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SECURITIES AND EXCHANGE COMMISSION
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,
ON BEHALF OF
SARLUX S.R.L.
Enron Corp., an Oregon corporation ("Enron"), hereby files this Form
U-57 under Section 33(a) of the Public Utility Holding Company Act of 1935, as
amended (the "Act"), on behalf of SARLUX s.r.l., a limited liability company
incorporated in Italy ("Sarlux"), for the purpose of notifying the Securities
and Exchange Commission (the "Commission") that Sarlux will become a "foreign
utility company" under such Section 33(a), upon the commencement of sales of
electric energy from the facilities described below.
Enron has made an indirect equity investment in Sarlux in the following
manner. Enron owns 100% of the outstanding voting securities of Enron Dutch
Holdings B.V., a Dutch corporation ("Enron Holdings"). Enron Holdings owns 45%
of the shares (or "quotas") of Sarlux, as set forth below.
ITEM 1
Set forth below is the following information for Sarlux: (a) its name;
(b) its business address; (c) a description of its facilities used for the
generation of electric energy for sale; and (d) to the extent known, the name of
each person that holds five percent or more of any class of its voting
securities.
(a) Name: SARLUX s.r.l.
(b) Business Address: 8, Galleria de Cristoforis, 20122 Milano, Italy.
(c) Description of Facilities: an integrated gasification combined
cycle electricity generation plant that will gasify high-sulphur refinery
residuals producing electric power, hydrogen and steam. The plant is currently
under construction at the site of an oil refinery owned by SARAS S.p.A.
Raffinerie Sarde ("Saras"), in Sarroch, Sardinia, Italy. The plant will have an
estimated net capacity of 551 megawatts.
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(d) Shareholders :
Name Shares Percentage
---- -------- ----------
Enron Holdings 516,923 45%
Saras 631,846 55%
ITEM 2
Domestic Associate Public-Utility Companies. A subsidiary of Enron,
Portland General Electric Company, an Oregon corporation, is a public utility
that is engaged in the generation, transmission and distribution of electricity
predominately in the State of Oregon. Accordingly, Enron is a "holding company"
and Portland General Electric Company will be an "associate company" of Sarlux,
as such terms are defined in the Act. Enron is exempt from the provisions of the
Act (other than Section 9(a)(2)) by reason of Section 3(a)(1) of the Act and
Rule 250.2 promulgated under the Act. Portland General Electric Company will not
own any of the shares of Sarlux.
State Commission Certification. The certification of the Oregon Public
Utility Commission that is required under Section 33(a)(2) of the Act was filed
by Enron with the Commission on July 18, 1997, as an attachment to a Form U-57
on behalf of Companhia Estadual de Gas do Rio de Janeiro and Riogas S.A. Such
certification is hereby incorporated by reference.
The undersigned company has duly caused this statement to be signed on
its behalf by the undersigned thereunto duly authorized.
ENRON CORP.
By: /s/ William D. Gathmann
Name: William D. Gathmann
Title: Vice President, Finance
and Treasurer
December 12, 1997
