[Federal Register Volume 63, Number 161 (Thursday, August 20, 1998)]
[Notices]
[Page 44665]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-22433]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-26906]


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

August 14, 1998.
    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 under the Act. 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 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 September 8, 1998, 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 
should 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 September 8, 1998, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

System Energy Resources, Inc. (70-8511)

    Entergy Corporation (``Entergy''), P.O. Box 61005, New Orleans, 
Louisiana 70161, a registered holding company, Entergy's electric 
generating subsidiary company, System Energy Resources, Inc. 
(``SERI''), 1340 Echelon Parkway, Jackson, Mississippi 39213; and 
Entergy's operating subsidiary companies (``Operating Subsidiaries''), 
Entergy Arkansas, Inc., P.O. Box 551, Little Rock, Arkansas 72203; 
Entergy Louisiana, Inc., 639 Loyola Avenue, New Orleans, Louisiana 
70113; Entergy Mississippi, Inc., P.O. Box 1640, Jackson, Mississippi 
39205; and Entergy New Orleans, Inc., 639 Loyola Avenue, New Orleans, 
Louisiana 70113, have filed a post-effective amendment to their 
application-declaration under sections 6(a), 7, 9(a), 10, 12(b) and 
12(d) of the Act and rules 44, 45 and 54 thereunder.
    By orders dated May 9, 1995 (HCAR No. 26287), August 18, 1995 (HCAR 
No. 26358) and August 27, 1996 (HCAR No. 26561) (``Orders''), the 
Commission authorized SERI, through December 31, 2000, to issue and 
sell one or more series of its first mortgage bonds (``Bonds'') and one 
or more series of its debentures (``Debentures'') in an aggregate 
principal amount not to exceed $540 million. The Orders also authorized 
SERI to enter into arrangements for the issuance and sale of tax-exempt 
revenue bonds (``Tax-Exempt Bonds'') in an aggregate principal amount 
not to exceed $350 million. In support of the Tax-Exempt Bonds, SERI 
was authorized to issue and pledge one or more new series of its first 
mortgage bonds in an aggregate principal amount not to exceed $395 
million or obtain one or more irrevocable letters of credit with face 
amounts of up to $395 million.
    In order to provide additional security for its obligations under 
the Bonds, SERI was authorized to assign to holders of the Bonds 
certain rights under an agreement with the Operating Subsidiaries to 
receive operating expense payments from those subsidiaries for the 
operation of a nuclear powered generating station. SERI was authorized 
also to assign to holders of the Bonds certain rights under a separate 
agreement to receive capital contributions from Entergy in amounts 
sufficient to maintain SERI's equity ratio at a 35% level, as defined 
in that agreement.
    SERI now proposes to increase the aggregate outstanding principal 
amounts of Bonds and/or Debentures from $540 million to $685 million. 
In addition, SERI proposes to increase the obligations incurred 
(``Notes'') in connection with the issuance and sale of Tax-Exempt 
Bonds from $350 million to $515 million. As authorized in the Orders, 
the Bonds, Debentures and Notes will have maturities not exceeding 40 
years. All other terms and conditions authorized in the Orders will 
also remain the same.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-22433 Filed 8-19-98; 8:45 am]
BILLING CODE 8010-01-M