COLUMBIA GAS SYSTEM INC
U-1/A, 1994-12-09
NATURAL GAS TRANSMISISON & DISTRIBUTION
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                                                            File No. 70-8235

                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                          Amendment No. 11 to Form U-1

                         JOINT APPLICATION-DECLARATION
                                     UNDER
                 THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

                         THE COLUMBIA GAS SYSTEM, INC.
                          TRISTAR VENTURES CORPORATION
                     TRISTAR BINGHAMTON GENERAL CORPORATION
                     TRISTAR BINGHAMTON LIMITED CORPORATION
                         TRISTAR FUEL CELLS CORPORATION
                     TRISTAR GEORGETOWN GENERAL CORPORATION
                     TRISTAR GEORGETOWN LIMITED CORPORATION
                      TRISTAR PEDRICK GENERAL CORPORATION
                      TRISTAR PEDRICK LIMITED CORPORATION
                      TRISTAR RUMFORD LIMITED CORPORATION
                      TRISTAR VINELAND GENERAL CORPORATION
                      TRISTAR VINELAND LIMITED CORPORATION
                              TVC NINE CORPORATION
                              TVC TEN CORPORATION
                               20 Montchanin Road
                             Wilmington, DE  19807
       -----------------------------------------------------------------
              (Names of company or companies filing this statement
                 and addresses of principal executive offices)

                         THE COLUMBIA GAS SYSTEM, INC.
       -----------------------------------------------------------------
                 (Name of top registered holding company parent
                        of each applicant or declarant)

                            L. J. Bainter, Treasurer
                         THE COLUMBIA GAS SYSTEM, INC.
                               20 Montchanin Road
                             Wilmington, DE  19807
       -----------------------------------------------------------------
                    (Name and address of agent for service)
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PAGE 2


         The Application-Declaration previously filed and amended is hereby

further amended including the exhibit referenced herein:


Item 6.  Exhibits and Financial Statements.

         (a) Exhibits

                 F-2      Opinion of Counsel
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PAGE 3


                                   SIGNATURE

                 Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused this
Declaration to be signed on their behalf by the undersigned thereunto duly
authorized.

                 The signature of the applicants and of the persons signing on
their behalf are restricted to the information contained in this application
which is pertinent to the application of the respective companies.

                                        THE COLUMBIA GAS SYSTEM, INC.



Dated:  December 9, 1994                By:   /s/ L. J. BAINTER
                                            -------------------------------
                                                  L. J. Bainter
                                                  Treasurer

                                          TRISTAR VENTURES CORPORATION
                                          TRISTAR BINGHAMTON GENERAL
                                               CORPORATION
                                          TRISTAR BINGHAMTON LIMITED
                                               CORPORATION
                                          TRISTAR FUEL CELLS CORPORATION
                                          TRISTAR GEORGETOWN GENERAL
                                               CORPORATION
                                          TRISTAR GEORGETOWN LIMITED
                                               CORPORATION
                                          TRISTAR PEDRICK GENERAL CORPORATION
                                          TRISTAR PEDRICK LIMITED CORPORATION
                                          TRISTAR RUMFORD LIMITED CORPORATION
                                          TRISTAR VINELAND GENERAL
                                               CORPORATION
                                          TRISTAR VINELAND LIMITED
                                               CORPORATION
                                          TVC NINE CORPORATION
                                          TVC TEN CORPORATION
                                          20 Montchanin Road
                                          Wilmington, DE  19807



Dated:  December 9, 1994                By:   /s/ D. P. DETAR
                                            -------------------------------
                                                  D. P. Detar
                                                  Treasurer
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PAGE 1

EXHIBIT INDEX

         (a)     Exhibits

                 F-2      Opinion of Counsel

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PAGE 2

                                                                     Exhibit F-2


                                          December 9, 1994





U.S. Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C.  20549

Ladies and Gentlemen:

