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SECURITIES AND EXCHANGE COMMISSION
FORM U-57/A
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
EMPRESA DE GENERACION ELECTRICA BAHIA LAS MINAS, S.A.
Enron Corp., an Oregon corporation ("Enron"), hereby files this Form
U-57/A under Section 33(a) of the Public Utility Holding Company Act of 1935,
as amended (the "Act"), on behalf of Empresa de Generacion Electrica Bahia Las
Minas, S.A., a Panamanian company ("BLM"), for the purpose of notifying the
Securities and Exchange Commission that BLM is a "foreign utility company"
under such Section 33(a). This Form U-57/A amends and restates in its entirety
the Form U-57 that Enron filed on behalf of BLM on February 17, 1999.
Enron Internacional Panama, S.A. ("EIPSA"), a Panamanian company,
has acquired 51,000,000 shares of capital stock (representing 51% of the
outstanding shares) of BLM. EIPSA is a wholly-owned subsidiary of Enron Caribe
III Ltd., a Cayman Islands company, which is a wholly-owned subsidiary of
Atlantic Commercial Finance, Inc., a Delaware corporation, which is a
wholly-owned subsidiary of Enron.
ITEM 1
Set forth below is the following information for BLM: (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: Empresa de Generacion Electrica Bahia Las Minas, S.A.
(b) Business Address: Apartado 5269
Panama 5
Republic of Panama
(c) Description of Facilities: The following thermal power
generation plants located on the northern coast of Panama
near the eastern side of the Panama Canal:
<TABLE>
<CAPTION>
Installed Capacity
Plant (approx. megawatts) Province
----- ------------------- --------
<S> <C> <C> <C>
Bahia Las Minas 233 Colon
San Francisco 43 Panama
Monte Esperanza 20 Colon
</TABLE>
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(d) Shareholders:
Name Number Percentage
---- ------ ----------
EIPSA 51,000,000 51
Republic of Panama 49,000,000 49
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 BLM, 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 BLM.
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/ JAMES V. DERRICK, JR.
--------------------------------
James V. Derrick, Jr.
Executive Vice President and
General Counsel
December 9, 1999
