[Federal Register Volume 60, Number 184 (Friday, September 22, 1995)]
[Notices]
[Pages 49301-49302]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-23506]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26375]
Filings Under the Public Utility Holding Company Act of 1935, as
Amended (``Act'')
September 15, 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 October 10, 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.
Columbia Gas System, Inc., et al. (70-8471)
Columbia Gas System, Inc. (``Columbia''), 20 Montchanin Road,
Wilmington, Delaware 19807, a registered holding company, seventeen
wholly-owned subsidiary companies of Columbia,\1\ all of which are
engaged in
[[Page 49302]]
the natural gas business, twelve subsidiary companies of TriStar
Ventures (``TriStar Ventures Subsidiaries''),\2\ Columbia Gas
Transmission Corp. (``Gas Transmission'', 1700 MacCorkle Avenue, SE.,
Charleston, West Virginia 25314, and Columbia Energy Marketing Corp.
(``Energy Marketing''), 2581 Washington Road, Pittsburgh, Pennsylvania
15241, have filed a post-effective amendment to the application-
declaration, previously filed by all the applicants-declarants but for
Gas Transmission and Energy Marketing, under Sections 6, 7, 9(a), 10,
12(b), 12(c), and 12(f) of the Act and Rules 42, 43, 45, and 46
thereunder.
\1\Columbia Gas of Pennsylvania, Inc. (``Columbia
Pennsylvania''), 200 Civic Center Drive, Columbus, Ohio 43215;
Columbia Gas of Ohio, Inc. (``Columbia Ohio''), 200 Civic Center
Drive, Columbus, Ohio 43215; Columbia Gas of Maryland, Inc.
(``Columbia Maryland''), 200 Civic Center Drive, Columbus, Ohio
43215; Columbia Gas of Kentucky, Inc. (``Columbia Kentucky''), 200
Civic Center Drive, Columbus, Ohio 43215; Commonwealth Gas Services,
Inc. (``Commonwealth Services''), 200 Civic Center Drive, Columbus,
Ohio 43215; Columbia Gulf Transmission Co. (``Columbia Gulf''), 1700
MacCorkle Avenue, SE., Charleston, West Virginia 25314; Columbia Gas
Development Corp. (``Columbia Development''), One Riverway, Houston,
Texas 77056; Columbia Natural Resources, Inc. (``Columbia
Resources''), 900 Pennsylvania Avenue, Charleston, West Virginia
25302; Columbia Coal Gasification Corp. (``Columbia Coal''), 900
Pennsylvania Avenue, Charleston, West Virginia 25302; Columbia
Energy Services Corp. (``Columbia Services''), 2581 Washington Road,
Upper Saint Clair, Pennsylvania 15241; Columbia Gas System Service
Corp. (``Service Corporation''), 20 Montchanin Road, Wilmington,
Delaware 19807; Columbia Propane Corp. (``Columbia Propane''), 800
Moorefield Park Drive, Richmond, Virginia 23236; Commonwealth
Propane, Inc. (``Commonwealth Propane''), 800 Moorefield Park Drive,
Richmond, Virginia 23236; TriStar Ventures Corp. (``TriStar
Ventures''), 20 Montchanin Road, Wilmington, Delaware 19807; TriStar
Capital Corp. (``TriStar Capital''), 20 Montchanin Road, Wilmington,
Delaware 19807; Columbia Atlantic Trading Corp. (``Columbia
Atlantic''), 20 Montchanin Road, Wilmington, Delaware 19807; and
Columbia LNG Corp. (``Columbia LNG''), 20 Montchanin Road,
Wilmington, Delaware 19807.
\2\TriStar Pedrick Limited Corporation, TriStar Pedrick General
Corporation, TriStar Binghamton Limited Corporation, TriStar
Binghamton General Corporation, TriStar Vineland Limited
Corporation, TriStar Vineland General Corporation, TriStar Rumford
Limited Corporation, TriStar Georgetown General Corporation, TriStar
Georgetown Limited Corporation, TriStar Fuel Cells Corporation, TVC
Nine Corporation, and TVC Ten Corporation, all of 20 Montchanin
Road, Wilmington, Delaware 19807.
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By order dated December 22, 1994 (HCAR No. 26201) (``Order''),
Columbia, and fourteen of the subsidiary companies
(``Subsidiaires''),\3\ were authorized to recapitalize Columbia Gulf,
Columbia Development, and Columbia Coal, to implement the 1995 and 1996
Long-Term and Short-Term Financing Programs of the Subsidiaries, and to
continue the Intrasystem Money Pool (``Money Pool'') through 1996.
