[Federal Register Volume 65, Number 174 (Thursday, September 7, 2000)]
[Notices]
[Pages 54326-54327]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-23012]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27225]


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

September 1, 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 September 22, 2000, to the Secretary, Securities and 
Exchange Commission, Washington, DC 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

[[Page 54327]]

who so requests will be notified of any hearing, if ordered, and will 
receive a copy of any notice of order issued in the matter. After 
September 22, 2000, the application(s) and/or declaration(s), as filed 
or as amended, may be granted and/or permitted to become effective.

Dominion Resources, et al. [70-9679]

    Dominion Resources, Inc. (``Dominion''), 120 Tredegar Street, 
Richmond, Virginia 23219, a registered holding company, and its wholly 
owned subsidiary Consolidated Natural Gas Company (``CNG''), CNG Tower, 
625 Liberty Avenue, Pittsburgh, PA 15222-3199, also a registered 
holding company (together, ``Applicants''), have filed an application-
declaration under section 12(c) of the Act and rules 46 and 54 under 
the Act.
    On January 28, 2000, CNG became a wholly owned subsidiary of 
Dominion (``Merger'').\1\ As a result of the accounting treatment of 
the Merger, the retained earnings of CNG were recharacterized as paid-
in-capital. Dominion now requests authorization to pay dividends out of 
the additional paid-in-capital account up to the amount of its 
aggregate retained earnings just prior to the Merger.
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    \1\ Holding Co. Act Release No. 27113 (Dec. 15, 1999).
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    Applicants also seeks the ability to reorganize and restructure 
their nonutility businesses so that all nonutility subsidiaries engaged 
in similar activities can be part of the same intra-corporate grouping.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-23012 Filed 9-1-00 5:06 pm]
BILLING CODE 8010-01-M