[Federal Register Volume 66, Number 61 (Thursday, March 29, 2001)]
[Notices]
[Pages 17168-17169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-7715]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. EL01-56-000]


Niagara Mohawk Holdings, Inc. and National Grid USA; Notice of 
Filing

March 23, 2001.
    Take notice that on February 1, 2001, as part of their merger 
application in Docket No. EC01-63-000, Niagara Mohawk Holdings, Inc. 
and National Grid USA (Applicants) also seek Commission authorization 
for various accounting matters related to the merger. These accounting 
authorizations are the subject of the request for declaratory order 
that is assigned Docket No. EL01-56-000. Specifically, Applicants seek 
Commission authorization to pay as dividends from paid-in capital 
accounts, preexisting retained earnings that will have been restated as 
paid-in capital as a result of accounting conventions associated with 
the merger. Also, Applicants seek authorization to calculate earnings 
available for dividends by adding back the related amortization of the 
acquisition premium and transaction costs as well as non-cash charges 
to income resulting from accounting changes or charges to income 
resulting from significant unanticipated events. Finally, Applicants 
request authorization for Niagara Mohawk Power Corporation to transfer 
revenues from major transactions (such as asset sales, divestiture, or 
securitization) to its parent.
    Any person desiring to be heard or to protest such filing should 
file a motion to intervene or protest with the Federal Energy 
Regulatory Commission, 888 First Street, NE., Washington, DC 20426, in 
accordance with Rules 211 and 214 of the Commission's Rules of Practice 
and Procedure (18 CFR 385.211 and 385.214). All such motions and 
protests should be filed on or before April 2, 2001. Protests will be 
considered by the Commission to determine the

[[Page 17169]]

appropriate action to be taken, but will not serve to make protestants 
parties to the proceedings. Any person wishing to become a party must 
file a motion to intervene. Copies of this filing are on file with the 
Commission and are available for public inspection. This filing may 
also be viewed on the Internet at http://www.ferc.fed.us/online/rims.htm (call 202-208-2222 for assistance).
    Comments, protests and interventions may be filed electronically 
via the internet in lieu of paper. See, 18 CFR 385.2001(a)(1)(iii) and 
the instructions on the Commission's web site at http://www.ferc.fed.us/efi/doorbell.htm.

David P. Boergers,
Secretary.
[FR Doc. 01-7715 Filed 3-28-01; 8:45 am]
BILLING CODE 6717-01-M