[Federal Register Volume 65, Number 108 (Monday, June 5, 2000)]
[Notices]
[Page 35675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-13953]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27179]


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

May 26, 2000.
    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 amendment(s) is/are available for public 
inspection through the Commission's Branch 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 June 19, 2000, to the Secretary, Securities and Exchange 
Commission, Washington, D.C. 20549-0609, 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 the case of an attorney at 
law, by certificate) should be filed with the request. Any request for 
hearing should identify specifically the issues of facts 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 June 19, 2000, the applicant(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Alliant Energy Corporation, et al. (70-9323)

    Alliant Energy Corporation (``Alliant''), a registered holding 
company, its wholly owned intermediate nonutility holding company, 
Alliant Energy Resources, Inc. (``AER''), both located at 222 West 
Washington Avenue, Madison, Wisconsin 53703, and AER's nonutility 
subsidiary, Heartland Properties, Inc. (``HPI'' and together with 
Alliant and AER, ``Applicants''), 122 West Washington Avenue, 6th 
Floor, Madison, Wisconsin 53703, have filed an post-effective 
amendment, under section 9(c)(3) of the Act and rule 54 under the Act, 
to an application previously filed under the Act.
    Under the terms of an order dated April 14, 1998 (HCAR No. 26856) 
(``1998 Order''), Alliant is currently authorized to hold passive 
investments, through HPI, in low-income housing projects (``LIHTC 
Properties'').\1\ Under the terms of the 1998 Order, HPI indirectly 
owns a 1% general partnership interest in an investment fund, more 
particularly described below, that indirectly holds limited partnership 
interests in seventeen LIHTC Properties (``Fund Properties''), nine of 
which are located outside the Alliant service territory. In addition to 
the investments permitted in the 1998 Order, Applicants are authorized 
by order dated August 13, 1999 (HCAR No. 27060) to invest up to $50 
million (``Investment Limitation'') from time to time over a five-year 
period to acquire additional LIHTC Properties in the Alliant Energy 
service territory.
---------------------------------------------------------------------------

    \1\ The Commission determined in the 1998 Order that HPI's 
interests in 84 LIHTC Properties were retainable under section 
9(c)(3) of the Act, because the interests were acquired to generate 
tax credits under section 42 of the Internal Revenue Code and they 
were being converted into passive investments.
---------------------------------------------------------------------------

    The investment fund, Heartland Properties Equity Investment Fund I 
(``Fund''), is a limited partnership that holds limited partnership 
interests ranging between 88.9% and 99% in several other limited 
partnerships that own the Fund Properties. HPI's 1% general partnership 
interest in the Fund is held by its wholly owned subsidiary, Heartland 
Fund I, Inc. Minnesota Life Insurance Company (``MLIC'') is the sole 
limited partner in the Fund with a 99% limited partnership interest.
    HPI has been approached by MLIC about the possibility of selling 
its limited partnership interest in the Fund to HPI. In order to 
consummate the transaction, Applicants now propose to modify the 
existing limitation on investments in LIHTC Properties located outside 
of the year's service territory, for the specific purpose of acquiring 
MLIC's limited partnership interest in the Fund. The expected purchase 
price of approximately $10.7 million, when combined with HPI'S current 
investment level in LIHTC Properties, will be within the Investment 
Limitation.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-13953 Filed 6-2-00; 8:45 am]
BILLING CODE 8010-01-M