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OMB Number: 3235-0161
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-3A-2
File No. _________
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2
THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
To Be Filed Annually Prior to March 1
HH-SU INVESTMENTS L.L.C.
------------------------
(Name of Company)
hereby files with the Securities Exchange Commission, pursuant to Rule 2, its
statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, State of organization, location and nature of business of
claimant and every subsidiary thereof, other than any exempt wholesale generator
(EWG) or foreign utility company in which claimant directly or indirectly holds
an interest.
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
NAME AND LOCATION STATE OF NATURE OF BUSINESS
ORGANIZATION
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
HH-SU Investments L.L.C. Texas HH-SU Investments L.L.C. is a Texas
Fountain Place, 1445 Ross at Field limited liability company engaged in
Dallas, Texas 75202-2785. investment activities. It is the general
partner of, and owns 1% of the equity
in, SU Investment Partners, L.P.
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------
SU Investment Partners, L.P. Texas SU Investment Partners, L.P. is a
Fountain Place, 1445 Ross at Field Texas limited partnership. It is in the
Dallas, Texas 75202-2785. business of owning Shary Holdings
LLC and of holding a 99% limited partnership
interest in Sharyland Utilities, L.P., a Texas
certificated retail electric utility.
- ---------------------------------------------------------------------------------------------------------------------
Shary Holdings LLC Texas Shary Holdings LLC is a Texas limited
Fountain Place, 1445 Ross at Field liability corporation. Shary Holdings
Dallas, Texas 75202-2785. is the general partner of, and owns 1%
of the equity in, Sharyland Utilities,
L.P., a Texas certificated retail electric
utility.
- ---------------------------------------------------------------------------------------------------------------------
Sharyland Utilities, L.P. Texas Sharyland Utilities, L.P. is a Texas
4403 West Military Hwy. limited partnership. Sharyland
Suite 712 Utilities, L.P. is a newly-certificated
McAllen, Texas 78503. Texas retail electric utility. When it
commences operations (expected
February 15, 2000), it will provide
retail electric distribution and
transmission service in a roughly 6000-
acre service territory in the Lower Rio
Grande Valley in Texas. Currently,
Sharyland Utilities, L.P. does not
provide retail electric service, but is in
the process of constructing its
distribution system.
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
2. A brief description of the properties of claimant and each of its
subsidiary public utility companies used for the generation, transmission, and
distribution of electric energy for sale, or for the production, transmission,
and distribution of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution facilities, including
all such properties which are outside the State in which claimant and its
subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
HH-SU Investments L.L.C.: Claimant owns no properties used for the
generation, transmission, and distribution of electric energy for sale, or
for the production, transmission, and distribution of natural or
manufactured gas.
<PAGE> 3
Sharyland Utilities, L.P.: Sharyland Utilities, L.P. owns properties used
for the distribution of electricity, including 0 miles of transmission and
2 of distribution lines (all within an approximately 6,000-acre service
territory in The Lower Rio Grande Valley in Texas), 1 substation under
construction, easements, and other equipment (including computers, office
equipment, etc.) and property necessary for its electric distribution
system, which currently is under construction. When operational, Sharyland
Utilities, L.P.'s distribution system will be interconnected with the
Electric Reliability Council of Texas ("ERCOT") transmission grid.
Sharyland Utilities, L.P. does not own any generation plants or gas
manufacturing or distribution facilities. All of Sharyland Utilities,
L.P.'s electric distribution properties are within the State of Texas.
Sharyland Utilities, L.P. does not own any transmission or pipeline
properties which deliver or receive electric energy or gas at the border
of Texas.
3. The following information for the last calendar year with respect to
claimant and each of its subsidiary public utility companies;
(a) Number of kwh. of electric energy sold (at retail or
wholesale), and Mcf. of natural or manufactured gas distributed at retail.
Neither claimant nor Sharyland Utilities, L.P. sold any electric
energy or any natural or manufactured gas in 1999.
(b) Number of kwh. of electric energy and Mcf. of natural or
manufactured gas distributed at retail outside the State in which each such
company is organized.
Neither claimant nor Sharyland Utilities, L.P. sold any electric
energy or any natural or manufactured gas in 1999.
(c) Number of kwh. of electric energy and Mcf. of natural or
manufactured gas sold at wholesale outside the State in which each such company
is organized or at the State line.
Neither claimant nor Sharyland Utilities, L.P. sold any electric
energy or any natural or manufactured gas in 1999.
(d) Number of kwh. of electric energy and Mcf. of natural or
manufactured gas purchased outside the State in which each such company is
organized or at the State line.
Neither claimant nor Sharyland Utilities, L.P. sold any electric
energy or any natural or manufactured gas in 1999.
