[Federal Register Volume 64, Number 6 (Monday, January 11, 1999)]
[Notices]
[Page 1645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-472]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26964]
Filings Under the Public Utility Holding Company Act of 1935, as
Amended (``Act'')
January 5, 1999.
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 amendments is/are available for public
inspection through the Commission's Office 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 January 26, 1999, to the Secretary, Securities and Exchange
Commission, Washington, DC 20549, 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 case of an attorney at law, by
certificate) should be filed with the request. Any request for hearing
should identify specifically the issues of fact 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 January 26, 1999, the application(s) and/or
declaration(s), as filed or as amended, may be granted and/or permitted
to become effective.
New England Electric System (70-9417)
New England Electric System (``NEES''), 25 Research Drive,
Westborough, Massachusetts 01582, a registered holding company, has
filed an application under sections 9(a) and 10 of the Act and rule 54
under the Act.
NEES proposes to form one or more new special purpose subsidiaries
to acquire interests in office and warehouse space (``Real Estate
Interests'') that would be leased only to associate companies for their
business purposes. All leases of Real Estate Interests will comply with
rules 87, 90 and 91 under the Act.
NEES currently contemplates indirectly acquiring two facilities
(``Facilities''), currently leased under long-term lease agreements
(``Agreements'') to two NEES subsidiaries, from John Hancock Life
Insurance Company (``Owner''). The first Facility, consisting of office
and warehouse space and adjacent real estate, is under lease to
Massachusetts Electric Company (``MEC''), an electric utility
subsidiary company of NEES. The second Facility, consisting of an
office complex that serves as NEES' headquarters and adjacent real
estate, is under lease to New England Power Service Company (``Service
Company''), a service company subsidiary of NEES. After its acquisition
from the Owner, each Facility will be leased back to MEC or the Service
Company, as the case may be, for the remainder of the term provided for
in the Agreement for that Facility and under the same terms and
conditions.
For the Commission by the Division of Investment Management,
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-472 Filed 1-8-99; 8:45 am]
BILLING CODE 8010-01-M
