[Federal Register Volume 65, Number 156 (Friday, August 11, 2000)]
[Notices]
[Page 49277]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-20410]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27209]


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

August 7, 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 August 28, 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 August 28, 2000, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

DTE Energy Company (70-9705)

    DTE Energy Company (``DTE''), 2000 2nd Avenue, Detroit, Michigan 
48226-1279, a public utility holding company claiming exemption from 
registration under section 3(a)(1) of the Act by rule 2 under the Act, 
has filed an application under sections 9(a)(2) and 10 of the Act.
    DTE proposes to acquire all of the issued and outstanding voting 
securities of International Transmission Company (``ITC'') 
(``Acquisition''), which DTE states will own and operate substantially 
all of the transmission assets more particularly described below 
(``Assets''), currently owned by Detroit Edison Company (``Detroit''), 
a public utility subsidiary company of DTE. The Acquisition will be one 
in a series of transactions in a corporate reorganization of DTE.
    The Acquisition will be effected under a separation and 
subscription agreement between Detroit and ITC (``Agreement''). Under 
the Agreement, Detroit will transfer the Assets to ITC at their actual 
depreciated value as of December 31, 1999 in a tax-free exchange for 
all of ITC's voting securities (``Securities''). Following the 
exchange, Detroit will distribute the Securities to DTE as a common 
stock dividend. Following the Acquisition, ITC will be a ``public 
utility company,'' as defined in the Act.
    The Assets will include approximately 6,472 miles of transmission 
facilities with ratings from 120 Kv to 345 Kv. DTE states that the 
Assets will be interconnected with several regional utilities and 
transmission organizations.
    DTE states that the Acquisition is a preliminary step that will 
allow it to establish ITC as an independent and efficient participant 
in the open transmission market contemplated by the Federal Energy 
Regulatory Commission that then can be fairly priced by the product and 
capital markets. DTE states that it intends to later divest itself of 
ITC.

    For the Commission by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-20410 Filed 8-10-00; 8:45 am]
BILLING CODE 8010-01-M