[Federal Register Volume 66, Number 102 (Friday, May 25, 2001)]
[Notices]
[Page 28937]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-13252]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27402]


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

May 21, 2001.
    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 15, 2001, to the Secretary, Securities and Exchange 
Commission, Washington, DC 20549-0609, and serve a copy on the relevant 
applicant(s) and/or declaration(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 15, 2001, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Ameren Corporation (70-8945)

    Ameren Corporation (``Ameren''), 1901 Chouteau Avenue, St. Louis, 
Missouri 63103, a registered holding company, filed with this 
Commission a post-effective amendment to its previously filed 
application-declaration under sections 6(a), 7, 9(a), 9(c)(3), 10 and 
13(b) under the Act and rules 42, 54, 80-91, 93 and 94 under the Act.
    By order dated Dec. 30, 1997 in this proceeding (HCAR No. 26809), 
the Commission authorized Ameren, among other things, to acquire Union 
Electric Company (``UE'') and Central Illinois Public Service Company 
(``CIPS''), each of which is an electric and gas utility company 
(``Merger''). Together, UE and CIPS provide retail and wholesale 
electric service to approximately 1.5 million customers and retail 
natural gas service to approximately 300,000 customers in a 24,500 
square-mile area of Missouri and Illinois.
    In addition, the Commission authorized Ameren to retain the direct 
and indirect nonutility subsidiaries and investments of UE and CIPSCO 
Incorporated, CIPS' parent company, subject to certain exceptions. 
Specifically, the Commission conditioned its approval for the Merger on 
the commitment of Ameren to reduce the voting interest or investment of 
Union Electric Development Corporation (``UEDC''), a subsidiary of UE, 
of CIPSCO Investment Company (``CIPSCO Investment''), a subsidiary of 
CIPSCO Incorporated, and of CIPSCO Venture Company (``CIPSCO 
Venture''), an indirect subsidiary of CIPSCO Incorporated, in certain 
limited liability companies. Ameren committed to reduce its indirect 
ownership in these limited liability companies to below five percent 
within three years of the date of the Commission's order, so that these 
entities would not constitute ``affiliates'' of Ameren under the Act. 
In no case is UEDC or CIPSCO Venture the managing member of any of the 
limited liability companies that are the subject of this commitment.
    By supplement order dated Dec. 13, 2000 (HCAR No. 27299), the 
Commission granted Ameren an extension until June 30, 2001 to comply 
with its commitment to sell down these limited liability interests. 
Currently, Ameren indirectly holds five percent or more of the 
membership interests of the following limited liability companies:
    St. Louis Equity Funds & Housing Missouri, Inc.--UEDC and CIPSCO 
Investment have interested or committed to invest in varying 
percentages (not greater than 23%) in ten separate investment funds 
(``St. Louis Funds'') formed to make investments in low income housing 
properties that qualify for federal tax credits. Four of the St. Louis 
Funds in existence at the time of the merger were organized as limited 
liability companies. The manger is a not-for-profit company that is not 
in any way affiliated with Ameren;
    Effingham Development Building II Limited Liability Company--CIPSCO 
Venture holds a 40% membership interest in this entity, which owns a 
manufacturing facility that is leased to an industrial customer. This 
investment was intended to promote industrial development within CIPS's 
service territory. Agracel Inc., an unaffiliated third party, is the 
managing member;
    Mattoon Enterprise Park, LLC--CIPSCO Venture owns a 20% interest in 
this limited liability company, which purchased farmland that was used 
in the development of an industrial park within the boundaries of the 
City of Mattoon. This investment was made to promote industrial 
development activity in CIPS's service territory in order to, among 
other things, increase industrial load. Agracel Inc. is the managing 
member; and
    MACC, LLC--CIPSCO Venture owns a one-third interest in this limited 
liability company which purchased land and developed an industrial 
facility for lease to two industrial tenants in the park. Agracel Inc. 
is the managing member.
    Ameren now requests that the Commission relieve Ameren of its 
commitment to sell down these limited liability company interests and 
make further findings permitting Ameren to retain these interests 
indefinitely.

    For the Commission by the Division of Investment Management, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 01-13252 Filed 5-24-01; 8:45 am]
BILLING CODE 8010-01-M