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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
ULYSSES QUEENSLAND CORPORATION
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(FORMERLY KNOWN AS USL CAPITAL QUEENSLAND CORPORATION)
(Name of foreign utility company)
SECURITY PACIFIC LEASING CORPORATION
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(Name of filing company, if filed on behalf of
a foreign utility company)
On September 26, 1995, USL Capital Corporation ("USL Capital") on behalf of
USL Capital Queensland Corporation ("USL Capital Queensland") filed Form U-57
Notification of Foreign Utility Company Status with the Securities and Exchange
Commission pursuant to Section 33 of the Public Utility Holding Company Act of
1935, as amended (the "Act"), and Rule 57 of the implementing regulations
thereunder, 17 C.F.R. Section 250.57. Security Pacific Leasing Corporation
("SPLC") hereby notifies the Securities and Exchange Commission that SPLC has
acquired all of the stock of USL Capital Queensland from USL Capital and has
changed the name of USL Capital Queensland to Ulysses Queensland Corporation. In
connection therewith, SPLC hereby re-submits Form U-57 Notification of Foreign
Utility Company Status, as follows:
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Notification
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Security Pacific Leasing Corporation ("SPLC") hereby files with the
Securities and Exchange Commission pursuant to Section 33 of the Public Utility
Holding Company Act of 1935, as amended (the "Act"), and Rule 57 of the
implementing regulations thereunder, 17 C.F.R. Section 250.57, this notice that
Ulysses Queensland Corporation ("Ulysses Queensland") is a "foreign utility
company" as defined in Section 33(a)(3) of the Act. Ulysses Queensland: (i)
derives no part of its income, directly or indirectly, from the generation,
transmission, or distribution of electric energy for sale or the distribution at
retail of natural or manufactured gas for heat, light, or power, within the
United States; and (ii) neither Ulysses Queensland nor any of its subsidiary
companies is a public utility company operating in the United States.
Item 1
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The name and address of the entity claiming foreign utility company status
is Ulysses Queensland Corporation, 555 California Street, San Francisco,
California 94104. Ulysses Queensland is a wholly-owned, special-purpose
subsidiary of SPLC, formed to own the beneficial interests under three business
trusts (the "Trusts") each having as its trust estate a one-third undivided
interest in Unit 3 of the Stanwell Power Station. The Stanwell Power Station
consists of three operating electric generating units (denominated Units 1, 2,
and 3), plus a fourth unit that is expected to be placed in operation in 1996.
Unit 3 is an approximately 320 megawatt (net) coal-fired generating facility
located approximately 29 kilometers west of Rockhampton in the State of
Queensland, Australia. The Trusts also each acquired ownership interests in
certain facilities that are common to all of the units of the Stanwell Power
Station, such as, for example, coal handling facilities.
Simultaneously with their purchase, the Trusts leased Unit 3 to Queensland
Treasury Corporation ("QTC"), which assigned its rights and obligations to
Bolsover Equipment Leasing Limited ("BELL"), a Cayman Islands limited liability
corporation. BELL assigned its rights (but not its obligations) to QTC. QTC
then subleased Unit 3 to Queensland Generating Corporation, trading as AUSTA
Electric ("AUSTA"), an Australian electric utility company engaged in the
generation of electricity pursuant to the laws of Queensland.
Wilmington Trust Company is the trustee of each of the Trusts.
SPLC is a wholly-owned subsidiary of BankAmerica Financial, Inc. which in
turn is a wholly-owned subsidiary of BankAmerica Corporation.
Item 2
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Not applicable.
EXHIBIT A
Not applicable.
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Ulysses Queensland Corporation has duly caused this statement to be signed
on its behalf by the undersigned thereunto duly authorized.
Security Pacific Leasing Corporation
/s/ Jerome A. Moskovitz
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Jerome A. Moskovitz
Vice President
September 27, 1996
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