[Federal Register Volume 59, Number 125 (Thursday, June 30, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-15934] [[Page Unknown]] [Federal Register: June 30, 1994] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 35-26070] Filings Under the Public Utility Holding Company Act of 1935 (``Act'') June 24, 1994. Notice is hereby given that the following filing(s) has/have been made with the Commission pursuant to provisions of the Act and rules promulgated thereunder. All interested persons are referred to the application(s) and/or declaration(s) for complete statements of the proposed transaction(s) summarized below. The application(s) and/or declaration(s) and any amendments thereto is/are available for public inspection through the Commission's Office of Public Reference. Interested persons wishing to comment or request a hearing on the application(s) and/or declaration(s) should submit their views in writing by July 18, 1994, to the Secretary, Securities and Exchange Commission, Washington, DC 20549, and serve a copy on the relevant applicant(s) and/or declarant(s) at the address(es) specified below. Proof of service (by affidavit or, in case of an attorney at law, by certificate) should be filed with the request. Any request for hearing shall identify specifically the issues of fact or law that are disputed. A person who so requests will be notified of any hearing, if ordered, and will receive a copy of any notice or order issued in the matter. After said date, the application(s) and/or declaration(s), as filed or as amended, may be granted and/or permitted to become effective. Central and South West Corporation, et al. (70-8433) Central and South West Corporation (``CSW''), a registered holding company, and its nonutility subsidiary company CSW Energy, Inc. (``Energy''), both located at 1616 Woodall Rodgers Freeway, P.O. Box 660164, Dallas, Texas 75202, and its proposed nonutility subsidiary, Energy Sub (``Energy Sub'') (together, ``Applicants''), have filed an application-declaration under Sections 6, 7, 9(a), 10, 12(b) and 32 of the Act and Rules 43, 45 and 54 thereunder. CSW and Energy propose to form and invest in Energy Sub, a wholly owned special purpose subsidiary of Energy, in connection with the purchase from Texasgulf, Inc. (``Texasgulf''), a nonassociate corporation, of an approximately 85 megawatt natural gas fired generation facility, including approximately 40 acres of land (``Project'') located in or near Wharton County, Texas. Energy Sub will develop the Project such that it will qualify as an exempt wholesale generator, as defined in Section 32(e) of the Act (``EWG''). Energy Sub will be incorporated under the laws of the State of Delaware with an authorized capital of up to 1,000 shares of common stock, each without par value. Energy will subscribe to all of Energy Sub's common stock at a subscription price of $1.00 per share. It is further proposed that Energy Sub will purchase the Project from Texasgulf, the sole owner of the Project, for a purchase price in an amount not to exceed $11 million (``Purchase Price'') at financial closing of the purchase of the Project (``Purchase Closing''). The Purchase Closing is anticipated to occur promptly after the Commission's approval of the proposed transactions, expected to be in July 1994. In addition to the Purchase Price, Energy Sub anticipates incurring costs to develop the Project. The aggregate of such development costs will not exceed $5 million (``Development Costs''). CSW and Energy propose to fund the Purchase Price and the Development Costs by capital contributions, loans or open account advances from CSW to Energy and from Energy to Energy Sub. All such loans or open account advances from CSW to Energy and from Energy to Energy Sub would bear interest at a rate per annum not in excess of CSW's weighted cost of capital and would have a final maturity not to exceed five years. For the Commission, by the Division of Investment Management, pursuant to delegated authority. Margaret H. McFarland, Deputy Secretary. [FR Doc. 94-15934 Filed 6-29-94; 8:45 am] BILLING CODE 8010-01-M