[Federal Register Volume 63, Number 161 (Thursday, August 20, 1998)]
[Notices]
[Page 44665]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-22433]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26906]
Filings Under the Public Utility Holding Company Act of 1935, as
Amended (``Act'')
August 14, 1998.
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 September 8, 1998, to the Secretary, Securities and Exchange
Commission, Washington, D.C. 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 September 8, 1998, the application(s) and/or
declaration(s), as filed or as amended, may be granted and/or permitted
to become effective.
System Energy Resources, Inc. (70-8511)
Entergy Corporation (``Entergy''), P.O. Box 61005, New Orleans,
Louisiana 70161, a registered holding company, Entergy's electric
generating subsidiary company, System Energy Resources, Inc.
(``SERI''), 1340 Echelon Parkway, Jackson, Mississippi 39213; and
Entergy's operating subsidiary companies (``Operating Subsidiaries''),
Entergy Arkansas, Inc., P.O. Box 551, Little Rock, Arkansas 72203;
Entergy Louisiana, Inc., 639 Loyola Avenue, New Orleans, Louisiana
70113; Entergy Mississippi, Inc., P.O. Box 1640, Jackson, Mississippi
39205; and Entergy New Orleans, Inc., 639 Loyola Avenue, New Orleans,
Louisiana 70113, have filed a post-effective amendment to their
application-declaration under sections 6(a), 7, 9(a), 10, 12(b) and
12(d) of the Act and rules 44, 45 and 54 thereunder.
By orders dated May 9, 1995 (HCAR No. 26287), August 18, 1995 (HCAR
No. 26358) and August 27, 1996 (HCAR No. 26561) (``Orders''), the
Commission authorized SERI, through December 31, 2000, to issue and
sell one or more series of its first mortgage bonds (``Bonds'') and one
or more series of its debentures (``Debentures'') in an aggregate
principal amount not to exceed $540 million. The Orders also authorized
SERI to enter into arrangements for the issuance and sale of tax-exempt
revenue bonds (``Tax-Exempt Bonds'') in an aggregate principal amount
not to exceed $350 million. In support of the Tax-Exempt Bonds, SERI
was authorized to issue and pledge one or more new series of its first
mortgage bonds in an aggregate principal amount not to exceed $395
million or obtain one or more irrevocable letters of credit with face
amounts of up to $395 million.
In order to provide additional security for its obligations under
the Bonds, SERI was authorized to assign to holders of the Bonds
certain rights under an agreement with the Operating Subsidiaries to
receive operating expense payments from those subsidiaries for the
operation of a nuclear powered generating station. SERI was authorized
also to assign to holders of the Bonds certain rights under a separate
agreement to receive capital contributions from Entergy in amounts
sufficient to maintain SERI's equity ratio at a 35% level, as defined
in that agreement.
SERI now proposes to increase the aggregate outstanding principal
amounts of Bonds and/or Debentures from $540 million to $685 million.
In addition, SERI proposes to increase the obligations incurred
(``Notes'') in connection with the issuance and sale of Tax-Exempt
Bonds from $350 million to $515 million. As authorized in the Orders,
the Bonds, Debentures and Notes will have maturities not exceeding 40
years. All other terms and conditions authorized in the Orders will
also remain the same.
For the Commission, by the Division of Investment Management,
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-22433 Filed 8-19-98; 8:45 am]
BILLING CODE 8010-01-M
