SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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
DISTRIBUIDORA DE ELECTRICIDAD DEL SUR S.A. DE C.V.
(Name of foreign utility company)
PP&L GLOBAL, INC.
(Name of filing company, if filed on behalf of
a foreign utility company)
Item 1:
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The name and address of the entity claiming foreign
utility company status is:
Distribuidora de Electricidad del Sur S.A. de C.V.
("DELSUR")
c/o CEL
9 Calle Pointe, No. 950
San Salvador, El Salvador
DELSUR distributes electricity to electricity users in
the Central-South region of El Salvador and, other than shares
that were sold to employees of the Company last year, is
currently owned by El Salvador's Comision Ejecutive
Hidroelectrica del Rio Lempa ("CEL"). DELSUR has approximately
185,000 customers, and has a distribution network comprising
3713.5 kilometers of distribution lines ranging from 120 volts to
46kV.
On January 20, 1998, CEL agreed to sell 75.47 percent
of the voting securities of DELSUR to Electricidad de
Centroamerica, S.A. de C.V. ("Centroamerica"), a wholly-owned
subsidiary of Empresa Emel S.A. ("Emel"). Prior to the closing
of the acquisition of 75.47 percent of the voting securities of
DELSUR, PP&L Global, Inc. ("PPLG"), through a to-be-formed
subsidiary, will acquire 50 percent of the voting securities of
Centroamerica from EMEL. Through Centroamerica, EMEL and PPLG
will thereafter jointly own the 75.47 percent voting securities
of DELSUR. The following persons will own five percent or more
of the voting securities of DELSUR:
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Person Type of Security
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PPLG Common Equity
Emel Common Equity
CEL Common Equity
Item 2:
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Each of PP&L, Inc. and Safe Harbor Water Power Corp.
(collectively, the "PP&L Operating Companies") is a public
utility company that is a subsidiary company of PP&L Resources,
Inc. and an associate company of PPLG. No portion of the
purchase price of DELSUR will be paid by the PP&L Operating
Companies.
EXHIBIT A
The state certification required under section 33(a)(2)
of the Public Utility Holding Company Act of 1935, as amended,
which was issued by the Pennsylvania Public Service Commission
(which regulates the retail rates of PP&L, Inc.) has been
previously filed with the Commission and is incorporated herein
by reference.
PPLG has duly caused this statement to be signed on its
behalf by the undersigned thereunto duly authorized.
/s/ J. W. Gottlieb
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Jonathan W. Gottlieb, Esq.
Reid & Priest LLP
701 Pennsylvania Avenue, N.W.
Suite 800
Washington, D.C. 20004
(202) 508-4341
Attorneys for, PP&L Global, Inc.
February 10, 1998
