[Federal Register Volume 60, Number 23 (Friday, February 3, 1995)]
[Notices]
[Pages 6748-6749]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2654]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26223]
Filings Under the Public Utility Holding Company Act of 1935, as
Amended (``Act'')
January 27, 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 February 21, 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.
EUA Energy Investment Corporation (70-8283)
EUA Energy Investment Corporation (``EEIC''), P.O. Box 2333,
Boston, Massachusetts 02107, a wholly owned subsidiary company of
Eastern Utilities Associates, a registered holding company, has filed a
post-effective amendment under Section 12(b) of the Act and Rule 45
thereunder to its application-declaration filed under Section 6(a), 7,
9(a), 10 and 12(b) of the Act and Rule 45 thereunder.
By order dated January 24, 1994 (HCAR No. 25976), EEIC was
authorized, among other things, to provide up to $1 million of capital
contributions and up to $2 million of open account advances and/or
loans to TransCapacity L.P. for the research, development and
commercialization of an energy-related computer software and hardware
system for the collection, compilation and distribution of an
information database composed of information regarding natural gas
pipeline capacity and capacity rights. As of December 31, 1994, EEIC
has provided TransCapacity L.P. with $2.275 million in funding for its
working capital, leaving EEIC with unexercised authorization to
contribute $725,000 to TransCapacity L.P.
EEIC now proposes to make additional capital contributions to
TransCapacity L.P., through December 31, 1996 up to an aggregate
principal amount of $2 million. The partners for TransCapacity L.P.
project that they will require up to $2 million of additional funding
from EEIC for working capital purposes due to unavoidable delays in
achieving their target date for full [[Page 6749]] operation of the
Energy Bulletin Board system.
New England Electric Resources, Inc. et al. (70-8513)
New England Electric System (``NEES''), a registered holding
company, and its nonutility subsidiary company, New England Electric
Resources, Inc. (``NEERI''), both located at 25 Research Drive,
Westborough, Massachusetts 01582, have filed an application-declaration
under Sections 6(a), 7, 9(a), 10, and 12(b) of the Act and Rules 40 and
45 thereunder.
By orders dated September 4, 1992, April 1, 1994 and May 25, 1994
(HCAR Nos. 25621, 26017 and 26057, respectively), NEES was authorized
to capitalize NEERI in amounts of up to $2.5 million. By the same
orders, NEERI was authorized to: (1) Enter into the business of
performing consulting services on electric utility matters for
nonaffiliates; (2) provide electrical related services for
nonaffiliates; and (3) invest in a start-up company formed to develop,
manufacture and market a low harmonic distortion uninterruptible power
supply.
NEERI now seeks authority, through 1998, to invest up to $10
million in research and development activities in connection with
environmental, new electrical generation and transmission technologies,
and electric end-use technologies, NEERI will not acquire any
securities in connection with its research and development activities
without further Commission approval. NEES seeks authority for the same
period to provide additional financing for NEERI in an amount not to
exceed $10 million through non-interest bearing subordinated loans or
capital contributions. NEES' request to capitalize NEERI is in addition
to its pending request to provide additional financing to NEERI in
amounts of up to $11.7 million in S.E.C. File No. 70-8475.
Further, in order to allow NEERI to acquire securities in local
enterprises pursuant to Rule 40(a)(5) under the Act, NEES also seeks
authority to provide additional financing for NEERI in an annual
aggregate amount not to exceed $1 million through non-interest bearing
subordinated loans or capital contributions, also through 1998.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-2654 Filed 2-2-95; 8:45 am]
BILLING CODE 8010-01-M
