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
Sociedad Electrica Santiago, S.A.
Duke Energia de Chile, Ltda.
Duke Blue Water, Limited
(Name of foreign utility company)
DUKE ENERGY CORPORATION
(Name of filing company, if filed on behalf
of a foreign utility company)
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Notification
Duke Energy Corporation, a North Carolina corporation ("Duke
Energy"), acting on behalf of Sociedad Electrica Santiago, S.A., a Chilean
corporation ("ESSA"), Duke Energia de Chile, Ltda., a Chilean limited liability
company limited partnership ("DECH"), and Duke Blue Water, Limited, a Cayman
Islands corporation ("Blue Water"), herewith files with the Securities and
Exchange Commission (the "Commission") this Notification of Foreign Utility
Company Status pursuant to Section 33(a) of the Public Utility Holding Company
Act of 1935, as amended (the "Act").
ITEM 1
Names and Business Addresses:
The names and business addresses of the entities
claiming foreign utility company status are:
Sociedad Electrica Santiago, S.A.
Miraflores 222. Piso 4
Santiago, Chile
Duke Energia de Chile, Ltda.
c/o Duke Energy Group, Inc.
400 South Tryon Street
Suite 1800
Charlotte, NC 28285
Duke Blue Water, Limited
P.O. Box 309
Ugland House
South Church Street
Grand Cayman
Cayman Islands, British West Indies
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Facility:
The facility (Nueva Renca) is owned by ESSA and consists of a
single unit 370 megawatt combined-cycle natural gas facility located in
Santiago, Chile, known as the Nueva Renca plant. ESSA sells power from the Nueva
Renca plant to the grid and through customer contracts.
Ownership:
Twenty-four percent (24%) of the outstanding voting stock of
ESSA is owned by DECH, which is a wholly owned subsidiary of Blue Water, which
is a wholly owned subsidiary of Duke Energy Group, Inc., a Delaware corporation,
which is a wholly owned subsidiary of Duke Energy Global Asset Development,
Inc., a Nevada corporation, which is a wholly owned subsidiary of Duke Energy
Services, Inc., a Delaware corporation ("DESI"). DESI is a wholly owned
subsidiary of PanEnergy Corp, which is a wholly-owned subsidiary of Duke Capital
Corporation, a Delaware corporation, which, in turn, is a wholly owned
subsidiary of Duke Energy.
The other entities owning 5% or more of any class of the
voting securities of ESSA are: Chilgener S.A., a Chilean company (51%), NOVA
Corporation, a Canadian corporation (15%), and Compania General de Electricidad
S.A., a Chilean company (10%).
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ITEM 2
Domestic Associate Public-Utility Companies of
ESSA, DECH and Blue Water and their Relationship to Such
Entities:
Duke Energy and Nantahala Power and Light Company
("Nantahala") are domestic associate public-utility companies of ESSA, DECH and
Blue Water, with Duke Energy being the parent holding company. Duke Energy's
relationship to each of ESSA, DECH and Blue Water is that it indirectly owns
24%, 100% and 100%, respectively, of such entities. Nantahala is a wholly owned
public-utility subsidiary of Duke Energy. Nantahala will not be involved in any
way in the ownership, management, operation or maintenance of the Nueva Renca
plant.
The purchase price of DECH's interest in ESSA is $21.8
million.
Exhibit A: Documents Incorporated by Reference
(1) North Carolina Utilities Commission certification letter dated
June 23, 1997 (filed with the Commission on July 15, 1998).
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(2) The Public Service Commission of South Carolina certification
letter dated June 5, 1997 (filed with the Commission on July
15, 1998).
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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 ENERGY CORPORATION
By: Richard J. Osborne
Executive Vice President and
Chief Financial Officer
Date: July 15, 1998
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