[Federal Register Volume 60, Number 184 (Friday, September 22, 1995)]
[Notices]
[Pages 49301-49302]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-23506]



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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26375]


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

September 15, 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 October 10, 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.

Columbia Gas System, Inc., et al. (70-8471)

    Columbia Gas System, Inc. (``Columbia''), 20 Montchanin Road, 
Wilmington, Delaware 19807, a registered holding company, seventeen 
wholly-owned subsidiary companies of Columbia,\1\ all of which are 
engaged in 

[[Page 49302]]
the natural gas business, twelve subsidiary companies of TriStar 
Ventures (``TriStar Ventures Subsidiaries''),\2\ Columbia Gas 
Transmission Corp. (``Gas Transmission'', 1700 MacCorkle Avenue, SE., 
Charleston, West Virginia 25314, and Columbia Energy Marketing Corp. 
(``Energy Marketing''), 2581 Washington Road, Pittsburgh, Pennsylvania 
15241, have filed a post-effective amendment to the application-
declaration, previously filed by all the applicants-declarants but for 
Gas Transmission and Energy Marketing, under Sections 6, 7, 9(a), 10, 
12(b), 12(c), and 12(f) of the Act and Rules 42, 43, 45, and 46 
thereunder.

    \1\Columbia Gas of Pennsylvania, Inc. (``Columbia 
Pennsylvania''), 200 Civic Center Drive, Columbus, Ohio 43215; 
Columbia Gas of Ohio, Inc. (``Columbia Ohio''), 200 Civic Center 
Drive, Columbus, Ohio 43215; Columbia Gas of Maryland, Inc. 
(``Columbia Maryland''), 200 Civic Center Drive, Columbus, Ohio 
43215; Columbia Gas of Kentucky, Inc. (``Columbia Kentucky''), 200 
Civic Center Drive, Columbus, Ohio 43215; Commonwealth Gas Services, 
Inc. (``Commonwealth Services''), 200 Civic Center Drive, Columbus, 
Ohio 43215; Columbia Gulf Transmission Co. (``Columbia Gulf''), 1700 
MacCorkle Avenue, SE., Charleston, West Virginia 25314; Columbia Gas 
Development Corp. (``Columbia Development''), One Riverway, Houston, 
Texas 77056; Columbia Natural Resources, Inc. (``Columbia 
Resources''), 900 Pennsylvania Avenue, Charleston, West Virginia 
25302; Columbia Coal Gasification Corp. (``Columbia Coal''), 900 
Pennsylvania Avenue, Charleston, West Virginia 25302; Columbia 
Energy Services Corp. (``Columbia Services''), 2581 Washington Road, 
Upper Saint Clair, Pennsylvania 15241; Columbia Gas System Service 
Corp. (``Service Corporation''), 20 Montchanin Road, Wilmington, 
Delaware 19807; Columbia Propane Corp. (``Columbia Propane''), 800 
Moorefield Park Drive, Richmond, Virginia 23236; Commonwealth 
Propane, Inc. (``Commonwealth Propane''), 800 Moorefield Park Drive, 
Richmond, Virginia 23236; TriStar Ventures Corp. (``TriStar 
Ventures''), 20 Montchanin Road, Wilmington, Delaware 19807; TriStar 
Capital Corp. (``TriStar Capital''), 20 Montchanin Road, Wilmington, 
Delaware 19807; Columbia Atlantic Trading Corp. (``Columbia 
Atlantic''), 20 Montchanin Road, Wilmington, Delaware 19807; and 
Columbia LNG Corp. (``Columbia LNG''), 20 Montchanin Road, 
Wilmington, Delaware 19807.
    \2\TriStar Pedrick Limited Corporation, TriStar Pedrick General 
Corporation, TriStar Binghamton Limited Corporation, TriStar 
Binghamton General Corporation, TriStar Vineland Limited 
Corporation, TriStar Vineland General Corporation, TriStar Rumford 
Limited Corporation, TriStar Georgetown General Corporation, TriStar 
Georgetown Limited Corporation, TriStar Fuel Cells Corporation, TVC 
Nine Corporation, and TVC Ten Corporation, all of 20 Montchanin 
Road, Wilmington, Delaware 19807.
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    By order dated December 22, 1994 (HCAR No. 26201) (``Order''), 
Columbia, and fourteen of the subsidiary companies 
(``Subsidiaires''),\3\ were authorized to recapitalize Columbia Gulf, 
Columbia Development, and Columbia Coal, to implement the 1995 and 1996 
Long-Term and Short-Term Financing Programs of the Subsidiaries, and to 
continue the Intrasystem Money Pool (``Money Pool'') through 1996.

