File No. 73-00049
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
(Names and addresses of foreign utility companies)
Consolidated Electric Power Asia (India) Private Limited
No. 1, Gopaljew Lane
Mathasahi, Post Taelenga Bazaar
Guttack 753009, India
Pangasinan Electric Corporation
Suite 202, CTC Building
2232 Roxas Boulevard
Pasay City
Metro Manila, Philippines
(Name and address of filing company)
Southern Energy, Inc. (f/k/a SEI Holdings, Inc.)
900 Ashwood Parkway - Suite 500
Atlanta, Georgia 30338
The Commission is requested to address communications to:
Thomas G. Boren, President John D. McLanahan, Esq.
Southern Energy, Inc. Troutman Sanders LLP
900 Ashwood Parkway - Suite 500 600 Peachtree Street, N.E.
Atlanta, Georgia 30338 Suite 5200
Atlanta, Georgia 30308-2216
1. Name of the entity(ies) on whose behalf foreign utility company status
is claimed, its (their) business address(es), and a description of the
facilities used for the generation, transmission and distribution of
electric energy for sale or for the distribution at retail of natural
or manufactured gas. Identity of each person that holds five percent
(5%) or more of any class of voting securities of the foreign utility
company(ies) and description of the amount and nature of the interest.
Consolidated Electric Power Asia (India) Private Limited
No. 1, Gopaljew Lane
Mathasahi, Post Taelenga Bazaar
Guttack 753009, India
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Pangasinan Electric Corporation
Suite 202, CTC Building
2232 Roxas Boulevard
Pasay City
Metro Manila, Philippines
Southern Energy, Inc., a Delaware corporation ("SEI"), is filing this
Notification of Foreign Utility Company Status pursuant to Section 33(a) of the
Act and Rule 57 thereunder on behalf of the two (2) companies listed above
(collectively, the "Project Companies"). SEI is a wholly-owned subsidiary of The
Southern Company ("Southern"), a registered holding company.1
The Project Companies are indirect subsidiaries of Consolidated
Electric Power Asia Limited ("CEPA"), a Bermuda limited liability company, which
is indirectly owned by SEI.2
The following is a brief description of the two Project Companies,
their principal assets, CEPA's percentage ownership interest in each Project
Company, and the name of each company (other than CEPA) holding 5% or more of
the equity interests in each Project Company:
1. Consolidated Electric Power Asia (India) Private Limited.
(HIRMA Project) The project in India will consist of two
coal-based thermal power projects of eight units of 660 MW
each (total 16 x 660 MW (net)) in the vicinity of the
boundaries of the western and eastern regions in India. The
first phase, which is the Hirma Project, will consist of 6 x
660 MW capacity (net) to be at the HIRMA site in the State of
Orissa. The shares of the Project company are currently
beneficially held by agents of Arthur Andersen on behalf of
CEPA.
2. Pangasinan Electric Corporation. (Sual Project)
The Sual Project, which is currently under construction, will
consist of two 600 MW coal-fired units. These units are
expected to be placed in commercial operation in 1999. CEPA
indirectly holds a 96.9% interest in the Project Company.
2. Name of any domestic associate public-utility company and, if
applicable, its holding company, and a description of the relationship
between the foreign utility company and such company, and the purchase
price paid by any such domestic associate public-utility company for
its interest in the foreign utility company.
The following domestic public-utility companies, each of which is a
direct or indirect wholly-owned subsidiary of Southern, are associate companies
of the Project Companies:
Alabama Power Company
Georgia Power Company
Gulf Power Company
Mississippi Power Company
Mobile Energy Services Company, L.L.C.
Savannah Electric and Power Company
Southern Electric Generating Company
1 See The Southern Company, et al., Holding Co. Act Rel. No. 26468
(February 2, 1996).
2 CEPA and various subsidiaries of CEPA organized to hold CEPA's interests in
the Project Companies qualify as "Intermediate Subsidiaries" of SEI within
the meaning of the February 2, 1996 order, supra n.1.
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None of the foregoing domestic public utility companies has made an
investment in or has any contractual relationship with any of the Project
Companies, and no such investment or contractual relationship is contemplated.
EXHIBIT A
Inapplicable
SIGNATURE
The undersigned company has duly caused this statement to be signed on
its behalf by the undersigned thereunto duly authorized.
SOUTHERN ENERGY, INC.
By: /s/ Tommy Chisholm
Tommy Chisholm, Secretary
Date: July 29, 1998
