[Federal Register Volume 67, Number 76 (Friday, April 19, 2002)]
[Notices]
[Pages 19459-19460]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-9627]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27518]


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

April 12, 2002.
    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 May 7, 2002, 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 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 May 7, 2002, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Alliant Energy Corporation et al. (70-9323)

    Alliant Energy Corporation (``Alliant Energy''), a registered 
holding company, its subsidiary nonutility holding company, Alliant 
Energy Resources Corporation (``AER''), both located at 222 West 
Washington Avenue, Madison, Wisconsin 53703, and AER's nonutility 
subsidiary, Heartland Properties, Inc. (``Heartland'') (together, 
``Applicants''), 122 West Washington Avenue, 6th Floor, Madison, 
Wisconsin 53703, have filed a post-effective amendment to their 
application-declaration under section 9(c)(3) of the Act and rule 54 
under the Act.
    By prior Commission orders dated August 13, 1999 (``August 13, 1999 
Order''), July 10, 2000 and June 11, 2001 (HCAR Nos. 27060, 27198 and 
27418) (collectively, ``Orders''), the Commission, among other things, 
authorized AER, through Heartland or other subsidiaries, to make 
passive investments in low-income, multi-family housing projects 
qualifying for Low Income Housing Tax Credits (``LIHTC''), under 
section 42 of the Internal Revenue Code. The Orders provided that 
Applicants' investments in LIHTC properties would be undertaken for the 
sole purpose of obtaining the related tax credits and that all 
investments would be self-liquidating as the LIHTCs expired.
    Under the Orders, the LIHTC investments could be made by acquiring 
interests in limited partnerships or limited liability companies 
organized specifically to invest in LIHTC properties. The properties 
could be located outside of Alliant Energy's service territory. The 
Orders authorized LIHTC investments in amounts of up to $50 million 
from time to time, through August 13, 2004 (``Authorization Period''), 
in addition to the LIHTC investments that were authorized to be 
retained under the August 13, 1999 Order. As of December 31, 2001, 
Heartland had invested approximately $22.3 million of the amount 
authorized under the Orders and has commitments to invest $18 million 
in LIHTC properties.
    The Applicants now propose that the Commission: (1) extend the 
Authorization Period from August 13, 2004 to June 30, 2007; and (2) 
increase the investment limit from $50 million to $125 million. The 
Applicants state that an extended Authorization Period is required to 
accommodate an expected two-year differential between commitment dates 
and funding dates for LIHTC investments, which could place some funding 
dates beyond the Authorization Period. The Applicants state further 
that increasing the investment limitation to $125 million will allow it 
to maintain its tax credit cash flow at the year 2002 level of 
approximately $9.3 million. No other changes or modifications to the 
terms, conditions or limitations contained in the Orders are proposed.


[[Page 19460]]


    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-9627 Filed 4-18-02; 8:45 am]
BILLING CODE 8010-01-P