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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
PUERTO QUETZAL POWER LLC
Enron Corp. ("Enron"), an Oregon corporation, hereby files this Form U-57 under
Section 33(a) of the Public Utility Holding Company Act, as amended (the
"Act"), on behalf of Puerto Quetzal Power LLC ("Puerto Quetzal") for the
purpose of notifying the Securities and Exchange Commission (the "Commission")
that Puerto Quetzal is a "foreign utility company" under Section 33(a). The
information in this filing supersedes the information in a previous Form U-57
submitted by Puerto Quetzal Power Corp. and Electricidad Enron de Guatemala,
S.A. on April 11, 1995, which referred to the 110 MW generating facility
discussed herein.
ITEM 1
Set forth below is the following information for Puerto Quetzal: (a) its name;
(b) its business address; (c) a description of its facilities used for the
generation, transmission, and distribution 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: Puerto Quetzal Power LLC
(b) Business Address:
Puerto Quetzal Power LLC
6a. Avenida l-36, Zona 14
Edificio Los Arcos
Guatemala City, Guatemala
(c) Description of Facilities: Puerto Quetzal owns a 110 MW and a 124 MW
barge-mounted fuel-oil-fired electric generating facility, both
located in Puerto Quetzal, Guatemala, and related on-shore auxiliary
facilities (collectively, the "Facilities"). The Facilities' electric
generating equipment is mounted on three movable barges, which are
moored at the Puerto Quetzal port facility.
(d) Shareholders Holding Five Percent or More of its Voting Securities:
Puerto Quetzal is a limited liability company organized under the laws
of the state of Delaware. Puerto Quetzal currently has the following
ownership: 82% interest held by PQP Limited, a Cayman Islands company,
and 18% interest held by Puerto Quetzal Power Corp., a Delaware
corporation. PQP Limited has the following ownership: 50% interest
held by Centrans Energy Services, Inc., a Cayman Islands corporation,
and 50% interest held by Enron Guatemala Holdings Ltd., a Cayman
Islands company, which is wholly owned by Enron Caribbean Basin LLC,
which in turn is wholly-owned by Atlantic Commercial Finance, Inc.
Atlantic Commercial Finance, Inc. is 90% owned by Enron, and 5% owned
by each of Enron Holding Equity Corp. and Enron International Equity
Inc., both of which
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are wholly-owned subsidiaries of Enron. Puerto Quetzal Power Corp. has
the following ownership: 50% of Puerto Quetzal Power Corp.'s stock is
owned by Centrans Energy Services, Inc., and 50% is owned by Enron
Global Power & Pipelines LLC, which is a wholly-owned indirect
subsidiary of Enron. Enron is a holding company that is exempt from
regulation pursuant to Section 3(a)(1) of the Act.
Soon after the filing of this Notice, Puerto Quetzal anticipates
closing a transaction that will alter its corporate structure. After
that transaction is completed, the ownership structure will be: 61.50%
interest held by PQP Limited, 13.50% interest held by Puerto Quetzal
Power Corp., and 25% interest held by CDC Holdings (Barbados) Limited,
a limited liability company established under the laws of Barbados.
ITEM 2
Domestic Associate Public Utility Companies. A subsidiary of Enron, Portland
General Electric Company, an Oregon corporation, is a public-utility company
that is engaged in the generation, transmission, and distribution of
electricity predominantly in the State of Oregon. Accordingly, Enron is a
"holding company" and Portland General Electric Company is an "associate
company" of Puerto Quetzal, 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 does not own any interest in Puerto Quetzal.
EXHIBIT A
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. The
certification is hereby incorporated by reference.
The undersigned company has duly caused this statement to be signed by the
undersigned thereunto duly authorized.
ENRON CORP.
By: /s/ REX R. ROGERS
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Name: Rex R. Rogers
Title: Vice President & Associate
General Counsel
September 28, 2000