4. The following information for the reporting period with respect to
claimant and each interest it holds directly or indirectly in an EWG or a
foreign utility company, stating monetary amounts in United States dollars;
<PAGE> 4
(a) Name, location, business address and description of the facilities
used by EWG or foreign utility company for the generation, transmission and
distribution of electric energy for sale or for the distribution at retail of
natural or manufactured gas.
HH-SU Investments L.L.C. holds no interest, directly or indirectly,
in an EWG or foreign utility company.
(b) Name of each system company that holds an interest in such EWG or
foreign utility company; and description of the interest held.
Neither HH-SU Investments L.L.C. nor any system company hold any
interest, directly or indirectly, in an EWG or foreign utility
company.
(c) Type and amount of capital invested, directly or indirectly, by
the holding company claiming exemption; any direct or indirect guarantee of the
security of the EWG or foreign utility company by the holding company claiming
exemption; and any debt or other financial obligation for which there is
recourse, directly or indirectly, to the holding company claiming exemption or
another system company, other than the EWG or foreign utility company.
HH-SU Investments L.L.C. holds no interest, directly or indirectly,
in an EWG or foreign utility company.
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.
HH-SU Investments L.L.C. holds no interest, directly or indirectly,
in an EWG or foreign utility company.
(e) Identify any service, sales or construction contract(s) between
the EWG of foreign utility company and a system company, and describe the
services to be rendered or goods sold and fees or revenues under such
agreement(s).
Neither HH-SU Investments L.L.C. nor any system company hold any
interest, directly or indirectly, in an EWG or foreign utility
company.
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year, together with a consolidating
balance sheet of claimant and its subsidiary companies as of the close of such
calendar year.
See Exhibit A.
The above-named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on this 7th day of February, 2000.
<PAGE> 5
HH-SU Investments L.L.C.
------------------------
(Name of claimant)
By /s/ Michael T. Bierman
--------------------------
Michael T. Bierman
Vice President
CORPORATE SEAL
Attest:
By /s/ Michael T. Bierman
--------------------------
Michael T. Bierman
Vice President
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Michael T. Bierman
Vice President
HH-SU Investments L.L.C.
Fountain Place
1445 Ross at Field
Dallas, Texas 75202-2785
EXHIBIT B FINANCIAL DATA SCHEDULE
If, at the time a report on this form is filed, the registrant is required
to submit this report and any amendments thereto electronically via EDGAR, the
registrant shall furnish a Financial Data Schedule. The Schedule shall set forth
the financial and other data specified below that are applicable to the
registrant on a consolidated basis.
Item No. Capital Heading
1 Total Assets
2 Total Operating Revenues
3 Net Income
See Exhibit B (Exhibit 27).
EXHIBIT C
An organizational chart showing the relationship of each EWG or foreign
utility company to associate companies in the holding-company system.
<PAGE> 6
Neither HH-SU Investments L.L.C. nor any associate company hold any
interest, directly or indirectly, in an EWG or foreign utility company.
<PAGE> 7
EXHIBIT A
<PAGE> 8
HH-SU INVESTMENTS, L.L.C.
CONSOLIDATING BALANCE SHEET AND STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 1999
(IN U.S. DOLLARS)(unaudited)
EXHIBIT A
<TABLE>
<CAPTION>
SHARY HOLDINGS SU INVESTMENTS, SHARYLAND HH-SU
LLC, G.P. PARTNERS, L.P. UTILITIES, L.P. INVESTMENTS, L.L.C.
12/31/99 12/31/99 12/31/1999 12/31/1999
-------- -------- ---------- ----------
ASSETS
---------------
<S> <C> <C> <C> <C>
CURRENT ASSETS:
CASH $ $ 3,000 $ 149,500 $ 30
CASH EQUIVALENTS 6,170,000
PREPAYMENTS AND RECEIVABLES 3,263
----------- --------------- ---------------- ---------
TOTAL CURRENT ASSETS - 3,000 6,322,763 30
PROPERTY, PLANT AND EQUIPMENT:
TRANSMISSION EQUIPMENT 313,752
DISTRIBUTION EQUIPMENT 228,716
OFFICE FURNITURE & EQUIPMENT 13,777
TRANSPORTATION EQUIPMENT - - 30,288
----------- --------------- ---------------- ---------
