(As filed August 16, 1999)
File No. 70-9323
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 3
to
APPLICATION-DECLARATION
on
FORM U-1/A
UNDER THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
-------------------------------------------
Alliant Energy Corporation
(formerly Interstate Energy Corporation)
Alliant Energy Resources,Inc.
222 West Washington Avenue
Madison, Wisconsin 53703
Heartland Properties, Inc.
122 West Washington Avenue, 6th Floor
Madison, Wisconsin 53703
------------------------------------------
(Names of companies filing this statement and
addresses of principal executive offices)
Alliant Energy Corporation
------------------------------------------
(Name of top registered holding company,
parent of each applicant or declarant)
Erroll B. Davis, Jr.
President and
Chief Executive Officer
Alliant Energy Corporation
222 West Washington Avenue
Madison, Wisconsin 53703
-------------------------------------------
(Name and address of agent for service)
<PAGE>
The Commission is requested to send copies of all notices, orders and
communications in connection with this Application-Declaration to:
Barbara J. Swan
General Counsel
Alliant Energy Corporation
222 West Washington Avenue
Madison, Wisconsin 53703
William T. Baker, Jr., Esq.
Mahendra Churaman, Esq.
Thelen Reid & Priest LLP
40 West 57th Street
New York, New York 10019
<PAGE>
Item 1 of the Application-Declaration filed in this proceeding, as
amended an restated by Amendment No. 2, dated July 20, 1999, is further amended
as follows:
1. The first paragraph under the heading "LOW INCOME HOUSING TAX
-------------------------
CREDIT PROPERTY INVESTMENTS," is amended and restated to read as follows:
- ---------------------------
"Alliant seeks authorization from the Commission for HPI to invest in
new LIHTC properties in the same manner in which it had most recently invested
in such properties: through the acquisition of limited partnership units in
limited partnerships that are organized specifically to invest in low-income,
multi-family housing projects throughout the Alliant service area. These limited
partnerships are designed to ensure that the properties qualify for LIHTCs and
remain in compliance under Section 42 of the Code. A separate limited
partnership would be established for each qualifying housing development. This
structure would allow for financing each project on a stand-alone basis, for
insulating each investment property from any liabilities that may occur in the
development of the other properties and for facilitating compliance with the
requirements of Section 42 of the Code. HPI would not serve as the developer of
these properties, but merely as an investor with due diligence oversight. These
investments would be consistent with Alliant's stated policy of not abandoning
the rural areas in its service territory in Iowa, Minnesota, Illinois and
Wisconsin. In addition, by obtaining the tax credits, Alliant would be able to
manage and lower its income tax expense."
2. The following material is added at the end of Item 1:
"PROPOSED FORM OF RULE 24 STATEMENT.
----------------------------------
Alliant proposes to file certificates pursuant to Rule 24 within 45
days after the end of each sixth-month period, commencing with the period ending
December 31, 1999, which shall include:
1. For the six-month period ending on June 30 or December 31, as
applicable, a balance sheet and statement of income for the twelve months then
ended;
2. The amount of revenues and any form of compensation received by
HPI during each sixth-month period ending on June 30 and December 31 from any
and all LIHTC property interests owned or controlled, directly or indirectly, by
HPI;
3. The name of each new LIHTC partnership and a copy of the
corresponding partnership agreement;
4. The amounts of any investments by HPI during the sixth-month
period in LIHTC properties, and the cumulative amount of all investments made by
HPI in accordance with the order issued in this proceeding;
-1-
<PAGE>
5. The cumulative number of all LIHTC properties in which HPI has
invested and a brief description of other investments of HPI as of the end of
the six-month period."
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, as amended, the undersigned companies have duly caused this
amendment to be signed on their behalf by the undersigned thereunto duly
authorized.
Date: August 16, 1999
Alliant Energy Corporation
By: /s/ Erroll B. Davis, Jr.
-------------------------------------------
Erroll B. Davis, Jr.
President and Chief Executive Officer
Alliant Energy Resources, Inc.
By: /s/ James E. Hoffman
-------------------------------------------
James E. Hoffman
President
Heartland Properties, Inc.
By: /s/ Ruth A. Domack
-------------------------------------------
Ruth A. Domack
President
-2-
