[Federal Register Volume 60, Number 23 (Friday, February 3, 1995)]
[Notices]
[Pages 6748-6749]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2654]



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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26223]


Filings Under the Public Utility Holding Company Act of 1935, as 
Amended (``Act'')

January 27, 1995.
    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 February 21, 1995, 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.

EUA Energy Investment Corporation (70-8283)

    EUA Energy Investment Corporation (``EEIC''), P.O. Box 2333, 
Boston, Massachusetts 02107, a wholly owned subsidiary company of 
Eastern Utilities Associates, a registered holding company, has filed a 
post-effective amendment under Section 12(b) of the Act and Rule 45 
thereunder to its application-declaration filed under Section 6(a), 7, 
9(a), 10 and 12(b) of the Act and Rule 45 thereunder.
    By order dated January 24, 1994 (HCAR No. 25976), EEIC was 
authorized, among other things, to provide up to $1 million of capital 
contributions and up to $2 million of open account advances and/or 
loans to TransCapacity L.P. for the research, development and 
commercialization of an energy-related computer software and hardware 
system for the collection, compilation and distribution of an 
information database composed of information regarding natural gas 
pipeline capacity and capacity rights. As of December 31, 1994, EEIC 
has provided TransCapacity L.P. with $2.275 million in funding for its 
working capital, leaving EEIC with unexercised authorization to 
contribute $725,000 to TransCapacity L.P.
    EEIC now proposes to make additional capital contributions to 
TransCapacity L.P., through December 31, 1996 up to an aggregate 
principal amount of $2 million. The partners for TransCapacity L.P. 
project that they will require up to $2 million of additional funding 
from EEIC for working capital purposes due to unavoidable delays in 
achieving their target date for full [[Page 6749]] operation of the 
Energy Bulletin Board system.

New England Electric Resources, Inc. et al. (70-8513)

    New England Electric System (``NEES''), a registered holding 
company, and its nonutility subsidiary company, New England Electric 
Resources, Inc. (``NEERI''), both located at 25 Research Drive, 
Westborough, Massachusetts 01582, have filed an application-declaration 
under Sections 6(a), 7, 9(a), 10, and 12(b) of the Act and Rules 40 and 
45 thereunder.
    By orders dated September 4, 1992, April 1, 1994 and May 25, 1994 
(HCAR Nos. 25621, 26017 and 26057, respectively), NEES was authorized 
to capitalize NEERI in amounts of up to $2.5 million. By the same 
orders, NEERI was authorized to: (1) Enter into the business of 
performing consulting services on electric utility matters for 
nonaffiliates; (2) provide electrical related services for 
nonaffiliates; and (3) invest in a start-up company formed to develop, 
manufacture and market a low harmonic distortion uninterruptible power 
supply.
    NEERI now seeks authority, through 1998, to invest up to $10 
million in research and development activities in connection with 
environmental, new electrical generation and transmission technologies, 
and electric end-use technologies, NEERI will not acquire any 
securities in connection with its research and development activities 
without further Commission approval. NEES seeks authority for the same 
period to provide additional financing for NEERI in an amount not to 
exceed $10 million through non-interest bearing subordinated loans or 
capital contributions. NEES' request to capitalize NEERI is in addition 
to its pending request to provide additional financing to NEERI in 
amounts of up to $11.7 million in S.E.C. File No. 70-8475.
    Further, in order to allow NEERI to acquire securities in local 
enterprises pursuant to Rule 40(a)(5) under the Act, NEES also seeks 
authority to provide additional financing for NEERI in an annual 
aggregate amount not to exceed $1 million through non-interest bearing 
subordinated loans or capital contributions, also through 1998.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-2654 Filed 2-2-95; 8:45 am]
BILLING CODE 8010-01-M