95-26795. Citizens Utilities Company; Notice of Amended Application

[Federal Register Volume 60, Number 209 (Monday, October 30, 1995)]
[Notices]
[Page 55255]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26795]



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DEPARTMENT OF ENERGY
[Docket No. ES93-43-007]


Citizens Utilities Company; Notice of Amended Application

October 24, 1995.
    Take notice that on October 20, 1995, Citizens Utilities Company 
(Citizens Utilities) filed an amendment to its application in Docket 
No. ES93-43-000 et al.
    By letter orders dated September 7, 1993 (64 FERC para. 62,167) and 
November 2, 1993 (65 FERC para. 62,111), Citizens Utilities was 
authorized, in Docket No. ES93-43-000 et al. to issue not more than:

    (a) $1.25 billion principal amount of unsecured promissory notes 
outstanding at any one time;
    (b) $750 million aggregate principal amount of longer term debt 
securities with a final maturity or maturities of not less than 9 
months nor more than 50 years; and
    (c) 25 million shares of Common Stock of Citizens Utilities 
(subject to adjustment for stock splits, stock dividends, 
recapitalizations and similar changes after the date of the 
application, including an adjustment to 50 million shares of common 
stock as a result of an announced 2 for 1 stock split) and $300 
million liquidation value of preferred stock of Citizens Utilities, 
subject to an overall limitation of $500 million for the aggregate 
of the proceeds of the issuance of Common and Preferred Stock.

    The aggregate amount outstanding at any one time of the securities 
issued under (a), (b) and (c) was limited to $1.25 billion.
    Citizens Utilities requests that the authorization granted in 
Docket No. ES93-43-000 et al. be amended to authorize Citizens to issue 
up to $800 million of debt securities in lieu of $750 million without 
changing the aggregate $1.25 billion authorization.
    Citizens requests the amendment because it does not have sufficient 
unused borrowing authority to issue up to $213 million of convertible 
debentures for which authorization is pending before the Commission in 
Docket No. ES93-43-006.
    Any person desiring to be heard or to protest said filing should 
file a motion to intervene or protest with the Federal Energy 
Regulatory Commission, 825 North Capitol 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 
or protests should be filed on or before October 31, 1995. Protests 
will be considered by the Commission in determining the appropriate 
action to be taken, but will not serve to make the protestants parties 
to the proceeding. 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.
Lois D. Cashell,
Secretary.
[FR Doc. 95-26795 Filed 10-27-95; 8:45 am]
BILLING CODE 6717-01-M