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: February 25, 1997

                                   ----------

                         LONG ISLAND LIGHTING COMPANY
              (Exact name of registrant as specified in charter)

      New York                      1-3571                  11-1019782
(State of Incorporation)     (Commission File No.)          (I.R.S. Employer
                                                            Identification No.)

                                   ----------

             175 East Old Country Road, Hicksville, New York 11801
                                 516-755-6650
         (Address and telephone number of Principal Executive Offices)


<PAGE>


ITEM 5.    OTHER EVENTS

     In connection with the binding share exchanges between Long Island Lighting
Company  ("LILCO")  and The  Brooklyn  Union Gas Company  ("Brooklyn  Union") as
discussed in LILCO's  Report on Form 8-K dated  December 30, 1996 (the  "Binding
Share  Exchanges"),  LILCO  is  filing  the  following:  (i)  audited  financial
statements  of Brooklyn  Union as of September 30, 1996 and 1995 and for each of
the three years in the period ended September 30, 1996;  (ii) unaudited  interim
financial statements of Brooklyn Union as of and for the three and twelve months
ended  December  31,  1996 and 1995;  and  (iii)  unaudited  pro forma  combined
condensed  financial  information  for LILCO and  Brooklyn  Union,  after giving
effect to the Binding Share  Exchanges as a pooling of interests for  accounting
purposes,  in each case as  attached  as  Exhibits  99.1,  99.2 and 99.3 to this
Current Report on Form 8-K, which Exhibits are hereby  incorporated by reference
herein.

ITEM 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

      The audited  financial  statements,  and the unaudited  interim  financial
statements of Brooklyn  Union,  and the unaudited pro forma  combined  condensed
financial  information,  referred to above in Item 5 and incorporated  herein by
reference, are attached hereto as the following Exhibits:

Exhibit
NUMBER

99.1.      Audited  financial  statements of Brooklyn  Union as of September 30,
           1996 and 1995 and for each of the  three  years in the  period  ended
           September 30, 1996,  including the report and consent of  Independent
           Auditors.

99.2.      Unaudited interim financial information of Brooklyn Union for its 
           quarters ended December 31, 1996 and 1995, including the review 
           report and acknowledgment of Independent Auditors.

99.3.      Unaudited pro forma combined condensed financial information for 
           LILCO and Brooklyn Union.


<PAGE>


                                   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.


                          LONG ISLAND LIGHTING COMPANY
                                  (Registrant)

                          By:   /S/ ANTHONY NOZZOLILLO
                          ----------------------------
                               Anthony Nozzolillo
                         Senior Vice President - Finance


Dated:      February 25, 1997
[{"type": "8-K", "sequence": "1", "description": "LILCO FORM 8-K CURRENT REPORT", "secsgml_size_bytes": 3750}]
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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: February 25, 1997

                                   ----------

                         LONG ISLAND LIGHTING COMPANY
              (Exact name of registrant as specified in charter)

      New York                      1-3571                  11-1019782
(State of Incorporation)     (Commission File No.)          (I.R.S. Employer
                                                            Identification No.)

                                   ----------

             175 East Old Country Road, Hicksville, New York 11801
                                 516-755-6650
         (Address and telephone number of Principal Executive Offices)
ITEM 5.    OTHER EVENTS

     In connection with the binding share exchanges between Long Island Lighting
Company  ("LILCO")  and The  Brooklyn  Union Gas Company  ("Brooklyn  Union") as
discussed in LILCO's  Report on Form 8-K dated  December 30, 1996 (the  "Binding
Share  Exchanges"),  LILCO  is  filing  the  following:  (i)  audited  financial
statements  of Brooklyn  Union as of September 30, 1996 and 1995 and for each of
the three years in the period ended September 30, 1996;  (ii) unaudited  interim
financial statements of Brooklyn Union as of and for the three and twelve months
ended  December  31,  1996 and 1995;  and  (iii)  unaudited  pro forma  combined
condensed  financial  information  for LILCO and  Brooklyn  Union,  after giving
effect to the Binding Share  Exchanges as a pooling of interests for  accounting
purposes,  in each case as  attached  as  Exhibits  99.1,  99.2 and 99.3 to this
Current Report on Form 8-K, which Exhibits are hereby  incorporated by reference
herein.

ITEM 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

      The audited  financial  statements,  and the unaudited  interim  financial
statements of Brooklyn  Union,  and the unaudited pro forma  combined  condensed
financial  information,  referred to above in Item 5 and incorporated  herein by
reference, are attached hereto as the following Exhibits:

Exhibit
NUMBER

99.1.      Audited  financial  statements of Brooklyn  Union as of September 30,
           1996 and 1995 and for each of the  three  years in the  period  ended
           September 30, 1996,  including the report and consent of  Independent
           Auditors.

99.2.      Unaudited interim financial information of Brooklyn Union for its 
           quarters ended December 31, 1996 and 1995, including the review 
           report and acknowledgment of Independent Auditors.

99.3.      Unaudited pro forma combined condensed financial information for 
           LILCO and Brooklyn Union.
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.

                          LONG ISLAND LIGHTING COMPANY
                                  (Registrant)

                          By:   /S/ ANTHONY NOZZOLILLO
                          ----------------------------
                               Anthony Nozzolillo
                         Senior Vice President - Finance

Dated:      February 25, 1997