[Federal Register Volume 60, Number 207 (Thursday, October 26, 1995)]
[Notices]
[Pages 54907-54908]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26577]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-36395]
Filings Under the Public Utility Holding Company Act of 1935, as
Amended (``Act'')
October 20, 1995.
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 thereunder. 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 thereto 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 November 13, 1995, 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
shall 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 said date, the application(s) and/or declaration(s), as
filed or as amended, may be granted and/or permitted to become
effective.
Northeast Utilities Service Company, Inc. et al. (70-8699)
Northeast Utilities Service Company (``NUSCO''), Northeast Nuclear
Energy Company (``Northeast Nuclear'') and Connecticut Yankee Atomic
Power Company (``Connecticut Yankee''), each of 107 Selden Street,
Berlin, Connecticut 06037, North Atlantic Energy Service Corporation
(``North Atlantic''), Route 1, Lafayette Road, Seabrook, New Hampshire
03874, and Yankee Atomic Electric Company (``Yankee Atomic''), 580 Main
Street, Bolton, Massachusetts 01740, subsidiaries of Northeast
Utilities, (``Northeast''), a registered holding company, have filed a
declaration under sections 13(b) and 13(f) of the Act and rules 86, 90,
89, 90 and 91 thereunder.
NUSCO is a wholly owned service company subsidiary of Northeast
that provides legal, accounting, and other administrative services to
companies in the Northeast system. Northeast Nuclear and North Atlantic
are wholly owned electric utility and service company subsidiaries of
Northeast that operate the Millstone Nuclear Power Station and the
Seabrook nuclear plant, respectively. Connecticut Yankee and Yankee
Atomic are electric utility subsidiaries of Northeast \1\ that own and
operate the Connecticut Yankee Atomic Power Plant and the Yankee
Nuclear Power Station, respectively.
\1\ Connecticut Yankee and Yankee Atomic are also subsidiaries
of New England Electric System, also a registered holding company
under the Act.
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The applicants seek authorization \2\ to enter into a Reciprocal
Support Agreement (``Agreement''), under which Northeast Nuclear, North
Atlantic, Connecticut Yankee, and Yankee Atomic may temporarily provide
technical resources, personnel and equipment to each other. NUSCO would
provide billing, accounting and other similar services to facilitate
the transactions among these companies and would be compensated for its
services by the companies who receive equipment or services.
Compensation for transactions under the Agreement would be at ``cost,''
as determined in accordance with the Act and related rules thereunder.
\2\ Pursuant to prior orders of the Commission, Northeast
Nuclear and North Atlantic Service have agreed to seek Commission
approval prior to providing services to entities other than the
joint owners of the respective nuclear units that they operate.
Northeast Utilities et al., Holding Co. Act Release No. 25565 (June
29, 1992), and Northeast Nuclear Energy Company, Holding Co. Act
Release No. 25950 (Dec. 16, 1993).
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The applicants state that temporary sharing of resources and
personnel between nuclear units is similar to the emergency provision
of resources that occurs routinely on an informal basis in the nuclear
industry, and that the Agreement is a logical extension and
formalization of this practice.
Cinergy Corporation (70-8705)
CINergy Corporation (``Cinergy''), a registered holding company,
139 East Fourth Street, Cincinnati, Ohio 45202, has filed a declaration
under sections 6(a) and 7 of the Act and rule 54 thereunder.
By order dated October 21, 1994 (HCAR No. 26146) (``Merger
Order''), the Commission authorized Cinergy, among other things, to
issue (and/or acquire in open market transactions) and sell up to ten
million shares of Cinergy common stock, $.01 par value per share, to
the Cinergy Reinvestment and Stock Purchase Plan, certain Cinergy
stock-based employee benefit plans, and the 401(k) savings plans of
Cinergy's subsidiaries, The Cincinnati Gas & Electric Company and PSI
Energy, Inc., through December 31, 1995, (collectively, ``Plans''). As
of September 1, 1995, Cinergy issued (or, in the case of open market
transactions, acquired on behalf of plan participants) and sold the
Plans a total of 2,613,304 shares of common stock pursuant to the
Merger Order.
Cinergy now seeks Commission authorization to issue (or, in the
case of
[[Page 54908]]
shares purchased on the open market, to acquire on behalf of plan
participants) and well under the Plans, from time to time through
December 31, 2000: (1) The remaining shares of common stock covered
under the Merger Order, consisting of 7,386,696 shares at September 1,
1995; and (2) up to an additional 15 million shares of Cinergy common
stock.
Cinergy proposes to use the proceeds from sales of the Cinergy
common stock for general corporate purposes, including repayment of
short-term indebtedness and investments in subsidiary companies.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-26577 Filed 10-25-95; 8:45 am]
BILLING CODE 8010-01-M