     Re:      TriStar Ventures Corporation
              File No. 70-8235            

              As Counsel for TriStar Ventures Corporation ("TVC") and its
wholly-owned subsidiaries ("TriStar Subsidiaries"), a Delaware corporation, and
subsidiaries of The Columbia Gas System, Inc., a Delaware corporation and
holding company registered under the Public Utility Holding Company Act of 1935
(the "Act"), and at their request, I deliver to you this opinion for filing as
Exhibit F-2 to the Joint Application-Declaration, as previously amended by
Amendment Nos. 1-6, and as amended by post-effective Amendment Nos. 7-10, and
11, filed simultaneously herewith (hereinafter referred to as the "Application"
and the post-effective amendments referred to as the "Post-Effective
Amendments").

              The Post-Effective Amendments relate to:

     1)       the investment by TVC through December 31, 1997 of up to $34.1
              million in self-generated funds (the "Self-Generated Funds") in
              preliminary development through the issuance by the subsidiaries,
              and their purchase thereof by TVC, of their common stock at or
              above par value, installment promissory notes, and/or the making
              of short-term advances and capital contributions;

     2)       through December 31, 1997, for the recapitalization of certain
              TriStar Subsidiaries from time to time through the payment of
              dividends out of unearned surplus in an aggregate amount not to
              exceed: TriStar Binghamton General Corporation - $1.2 million;
              TriStar Binghamton Limited Corporation - $2.8 million; TriStar
              Vineland General Corporation - $350,000; and TriStar Vineland
              Limited Corporation - $3.15 million;

     3)       for the direct or indirect acquisition and holding of securities
              or an interest in the
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PAGE 3

              business of one or more foreign utility companies ("FUCO's")
              and/or intermediary subsidiaries ("Project Parents") engaged in
              FUCO and/or combination EWG/FUCO activities through the
              investment of all or a portion of the Self-Generated Funds
              through December 31, 1997;

     4)       the provision of fuel management, operations and maintenance, and
              related services to nonaffiliates at negotiated rates; and

     5)       through December 31, 1996, the cancellation of debt issued to TVC
              by certain TriStar Subsidiaries in amounts not to exceed the
              following: TriStar Georgetown General Corporation - $125,000;
              TriStar Georgetown Limited Corporation - $6,200,000; and TriStar
              Fuel Cells Corporation - $900,000.

              The above items 1 through 5, as are more fully described in the
Post-Effective Amendments, are hereinafter referred to as the "Proposed
Transactions."

              In connection with the above, I have examined:

     (i)      the Application and Post-Effective Amendments;

     (ii)     copies of the Certificates of Incorporation of TVC and the
              TriStar Subsidiaries; and

    (iii)     such other documents, records and matters of law as I deemed
              necessary to enable me to render this Opinion.

              Based upon the foregoing and relying thereupon, I am of the
opinion that, assuming (i) the Proposed Transactions are consummated by
appropriate corporate action in accordance with the Post-Effective Amendments;
and (ii) all taxes and government charges in connection with such transactions
are paid:

     (a)      all state laws applicable to the Proposed Transactions will have
              been complied with;

     (b)      the common stock to be issued by the TriStar Ventures and the
              Project Parents will be fully paid, non-assessable, and TVC as
              the holder thereof will be entitled to the rights and privileges
              appertaining thereto as set forth in the charter of the issuing
              company;





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     (c)      the notes to be issued by the TriStar Subsidiaries, as part of
              the Proposed Transactions, will be valid and binding obligations
              of such companies in accordance with the terms of said notes, and
              TVC will have legally acquired such notes; and

     (d)      the consummation of the Proposed Transactions will not violate
              the legal rights of the holders of any securities issued by TVC,
              the TriStar Subsidiaries, the Project Parents, or any associate
              company thereof.

              I hereby consent to the filing of this opinion as an Exhibit to
the Application.

                                            Very truly yours,



                                               /s/  T. S. Bindra, Esq.   
                                            -------------------------------

                                            Tejinder S. Bindra, Esquire
                                            Associate General Counsel &
                                               Assistant Secretary
                                            Columbia Gas System Service
                                               Corporation




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