TOTAL PROPERTY, PLANT AND EQUIPMENT - - 586,533
LESS : ACCUMULATED DEPRECIATION 1,307
----------- --------------- ---------------- ---------
NET PROPERTY, PLANT AND EQUIPMENT - - 585,226
INVESTMENTS IN LIMITED PARTNERSHIP 67,708 6,703,107 313
OTHER REGULATORY ASSETS 3,781,332
----------- --------------- ---------------- ---------
TOTAL OTHER ASSETS 67,708 6,703,107 3,781,332 313
TOTAL ASSETS $ 67,708 $ 6,706,107 $ 10,689,321 $ 343
=========== =============== ================ =========
LIABILITIES AND PARTNERS' CAPITAL
-------------------------------------
CURRENT LIABILITIES:
ACCOUNTS PAYABLE (1) $ 67,425 $ 6,675,048 $ 3,918,506 $ -
----------- --------------- ---------------- ---------
TOTAL CURRENT LIABILITIES 67,425 6,675,048 3,918,506 -
MINORITY INTEREST IN LIMITED PARTNERSHIP - - - -
PARTNERS' CAPITAL 283 31,059 6,770,815 343
----------- --------------- ---------------- ---------
TOTAL PARTNERS' CAPITAL 283 31,059 6,770,815 343
----------- --------------- ---------------- ---------
TOTAL LIABILITIES AND PARTNERS' CAPITAL $ 67,708 $ 6,706,107 $ 10,689,321 $ 343
=========== =============== ================ =========
STATEMENT OF INCOME
-------------------------
INVESTMENT INCOME (EXPENSE)
INTEREST INCOME (EXPENSE) $ $ $ 33,408 $
DIVIDEND INCOME 138,714
----------- --------------- ---------------- ----------
TOTAL INVESTMENT INCOME - - 172,122 -
DEPRECIATION EXPENSE 1,307
----------- --------------- ---------------- ----------
NET EARNINGS $ - $ - $ 170,815 $ -
=========== =============== ================ ==========
</TABLE>
<TABLE>
<CAPTION>
HH-SU
ELIMINATING INVESTMENTS, L.L.C.
ENTRIES CONSOLIDATED
TOTAL 12/31/99 12/31/1999
----- -------- ----------
ASSETS
---------------
<S> <C> <C> <C>
CURRENT ASSETS:
CASH $ 152,530 $ $ 152,530
CASH EQUIVALENTS 6,170,000 6,170,000
PREPAYMENTS AND RECEIVABLES 3,263 - 3,263
------------------ -------------------- ---------------------
TOTAL CURRENT ASSETS 6,325,793 - 6,325,793
PROPERTY, PLANT AND EQUIPMENT:
TRANSMISSION EQUIPMENT 313,752 313,752
DISTRIBUTION EQUIPMENT 228,716 228,716
OFFICE FURNITURE & EQUIPMENT 13,777 13,777
TRANSPORTATION EQUIPMENT 30,288 - 30,288
------------------ -------------------- ---------------------
TOTAL PROPERTY, PLANT AND EQUIPMENT 586,533 - 586,533
LESS : ACCUMULATED DEPRECIATION 1,307 - 1,307
------------------ -------------------- ---------------------
NET PROPERTY, PLANT AND EQUIPMENT 585,226 - 585,226
INVESTMENTS IN LIMITED PARTNERSHIP 6,771,128 (6,771,128) -
OTHER REGULATORY ASSETS 3,781,332 3,781,332
------------------ -------------------- ---------------------
TOTAL OTHER ASSETS 10,552,460 (6,771,128) 3,781,332
TOTAL ASSETS $ 17,463,479 $ (6,771,128) $ 10,692,351
================== ==================== =====================
LIABILITIES AND PARTNERS' CAPITAL
-------------------------------------
CURRENT LIABILITIES:
ACCOUNTS PAYABLE (1) $ 10,660,979 $ - $ 10,660,979
------------------ -------------------- ---------------------
TOTAL CURRENT LIABILITIES 10,660,979 - 10,660,979
MINORITY INTEREST IN LIMITED PARTNERSHIP - 31,029 31,029
PARTNERS' CAPITAL 6,802,500 (6,802,157) 343
------------------ -------------------- ---------------------
TOTAL PARTNERS' CAPITAL 6,802,500 (6,802,157) 343
------------------ -------------------- ---------------------
TOTAL LIABILITIES AND PARTNERS' CAPITAL $ 17,463,479 $ (6,771,128) $ 10,692,351
================== ==================== =====================
STATEMENT OF INCOME
-------------------------
INVESTMENT INCOME (EXPENSE)
INTEREST INCOME (EXPENSE) $ 33,408 $ $ 33,408
DIVIDEND INCOME 138,714 138,714
------------------ -------------------- ---------------------
TOTAL INVESTMENT INCOME 172,122 - 172,122
DEPRECIATION EXPENSE 1,307 1,307
------------------ -------------------- ---------------------
NET EARNINGS $ 170,815 $ - $ 170,815
================== ==================== =====================
</TABLE>
(1) SUBSEQUENT EVENT
Accounts Payable at December 31, 1999 represents amounts owed to the
predecessor owners of Sharyland Utilities, L.P. These amounts were settled
in the normal course of business during January 2000.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
Financial information contained herein is unaudited.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 10,692,351
<TOTAL-OPERATING-REVENUES> 0
<NET-INCOME> 170,815
</TABLE>