\3\Columbia Pennsylvania, Columbia Ohio, Columbia Maryland,
Columbia Kentucky, Commonwealth Services, Columbia Gulf, Columbia
Development, Columbia Resources, Columbia Coal, Service Corporation,
Columbia Propane, Commonwealth Propane, TriStar Capital, and
Columbia Atlantic.
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By order dated March 15, 1995 (HCAR No. 26251), the TriStar
Ventures Subsidiaries were authorized to invest in, but not to borrow
from, the Money Pool.
The applicants-declarants now seek Commission authorization for Gas
Transmission and Energy Marketing to invest in, but not to borrow from,
the Money Pool, which will continue to be operated in accordance with
the terms of the Order.
Georgia Power Co. (70-8665)
Georgia Power Company (``GPC''), 333 Piedmont Avenue, NE., Atlanta,
Georgia 30308, a wholly owned public utility subsidiary company of The
Southern Company (``Southern''), a registered holding company, has
filed an application under sections 9(a) and 10 of the Act and rules 44
and 54 thereunder.
GPC proposes to purchase from Florida Power Corporation (``FPC''),
a nonaffiliate of GPC or Southern, a one-third undivided ownership
interest in the Intercession City Facility Combustion Turbine
(``Facility'') pursuant to the Intercession City Siemens Unit Purchase
and Ownership Participation Agreement dated June 8, 1994 between GPC
and FPC (``Ownership Agreement'') and the Intercession City Siemens
Unit Step-Up Transformer Purchase Agreement dated June 8, 1994 between
GPC and FPC. The Facility includes one complete Siemens V84.3
combustion turbine-generating unit and a step-up transformer.
The purchase price for the assets to be acquired by GPC at the
closing will be one-third of the costs of construction incurred with
respect to the Facility, which are currently estimated to be
$13,137,680 (``Purchase Price''). To such amount shall be added an
amount to compensate FPC for federal and state income taxes payable due
to differences in book and tax basis of the equity component of the
allowance for funds used during construction with respect to the sale
by FPC of such undivided ownership interest in the Facility, which
taxes are approximately $40,000.
At the closing, which is currently scheduled to occur in January
1996, FPC will furnish to GPC a release from any and all mortgages,
deeds to secure debt, or other security interests with respect to the
undivided ownership interest in the Facility. In addition, GPC shall
pay FPC for the use of common facilities during the construction and
testing period, which is stipulated to be $87,500, and carrying charges
with respect to the fuel inventory maintained during the testing
period, which is approximately $9,491. FPC will adjust the Purchase
Price within one hundred eighty (180) days after the closing to account
for any necessary true-ups and inform GPC of any amounts to be
reimbursed to GPC or any amounts owned by GPC with respect to the
Purchase Price.
Pursuant to the Long Term Lease Agreement dated June 8, 1994,
between GPC and FPC, FPC shall lease to GPC an undivided one-third
interest in the real property on which the Facility will be developed.
The annual rent for the leasehold interests conveyed to GPC shall be
$300.00 per year plus all Florida sales taxes applicable thereto.
The Facility will be managed, controlled, operated and maintained
by FPC on its own behalf and as agent for GPC in accordance with the
terms and conditions set forth in the Ownership Agreement and the
Intercession City Siemens Unit Operating Agreement dated June 8, 1994
between GPC and FPC (``Operating Agreement''). FPC and GPC shall pay
all future costs of construction on a pro rata basis on their
percentage undivided ownership interests in the Facility at the time
such costs are incurred.
FPC and GPC will share operating costs and fuel costs. Fixed
operation and maintenance costs and fixed fuel costs shall be allocated
between FPC and GPC in proportion to their respective percentage
undivided ownership interests in the Facility. Variable operation and
maintenance costs and variable fuel costs incurred by FPC during the
months of June, July, August and September (``Summer Period'') shall
allocated solely to GPC and variable operation and maintenance costs
and variable fuel costs incurred by FPC during the months of October,
November, December, January, February, March, April and May (``Winter
Period'') shall be allocated solely to FPC. In addition, GPC will pay a
share of the monthly administrative and general costs of operating the
Facility pursuant to the terms of the Operating Agreement.
GPC will be entitled to the net capacity and the net energy output
of the Facility at all times during the Summer Period. FPC will be
entitled to the net capacity and the net energy output of the Facility
at all times during the Winter Period. The Facility is currently
scheduled to go into commercial operation in January 1996.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-23506 Filed 9-21-95; 8:45 am]
BILLING CODE 8010-01-M
