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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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
Duke Guemes Operating Corp.
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(Name of foreign utility company)
DUKE POWER COMPANY
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(Name of filing company, if filed on behalf
of a foreign utility company)
The Commission is requested to mail copies of all communications to:
John Spuches
Richard Shutran
DEWEY BALLANTINE
1301 Avenue of the Americas
New York, NY 10019-6092
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Notification
Duke Power Company, a North Carolina corporation ("Duke"),
acting on behalf of Duke Guemes Operating Corp., a Delaware corporation
("Operating Corp."), herewith notifies the Securities and Exchange Commission
(the "Commission") that Operating Corp. proposes to become a foreign utility
company pursuant to Section 33(a) of the Public Utility Holding Company Act of
1935, as amended (the "Act"). Accordingly Duke claims foreign utility company
status for Operating Corp. under the Act.
ITEM 1
Name and Business Address:
Duke Guemes Operating Corp.
Corporation Trust Center
1209 Orange Street
Wilmington, Delaware 19801
Facilities:
Operating Corp. will assist Powerco Services S.A., an
Argentine corporation ("Powerco Services"), in operating the Guemes Power
Station in the Province of Salta, Argentina. The Guemes Power Station consists
of two 60 MW gas fired units and one 125 MW gas fired unit. Energy and
capacity are sold from the Guemes Power Station on a competitive spot market
basis and under term agreements in accordance with dispatch instructions from a
central dispatch center.
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Powerco Services will continue to be the qualified operator of
the Guemes Power Station and accordingly will retain its status as a foreign
utility company pursuant to the Act.
Ownership:
All of the outstanding voting stock of Operating Corp. is
owned by Duke Guemes, Inc., which is a wholly-owned subsidiary of Duke Energy
Group, Inc., a Delaware corporation, which is a wholly-owned subsidiary of
Church Street Capital Corp., a Delaware corporation, which in turn is a
wholly-owned subsidiary of Duke.
ITEM 2
Domestic Associate Public-Utility Companies of Operating Corp.
and their Relationship to Operating Corp.:
Duke and Nantahala Power & Light Co. ("Nantahala") are
domestic associate public-utility companies of Operating Corp., with Duke being
the holding company. Duke's relationship to Operating Corp. is that it
indirectly owns all of the capital stock of Operating Corp. through
wholly-owned subsidiaries. Nantahala is a wholly-owned public-utility
subsidiary of Duke. Nantahala will not be involved in any way in the
ownership, management, operation or maintenance of Operating Corp. or of the
Guemes Power Station.
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The addition of Operating Corp. as an operator of the Guemes
Power Station will not involve any payment of a purchase price by either of the
aforementioned domestic associate public-utility companies with respect to an
interest in Operating Corp.
Exhibit A: Documents Incorporated by Reference
(1) North Carolina Utilities Commission certification letter dated
January 25, 1993 (filed with the Commission on February 17,
1993).
(2) The Public Service Commission of South Carolina certification
letter dated January 13, 1993 (filed with the Commission on
February 17, 1993).
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SIGNATURE
The undersigned company has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly authorized.
DUKE POWER COMPANY
By: /s/ Steve C. Griffith, Jr.
Steve C. Griffith, Jr.
Vice Chairman
Date: September 30, 1994
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