[Federal Register Volume 60, Number 207 (Thursday, October 26, 1995)]
[Notices]
[Page 54908]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26578]



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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26396]


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

October 20, 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 November 13, 1995, to the Secretary, Securities and Exchange 
Commission, Washington, D.C. 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.

Transok, Inc., et al. (70-8519)

    Transok, Inc. (``Transok''), a wholly-owned non-utility subsidiary 
of Central and South West Corporation (``CSW''), a registered holding 
company, Transok Acquisition Company (``TAC''), a wholly-owned non-
utility subsidiary of Transok, and Transok Gas Transmission Company 
(``Transmission'') and Transok Gas Gathering Company (``Gathering''), 
wholly-owned non-utility subsidiaries of TAC,\1\ all located at P.O. 
Box 3008, Tulsa, Oklahoma 74101, have filed an application-declaration 
under sections 9(a), 10, 12(c) and 12(f) of the Act and rules 42, 43, 
45(a) and 54 thereunder.

    \1\ In addition to Gathering and Transmission, TAC currently has 
two other wholly-owned non-utility subsidiaries: Transok Gas Company 
(``Marketing'') and Transok Gas Processing Company (``Processing'').
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    Applicants request authorization to merge TAC, Transmission and 
Gathering into Transok, with Transok being the surviving 
corporation.\2\ The mergers would simplify Transok's corporate 
structure by eliminating one of its first-tier subsidiaries (TAC) and 
two of its second-tier subsidiaries (Transmission and Gathering).\3\ As 
a result of the mergers, Transok will acquire all of the assets and 
assume all of the liabilities of TAC, Transmission and Gathering. Each 
outstanding share of capital stock Transok will remain unchanged with 
the same rights, privileges and preferences as before the mergers. Each 
outstanding share of capital stock of TAC, Transmission and Gathering 
will be cancelled and extinguished. Applicants state that they expect 
the mergers to produce several benefits and efficiencies, including (i) 
annual tax savings of approximately $500,000; (ii) simplified and less 
costly internal and external accounting operations; (iii) reduced and 
less costly regulatory reporting and compliance requirements; (iv) 
reduced administrative costs; and (v) simplified and less costly 
contracting procedures for Transok and its customers.

    \2\ The mergers would be accomplished in two stages: (1) the 
merger of TAC into Transok, with Transok being the surviving 
corporation, and (2) the subsequent mergers of Transmission and 
Gathering into Transok, with Transok being the surviving 
corporation.
    \3\ Transok currently has two first-tier subsidiaries, Transok 
Properties, Inc. (``Properties'') and TAC, and, through its sole 
ownership of TAC, four second-tier subsidiaries: Gathering, 
Transmission, Processing and Marketing. After the proposed mergers 
are consummated, Transok will have no second-tier subsidiaries and 
three first-tier subsidiaries: Properties, Processing and Marketing.
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    Applicants also request authorization for Transok to transfer 
certain natural gas compression assets, as a capital contribution, to 
Transok Gas Processing Company, another of its wholly-owned 
subsidiaries.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-26578 Filed 10-25-95; 8:45 am]
BILLING CODE 8010-01-M