[Federal Register Volume 62, Number 152 (Thursday, August 7, 1997)]
[Notices]
[Page 42612]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20829]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26752]
Filings Under the Public Utility Holding Company Act of 1935, as
Amended (``Act'')
August 1, 1997.
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 August 26, 1997, 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
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.
Central Ohio Coal Company, et al. (70-8611)
Central Ohio Coal Company, Southern Ohio Coal Company (``SOCCO'')
and Windsor Coal Company, each located at 1 Riverside Plaza, Columbus,
Ohio 25327 and each a wholly owned nonutility subsidiary of Ohio Power
Company (``Ohio Power''), a public utility subsidiary of American
Electric Power Company, Inc., a registered holding company, have filed
a post-effective amendment under section 12(c) of the Act and rules 46
and 54 under the Act pursuant to an application-declaration filed under
sections 6(a), 7, and 12(c) of the Act and rule 46 under the Act.
By order dated September 13, 1996 (HCAR No. 26573), SOCCO was
authorized to return excess capital to Ohio Power through the payment
on or before December 31, 1998 of one or more dividends on its common
stock in the amount of $68 million. This amount was expected to be
comprised of approximately $50 million in proceeds from the sale and
leaseback of certain SOCCO assets and $18 million in internally
generated funds. SOCCO now requests authority to increase the amount of
dividends it can pay out of capital surplus from $68 million to
$83,806,814, an increase of $15,806,814.
In accordance with an order of the Commission dated December 10,
1982 (HCAR No. 22770), Ohio Power may earn up to a specified rate of
return on its capital contributions to SOCCO. Applicants state that, if
the Commission authorizes SOCCO to pay the requested dividends, Ohio
Power's total capital investment in SOCCO will be reduced by the amount
of such payments. This reduction in Ohio Power's capital surplus
investment will remove from Ohio Power's cost of coal the return
associated with the portion of its capital investment repaid.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-20829 Filed 8-6-97; 8:45 am]
BILLING CODE 8010-01-M
