FORM U-6B-2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Certificate of Notification
Filed by a registered holding company or subsidiary thereof pursuant to
Rule U-20-(d) [Reg. Section 250.20, Paragraph 36,552] or U-47 [Reg. Section
250.47, Paragraph 36,620] adopted under the Public Utility Holding Company Act
of 1935.
Certificate is filed by Borger Funding Corporation.
This certificate is notice that the above named company has issued,
renewed, or guaranteed the security or securities described herein, which issue,
renewal, or guaranty was exempted from the provisions of Section 6(a) of the Act
and was neither the subject of a declaration or application on Form U-1 nor
included within the exemption provided by Rule U-48 [Reg. Section 250.48,
Paragraph 36,621].
1. Type of the security or securities: bond
2. Issue, renewal, or guaranty: In conjunction with Borger Energy Associates,
L.P., its sole shareholder, Borger Funding Corporation co-issued a $117
million 7.26 percent First Mortgage Bond
3. Principal amount of each security: $117 million
4. Rate of interest per annum of each security: 7.26 percent
5. Date of issue, renewal, or guaranty of each security: June 11, 1998
6. If renewal of security, give date of original issue: N/A
7. Date of maturity of each security: December 31, 2022
8. Name of the person to whom each security was issued, renewed, or
guaranteed: The Depository Trust Company
9. Collateral given with each security, if any: All of Borger Funding
Corporation's tangible and intangible personal property was pledged as
security for the payment of the bond.
10. Consideration received for each security: $117 million
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11. Application of proceeds of each security: For the development,
construction and operation of an approximately 230 megawatt Qualifying
Cogeneration Facility to be located near Borger, Texas.
12. Indicate by a check after the applicable statement below whether the
issue, renewal, or guaranty of each security was exempt from the
provisions of Section 6(a) because of
a. the provisions contained in the first sentence of 6(b):
b. the provisions contained in the fourth sentence of Section 6(b):
c. the provisions contained in any rule of the Commission other than Rule
U-48: X
13. If the security or securities were exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b), give the
figures that indicate that the security or securities aggregate
(together with all other than outstanding notes and drafts of a
maturity of nine months or less, exclusive of days of grace, as to
which such company is primarily or secondarily liable) not more than
five percent of the principal amount and par value of the other
securities of such company then outstanding.
14. If the security or securities are exempt from the provisions of Section
6(a) because of the fourth sentence of Section 6(b), name the security
outstanding on January 1, 1935, pursuant to the terms of which the
security or securities herein described have been issued:
15. If the security or securities are exempt from the provisions of Section
6(a) because of any rule of the Commission other than Rule U-48 [Reg.
Section 250.48, Paragraph 36,621] designate the rule under which exemption
is claimed: 17 C.F.R. Section 250.52(b).
BORGER FUNDING CORPORATION
By: /s/ Robert D. Dickerson
Robert D. Dickerson, President
Date: 6/19/98
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