 55
the Company for the nine months ended September 30,
1999
5