FIRSTENERGY CORP
U-1/A, EX-99, 2000-07-25
ELECTRIC SERVICES
Previous: FIRSTENERGY CORP, U-1/A, 2000-07-25
Next: FIRSTENERGY CORP, U-1/A, EX-99, 2000-07-25



                    PUBLIC UTILITY COMMISSION
                   Harrisburg, PA  17105-3265



                                         Public Meeting held
 July 13, 2000



 Commissioners Present:

      John M. Quain, Chairman
      Robert K. Bloom, Vice Chairman
      Nora Mead Brownell
      Aaron Wilson, Jr.
      Terrance J. Fitzpatrick



 Application of Pennsylvania Power Company for (1) a    Docket
 No.:
 Certificate of Public Convenience Authorizing the      A-
 110450F0016.
 Transfer of Certain Transmission Assets to American
 Transmission Systems, Inc., and (2) Approval
 of Certain Affiliated Interest Agreements Necessary
 to Effect the Transfer.



                            O R D E R

 BY THE COMMISSION:

           We adopt as our action the Recommended Decision of
 Administrative Law Judge James D. Porterfield dated May 31,
 2000; THEREFORE,

           IT IS ORDERED:

           1.   That the Application of Pennsylvania Power
 Company, at Docket No. A-00110450F0016, to transfer certain
 transmission assets and to obtain approval of certain
 affiliated interest agreements, both described in the
 Application, be and hereby is approved and granted, subject to
 the terms and conditions of the Joint Petition for Settlement.

           2.   That a Certificate of Public Convenience be
 issued to Pennsylvania Power Company giving effect to the
 Application, as approved, and authorizing the transfer of the
 described assets.






           3.   That as part of the grant and approval of the
 Application, the following identified affiliated interest
 agreements, attached to the Application, be and hereby are
 approved:  Attachment A (a bill of sale designed to convey
 title to the involved transmission assets), Attachment B (an
 operating agreement permitting and requiring American
 Transmission Systems, Inc., to operate the involved assets),
 Attachment C (a ground lease allowing American Transmission
 Systems, Inc., to use land and rights of way owned by
 Pennsylvania Power Company for a term of 50 years), and
 Attachment D (an interest-bearing promissory note [at 7.75
 percent per annum] given to Pennsylvania Power Company by
 American Transmission Systems, Inc., in the principal amount
 of $34 million).

           4.   That the Joint Petition for Settlement entered
 into between the Pennsylvania Power Company, Applicant, and
 the Office of Consumer Advocate, Protestant and Intervenor-the
 only parties to the proceeding-be and hereby is granted.

           5.   That the terms and conditions of the Joint
 Petition for Settlement be and hereby are approved and
 adopted.

           6.   That the application proceeding at Docket No. A-
 110450F0016 be terminated and the record marked "closed."




                                         BY THE COMMISSION,



                                         James J. McNulty
                                         Secretary



 (SEAL)

 ORDER ADOPTED:  July 13, 2000

 ORDER ENTERED:  July 14, 2000








© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission