[Federal Register Volume 65, Number 211 (Tuesday, October 31, 2000)]
[Notices]
[Pages 65033-65034]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-27859]



[[Page 65033]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27260]


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

October 24, 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 November 20, 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 November 20, 2000, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

GPU, Inc., et al. (70-7727)

    GPU, Inc. (``GPU''), a registered holding company located at 300 
Madison Avenue, Morristown, New Jersey 07960, GPU International, Inc. 
(``GPUI''), a non-utility subsidiary of GPU, and its nonutility 
subsidiaries Elmwood Energy Corporation, Geddes II Corporation, Geddes 
Cogeneration Corporation, EI Selkirk, Inc., EI Canada Holding Limited, 
EI Services Canada Limited, EI Brooklyn Power Limited, NCP Energy, 
Inc., NCP Lake Power Inc., NCP Gem, Inc., Lake Investment, L.P., NCP 
Pasco, Inc., NCP Dade Power, Inc., Dade Investment, L.P., NCP Houston 
Power, Inc., NCP Perry Inc., NCP New York Inc., GPU Generation 
Services--Pasco, Inc., GPU Generation Services--Lake, Inc., GPUI Lake 
Holdings, Inc., EI Fuels Corporation, EI Services, Inc., NCP Ada Power, 
Inc., NCP Commerce Power, Inc., Umatilla Groves, Inc., NCP Brooklyn 
Power, Inc., Armstrong Energy Corporation, GPU Power, Inc., Guaracachi 
America, Inc., EI Barranquilla, Inc., Barranquilla Lease Holdings, 
Inc., EI International, Los Amigos Leasing Company, Ltd., GPUI 
Colombia, Ltda., International Power Advisors, Inc., Hanover Energy 
Corporation, Austin Cogeneration Corporation, Austin Cogeneration 
Partners, L.P., GPU Power Philippines, GPU International Asia, Inc., 
GPU Power Ireland, Inc., EI Brooklyn Investments Limited, and GPU 
Mississippi Energy, Inc., all located at One Upper Pond Road, 
Parsippany, New Jersey 07054, have filed a post-effective amendment 
under sections 6(a), 7, 12(b), 32, and 33 of the Act and rule 45(a) 
under the Act to a previously filed application-declaration.
    By orders dated November 16, 1995 (HCAR No. 26409), June 14, 1995 
(HCAR No. 26307), December 28, 1994 (HCAR 26205), September 12, 1994 
(HCAR No. 26123), December 18, 1992 (HCAR No. 25715), and June 26, 1990 
(HCAR No. 25108) (collectively, ``Prior Orders''), GPUI is authorized 
to engage in preliminary project development and administrative 
activities (``Project Activities'') for its investments in qualifying 
facilities, exempt wholesale generators (``EWGs''), and foreign utility 
companies (``FUCOs''). Under the terms of the Prior Orders, GPU is 
authorized to provide guarantees and other forms of credit support in 
connection with the obligations of GPUI or its subsidiaries, guarantee 
the securities and other obligations of EWGs and FUCOs, and assume the 
liabilities of these entities (collectively, ``GPU Authority''). The 
GPU Authority is for an aggregate amount of up to $500 million.
    By order dated December 22, 1997 (HCAR No. 26802) (``1997 Order''), 
GPUI is authorized to provide guarantees and assume liabilities of EWGs 
and FUCOs (collectively, ``GPUI Authority'') in an aggregate amount of 
up to $150 million (``GPUI Limit''). In addition, GPUI subsidiaries 
that are not EWGs or FUCOs are authorized, under the terms of the 1997 
Order, to guarantee obligations of their direct or indirect 
subsidiaries (``GPUI Subsidiaries' Authority''). The GPUI Authority and 
the GPUI Subsidiaries' Authority are for guarantees and other credit 
support arrangements not exempt under rules 45 and 52 under the Act, 
and the GPUI Subsidiaries' Authority is subject to the GPUI Limit.
    The GPU Authority, GPUI Authority, and GPUI Subsidiaries' Authority 
(collectively, ``Previous Authorizations'') expire on December 31, 
2000. Applicants request that the Commission extend the duration of the 
Previous Authorizations through June 30, 2004.

