SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
Form U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filing under Section 33(a) of the Public Utility
Holding Company Act of 1935, as amended (the "Act")
NEPC Consortium Power Ltd.
(Name of foreign utility company)
El Paso Energy International Company
1001 Louisiana Street
Houston, Texas 77002
(Name and address of filing company)
Communications regarding this Application should be
addressed to the following person:
Robert W. Baker
El Paso Energy International Company
1001 Louisiana Street
Houston, Texas 77002
Telephone: (713) 420-7021
Facsimile: (713) 420-2813
ITEM 1
State the name of the entity claiming foreign utility
company status, its business address, and a description
of the facilities used for the generation,
transmission, and distribution of electric energy for
sale or for the distribution at retail of natural or
manufactured gas. To the extent known, identify each
person that holds five percent or more of any class of
voting securities of the foreign utility company and
describe the amount and nature of the interest.
El Paso Energy International Company ("El Paso"),
acting on behalf of Hanwha Energy Co. Ltd., a limited
liability company organized under the laws of South Korea
("HEC"), hereby notifies the Commission, pursuant to Section
33(a) of the Act and Rule 57 thereunder, that NEPC is a
foreign utility company within the meaning of Section 33(a)
of the Act.
Name and Business Address
Hanwha Energy Co. Ltd.
#1 Changgyo-dong Chung-gu
Seoul, Korea
Description of Facilities
HEC owns an approximately 1,800 MW LNG fired
cogeneration facility located in Inchon, South Korea (the
"Facility"). The Facility will supply power to Korean
Electric Power Corporation ("KEPCO"), the state-owned
generation and transmission utility in Korea, pursuant to a
seventeen-year power purchase agreement. The Facility is
currently under construction and is expected to commence
full commercial operations in the next few months.
HEC derives no part of its income, directly or
indirectly, from the generation, transmission, or
distribution at retail of natural or manufactured gas for
heat, lights, or power, within the United States, and HEC is
not a public utility company operating in the United States.
Ownership
The ownership of HEC is as follows:
(a) El Paso Korea Holding Company Ltd. ("EP Holdco"),
a corporation organized and existing under the
laws of Korea, owns 50% of the issued and
outstanding shares of HEC. El Paso Asia (Labuan)
Limited ("EP Labuan"), a company organized and
existing under the laws of Labuan, owns 100% of EP
Holdco. EPED B Company, a company organized and
existing under the laws of the Cayman Islands,
owns 100% of 100% of EP Labuan. EPED B Company is
an indirect wholly-owned subsidiary of El Paso
Energy International Company, a company organized
under the laws of Delaware. El Paso Energy
International Company is an indirect wholly-owned
subsidiary of El Paso Energy Corporation, a
publicly listed company organized in Delaware.
Several of El Paso Energy Corporation's
subsidiaries, such as El Paso Natural Gas Company
and Tennessee Gas Pipeline Company, are subject to
regulation by the Federal Energy Regulatory
Commission as interstate pipelines in the United
States.
(b) Hanwha Corporation., a company organized under the
laws of the Korea, owns 50% of the issued and
outstanding shares of HEC. Hanwha is a closely
held Korean corporation.
ITEM 2
State the name of any domestic associate public utility
company and, if applicable, its holding company, and a
description of the relationship between the foreign
utility company and such company, and the purchase
price paid by any such domestic associate public
utility company for its interest in the foreign utility
company.
As noted above, El Paso Energy International Company is
an indirect subsidiary of El Paso Energy Corporation, which
owns El Paso Natural Gas Company and Tennessee Gas Pipeline
Company. Some of the assets of El Paso Natural Gas Company
and Tennessee Gas Pipeline Company are subject to regulation
by the Federal Energy Regulatory Commission. Neither El
Paso Natural Gas Company, Tennessee Gas Pipeline Company nor
any of their affiliates are subject to retail rate
regulation by any state utility commission. No portion of
the purchase price for HEC was paid by El Paso Natural Gas
Company or Tennessee Gas Pipeline Company.
EXHIBIT A
State certifications, as required under Section
33(a)(2) of the Act, have been received from the
following state commissions and are attached hereto.
None.
SIGNATURE
The undersigned company has duly caused this statement
to be signed on its behalf by the undersigned thereunto duly
authorized.
EL PASO ENERGY INTERNATIONAL COMPANY
By: /s/ Robert W. Baker
___________________________
Robert W. Baker
Vice President and Associate
General Counsel
Date: July 5, 2000