[Federal Register Volume 60, Number 138 (Wednesday, July 19, 1995)]
[Notices]
[Pages 37060-37061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17704]
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DEPARTMENT OF ENERGY
[Docket Nos. ES95-33-002, ES95-33-003 and ES95-33-005]
Northwestern Public Service Company; Notice of Amended
Application
July 13, 1995.
Take notice that on June 28, July 6, and July 11, 1995,
Northwestern Public Service Company (Northwestern) filed amendments to
its application in Docket Nos. ES95-33-000 et al.
By letter order dated June 19, 1995 (71 FERC para.62,204),
Northwestern was authorized, in Docket Nos. ES95-33-000 and ES95-33-
001, over a two-year period:
(A) To issue the following permanent securities provided that the
aggregate issuance amount does not exceed $300 million:
(i) Not more than two million shares of Common Stock, par value
$3.50;
(ii) Not more than $75 million of Cumulative Preferred Stock;
(iii) Not more than $125 million of New Mortgage Bonds, notes,
debentures, subordinated debentures (including securities in connection
with a Monthly Income Preferred Securities financing),
[[Page 37061]]
guarantees or other evidences of indebtedness; and
(iv) Not more than $75 million of short-term debt securities; and
(B) To issue not more than $175 million of bridge financing notes,
debentures, guarantees or other evidences of indebtedness, until the
permanent financing in (A) is in place.
The original authorization contemplated that the proceeds from the sale
of the securities authorized in Docket Nos. ES95-33-000 and ES95-33-001
would be used to complete an acquisition of a propane distribution
business.
On June 28, 1995, Northwestern made a filing requesting that the
authorization granted in Docket Nos. ES95-33-000 and ES95-33-001 be
amended:
(A) To authorize, subject to the $300 million aggregate issuance
amount of permanent securities, the issuance of:
(i) Not more than an additional one million shares of Common Stock,
par value $3.50 per share; and
(ii) Not more than 200,000 shares of Northwestern's Preference
Stock; and
(B) To increase the authorization to issue permanent securities by
$47.5 million and the authorization to issue New Mortgage Bonds by
$47.5 million.
Northwestern also requested that the amendment be exempted from the
Commission's competitive bidding and negotiated placement requirements.
On July 6, 1995, Northwestern made a filing requesting that the
authorization granted in Docket Nos. ES95-33-000 and ES95-33-001 be
further amended to allow it to use the proceeds from the sale of the
securities to complete other potential acquisitions as well as the
propane company acquisition.
On July 11, 1995, Northwestern made a filing requesting that the
authorization granted in Docket Nos. ES95-33-000 ES95-33-001 be further
amended to authorize it:
(A) To issue the Preference Stock previously sought in the June 28,
1995 amendment in an amount not to exceed $20 million; and
(B) To reduce the additional authorization for the permanent
securities and New Mortgage Bonds requested by the June 28, 1995
amendment by $22.5 million.
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 an 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 July 20, 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. 95-17704 Filed 7-18-95; 8:45 am]
BILLING CODE 6717-01-M