    \3\Columbia Pennsylvania, Columbia Ohio, Columbia Maryland, 
Columbia Kentucky, Commonwealth Services, Columbia Gulf, Columbia 
Development, Columbia Resources, Columbia Coal, Service Corporation, 
Columbia Propane, Commonwealth Propane, TriStar Capital, and 
Columbia Atlantic.
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    By order dated March 15, 1995 (HCAR No. 26251), the TriStar 
Ventures Subsidiaries were authorized to invest in, but not to borrow 
from, the Money Pool.
    The applicants-declarants now seek Commission authorization for Gas 
Transmission and Energy Marketing to invest in, but not to borrow from, 
the Money Pool, which will continue to be operated in accordance with 
the terms of the Order.

Georgia Power Co. (70-8665)

    Georgia Power Company (``GPC''), 333 Piedmont Avenue, NE., Atlanta, 
Georgia 30308, a wholly owned public utility subsidiary company of The 
Southern Company (``Southern''), a registered holding company, has 
filed an application under sections 9(a) and 10 of the Act and rules 44 
and 54 thereunder.
    GPC proposes to purchase from Florida Power Corporation (``FPC''), 
a nonaffiliate of GPC or Southern, a one-third undivided ownership 
interest in the Intercession City Facility Combustion Turbine 
(``Facility'') pursuant to the Intercession City Siemens Unit Purchase 
and Ownership Participation Agreement dated June 8, 1994 between GPC 
and FPC (``Ownership Agreement'') and the Intercession City Siemens 
Unit Step-Up Transformer Purchase Agreement dated June 8, 1994 between 
GPC and FPC. The Facility includes one complete Siemens V84.3 
combustion turbine-generating unit and a step-up transformer.
    The purchase price for the assets to be acquired by GPC at the 
closing will be one-third of the costs of construction incurred with 
respect to the Facility, which are currently estimated to be 
$13,137,680 (``Purchase Price''). To such amount shall be added an 
amount to compensate FPC for federal and state income taxes payable due 
to differences in book and tax basis of the equity component of the 
allowance for funds used during construction with respect to the sale 
by FPC of such undivided ownership interest in the Facility, which 
taxes are approximately $40,000.
    At the closing, which is currently scheduled to occur in January 
1996, FPC will furnish to GPC a release from any and all mortgages, 
deeds to secure debt, or other security interests with respect to the 
undivided ownership interest in the Facility. In addition, GPC shall 
pay FPC for the use of common facilities during the construction and 
testing period, which is stipulated to be $87,500, and carrying charges 
with respect to the fuel inventory maintained during the testing 
period, which is approximately $9,491. FPC will adjust the Purchase 
Price within one hundred eighty (180) days after the closing to account 
for any necessary true-ups and inform GPC of any amounts to be 
reimbursed to GPC or any amounts owned by GPC with respect to the 
Purchase Price.
    Pursuant to the Long Term Lease Agreement dated June 8, 1994, 
between GPC and FPC, FPC shall lease to GPC an undivided one-third 
interest in the real property on which the Facility will be developed. 
The annual rent for the leasehold interests conveyed to GPC shall be 
$300.00 per year plus all Florida sales taxes applicable thereto.
    The Facility will be managed, controlled, operated and maintained 
by FPC on its own behalf and as agent for GPC in accordance with the 
terms and conditions set forth in the Ownership Agreement and the 
Intercession City Siemens Unit Operating Agreement dated June 8, 1994 
between GPC and FPC (``Operating Agreement''). FPC and GPC shall pay 
all future costs of construction on a pro rata basis on their 
percentage undivided ownership interests in the Facility at the time 
such costs are incurred.
    FPC and GPC will share operating costs and fuel costs. Fixed 
operation and maintenance costs and fixed fuel costs shall be allocated 
between FPC and GPC in proportion to their respective percentage 
undivided ownership interests in the Facility. Variable operation and 
maintenance costs and variable fuel costs incurred by FPC during the 
months of June, July, August and September (``Summer Period'') shall 
allocated solely to GPC and variable operation and maintenance costs 
and variable fuel costs incurred by FPC during the months of October, 
November, December, January, February, March, April and May (``Winter 
Period'') shall be allocated solely to FPC. In addition, GPC will pay a 
share of the monthly administrative and general costs of operating the 
Facility pursuant to the terms of the Operating Agreement.
    GPC will be entitled to the net capacity and the net energy output 
of the Facility at all times during the Summer Period. FPC will be 
entitled to the net capacity and the net energy output of the Facility 
at all times during the Winter Period. The Facility is currently 
scheduled to go into commercial operation in January 1996.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-23506 Filed 9-21-95; 8:45 am]
BILLING CODE 8010-01-M