File No. _________________
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
TANGSHAN PANDA HEAT & POWER CO., LTD.
TANGSHAN PAN-WESTERN HEAT & POWER CO., LTD.
TANGSHAN CAYMAN HEAT & POWER CO., LTD.
TANGSHAN PAN-SINO HEAT CO., LTD.
(Name of Foreign Utility Companies)
Pan-Western Energy Corporation, LLC
4100 Spring Valley Road, Suite 1001
Dallas, Texas 75244
(Name of Filing Company)
The Commission is requested to mail copies of all correspondence relating
to this Notification to:
Pan-Western Energy Corporation, LLC
Attn: General Counsel
4100 Spring Valley Road, Suite 1001
Dallas, Texas 75244
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ITEM 1
Foreign utility status is claimed by Tangshan Panda Heat & Power Co., Ltd.,
Tangshan Pan-Western Heat & Power Co., Ltd., Tangshan Cayman Heat & Power Co.,
Ltd., and Tangshan Pan-Sino Heat Co., Ltd., located in Luannan County, Tangshan
Municipality, Hebei Province, People's Republic of China (the "Companies"),
Beijing Silver Tower, Suite 1612, No. 2 North Dong-san-huan Rd., Chao-yang
District, Beijing 100027 China.
Tangshan Panda Heat & Power Co., Ltd., Tangshan Pan-Western Heat & Power
Co., Ltd., Tangshan Cayman Heat & Power Co., Ltd., and Tangshan Pan-Sino Heat
Co., Ltd. are joint venture owners of a coal-fired cogeneration power plant,
which will go on line on or before May 1, 1999. Electric power generated by the
Luannan Facility will be interconnected to the Beijing-Tianjin-Tangshan Regional
Power Network (the "Jing-Jin-Tang Grid") serving the Beijing-Tianjin-Tangshan
region.
Pan-Western Energy Corporation, LLC ("Pan-Western") currently owns
approximately an eighty-eight percent (88%) equity interest in the Companies.
Luannan County Heat and Power Plant owns the approximately remaining twelve
percent (12%) equity interest in the Company Pan-Western, a Cayman Islands
company, is a ninety-nine percent (99%) owned subsidiary of Pan-Sino Energy
Development Company, LLC ("Pan-Sino"), a Cayman Islands company, that is one
hundred percent (100%) owned by Panda Global Energy Company ("PGEC"). Pursuant
to contractual rights, Pan-Sino intends to acquire the balance of the
outstanding equity interest in Pan-Sino such that Pan-Western will become a
wholly-owned subsidiary of PGEC.
ITEM 2
Tangshan Panda Heat & Power Co., Ltd., Tangshan Pan-Western Heat & Power
Co., Ltd., Tangshan Cayman Heat & Power Co., Ltd., and Tangshan Pan-Sino Heat
Co., Ltd. have no domestic associate public utility companies.
No state commission certification is required under Section 33(a)(2) of the
Act in connection with this transaction.
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<PAGE>
SIGNATURE
The undersigned company has duly caused this statement to be signed on
its behalf by the undersigned thereunto duly authorized.
By: /s/ L. STEPHEN RIZZIERI
Name: L. Stephen Rizzieri
Title: Senior Vice President - General Counsel
Pan-Western Energy Corporation, LLC
4100 Spring Valley Road, Suite 1001
Dallas, Texas 75244
972/980-7159
Dated: April 29, 1999
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