[Federal Register Volume 61, Number 194 (Friday, October 4, 1996)]
[Notices]
[Pages 52071-52072]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25506]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-26582]


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

September 27, 1996.
    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 21, 1996, 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 declaration(s), as filed or 
as amended, may be granted and/or permitted to become effective.

GPU International, Inc., et al. (70-8533)

    GPU International, Inc. (``GPUI'') (formerly Energy Initiatives, 
Inc.) and NCP Energy, Inc. (``NCP''), each of One Upper Pond Road, 
Parsippany, New Jersey 07054, and each a nonutility subsidiary of 
General Public Utilities Corporation (``GPU''), a registered holding 
company, have filed a declaration under section 12(c) of the Act and 
rules 46 and 54 thereunder.
    By order dated May 17, 1994 (HCAR No. 26053), among other things, 
GPUI was authorized to acquire all of the stock of North Canadian Power 
Inc. (now known an NCP), a company engaged exclusively in the business 
of owning or leasing and operating qualifying cogeneration facilities 
(``QFs''), as defined in the Public Utility Regulatory Policies Act of 
1978, as amended, and developing other QFs and exempt wholesale 
generators (``EWGs''), as defined in section 32 of the Act.
    By order dated March 1, 1995 (HCAR No. 26241), NCP was authorized 
to distribute to GPUI, by way of a dividend, all of NCP's assets, 
except for certain assets related to its Syracuse Cogeneration Project. 
The NCP assets consisted of all of the outstanding common stock 
(``Common Stock'') of each subsidiary of NCP (each a ``Project Sub'').
    By order dated January 3, 1996 (HCAR No. 26447), the Commission 
extended

[[Page 52072]]

until June 30, 1996, the period during which NCP was authorized to pay 
the dividend.
    On March 27, 1996, NCP distributed to GPUI, by way of a dividend, 
the capital stock of its Project Subs other than those that hold NCP's 
interest in the Pasco Cogeneration Project, namely, NCP Pasco 
Incorporated and NCP Dade Power Incorporated (the ``Pasco Project 
Subs''). NCP was unable to pay the dividend with respect to the Pasco 
Project Subs because it had not yet received certain third-party 
consents which are required under its project agreements as a condition 
to effecting the transfer. NCP now anticipates that these consents will 
be received by December 31, 1996, and NCP requests authorization to 
declare the dividend with respect to the Pasco Project Subs at any time 
and from time to time on or before December 31, 1996.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-25506 Filed 10-3-96; 8:45 am]
BILLING CODE 8010-01-M