American Electric Power Co., et al. (70-8205)

    American Electric Power Company, Inc. (``AEP''), a registered 
holding company, Central and South West Corporation (``CSW''), a 
registered holding company that is a wholly owned subsidiary of AEP, 
and CSW Energy, Inc. (``CSW Energy''), a wholly owned non-utility 
subsidiary of CSW, all located at 1 Riverside Plaza, Columbus, Ohio 
43215, have filed a post-effective amendment to their application under 
section 12(b) of the Act and rule 45(a) under the Act.
    By order dated November 28, 1995 (HCAR No. 26416), the Commission 
authorized CSW and CSW Energy to issue letters of credit, bid bonds or 
guarantees (collectively, ``Guarantees'') in connection with the 
development of qualifying cogeneration facilities, qualifying small 
power production facilities and independent power facilities 
(``Facilities''), including exempt wholesale generators as defined in 
section 32(e) of the Act, in an aggregate amount not to exceed $75 
million (``Guarantee Limit'').
    Applicants now request authority to issue Guarantees through March 
31, 2006 in amounts that would not, in the aggregate, exceed the 
Guarantee Limit. Applicants state that this expanded authority is 
necessary to enable AEP, CSW, CSW Energy and other AEP subsidiaries to 
continue and to diversify the development program with respect to 
Facilities.

GPU, Inc., et al. (70-8593)

    GPU, Inc. (``GPU''), a registered holding company, its nonutility 
subsidiaries GPU Service, Inc., GPU Capital, Inc., GPU Electric, Inc., 
Victoria Electric Holdings, Inc., El UK Holdings, Inc., Avon Energy 
Partners Holdings, Avon Energy Partners plc, GPU Australia Holding, 
Inc., Austran Holdings, Inc., VicGas Holdings, Inc., GPU Argentina 
Holdings, Inc., GPU Argentina Services Ltd., GPU International 
Australia Pty Ltd., and GPU Brasil, Inc., all located at 300 Madison 
Avenue, Morristown, New Jersey 07960; GPU's public utility 
subsidiaries, Jersey Central Power & Light Company, Metropolitan Edison 
Company, and Pennsylvania Electric Company (collectively, 
``Applicants''), whose mailing address is P.O. Box 16001, Reading, 
Pennsylvania 19640; and GPU International, Inc., El Services, Inc., 
Geddes II Corporation, Geddes Cogeneration Corporation, El Selkirk,

[[Page 65034]]

Inc., El Canada Holding Limited, El Brooklyn Power Limited, El Services 
Canada Limited, NCP Houston Power, Inc., NCP Perry, Inc., GPU Power, 
Inc., Guaracachi America, Inc., El Barranquilla, Inc., Barranquilla 
Lease Holdings, Inc., El International, Los Amigos Leasing Company, 
Ltd., GPUI Colombia, Ltda., International Power Advisors, Inc., Hanover 
Energy Corporation, Austin Cogeneration Corporation, Austin 
Cogeneration Partners, L.P., GPU Power Philippines, GPU International 
Asia, Inc., and GPU Power Ireland, Inc., all nonutility subsidiaries of 
GPU, all located at One Upper Pond Road, Parsippany, New Jersey 07960, 
have filed a post-effective amendment under sections 6(a), 7, 9(a), 10, 
12, 32, and 33 of the Act and rules 43, 45, and 54 under the Act to a 
previously filed declaration-application.
    GPU is currently authorized by order dated December 22, 1997 (HCAR 
No. 26800) (``Prior Order'') to finance investments, through December 
31, 2000 (``Authorization Period''), of up to 100% of its consolidated 
retained earnings in exempt wholesale generators and foreign utility 
companies (collectively, ``Exempt Entities''),\1\ and in other 
subsidiaries that are not Exempt Entities, but are exclusively engaged, 
directly or indirectly, in the business of owning and holding ownership 
interests in Exempt Entities and of engaging in related project 
development activities (``Project Parents'').\2\ The Commission also 
authorized Project Parents in the Prior Order to guarantee or assume 
liabilities with respect to securities issued by, or other obligations 
of, their direct or indirect subsidiaries through the Authorization 
Period,\3\ to the extent these guarantees are not exempt under rules 45 
and 52 under the Act, in an aggregate amount outstanding at any one 
time not to exceed $1 billion.
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    \1\ Investments in Exempt Entities may take the form of: 
guarantees of indebtedness or other obligations of Exempt Entities; 
assumptions of liability of Exempt Entities; and guarantees and 
letter of credit reimbursement agreements in support of equity 
contribution obligations or otherwise in connection with project 
development activities of Exempt Entities.
    \2\ Investments in Project Parents may take the form of cash 
capital contributions or open account advances; promissory notes; 
guarantees of the principal of or interest on promissory notes or 
other evidence of indebtedness or obligations of a Project Parent; 
undertakings to contribute equity to a Project Parent; and 
assumptions of a Project Parent's liability.
    \3\ These guarantees include support instruments or bank letter 
of credit reimbursement agreements or similar instruments or 
undertakings.
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    Applicants seek to extend the Authorization Period to engage in 
these transactions until June 30, 2003.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-27859 Filed 10-30-00; 8:45 am]
BILLING CODE 8010-01-M