Post-Effective Amendment No. 1
to SEC File No. 70-8315
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-1
APPLICATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
GENERAL PUBLIC UTILITIES CORPORATION ("GPU")
100 Interpace Parkway
Parsippany, New Jersey 07054
ENERGY INITIATIVES, INC. ("EI")
One Upper Pond Road
Parsippany, New Jersey 07074
(Names of companies filing this statement and addresses
of principal executive offices)
GENERAL PUBLIC UTILITIES CORPORATION
(Name of top registered holding company parent of
applicants)
Don W. Myers, Vice President Douglas E. Davidson, Esq.
and Treasurer Berlack, Israels & Liberman
M. A. Nalewako, Secretary 120 West 45th Street
GPU Service Corporation New York, New York 10036
100 Interpace Parkway
Parsippany, New Jersey 07054
B. L. Levy, President
K. A. Tomblin, Secretary
Energy Initiatives, Inc.
One Upper Pond Road
Parsippany, New Jersey 07054
(Names and addresses of agents for service)
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GPU and EI hereby post-effectively amend their Application
on From U-1, docketed in SEC File No. 70-8135 (the
"Application"), as follows:
A. By Order dated February 7, 1994 (HCAR No. 35-25987)
(the "Order") in this docket, the Commission, among other things,
authorized GPU to make a capital contribution to EI of up to
$11.5 million to enable EI to acquire a limited partnership
interest in a Canadian limited partnership (the "Partnership")
formed to develop, construct, own and operate a cogeneration
facility with an expected gross power capacity of 29.6 megawatts
located in Brooklyn, Nova Scotia, Canada (the "Project"). On
January 26, 1994, the Federal Energy Regulatory Commission
("FERC") granted the Partnership status as an exempt wholesale
generator ("EWG"), as defined in Section 32 of the Act.
B. The Order contemplated that EI would acquire its
limited partnership interest in the Partnership through 2322117
Nova Scotia Limited (now known as EI Brooklyn Power Limited)
("Equity Sub"), a wholly owned subsidiary of 2322133 Nova Scotia
Limited ("Holding Sub"), which in turn is a wholly owned
subsidiary of EI. Each such subsidiary has filed a application
with the FERC seeking status as an EWG. The Order further
contemplated that wholly owned subsidiaries of Polsky Energy
Corporation ("PEC") would be a general partner and a limited
partner of the Partnership.
C. EI now anticipates that up to all of its partnership
interest in the Partnership may be in the form of a general
partnership interest in lieu of a limited partnership interest.
EI also anticipates that its equity interest in the Partnership
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may exceed the 25% interest referred to in the Order, provided,
however, that as stated in the Order EI and GPU would own 50% or
less of any voting securities issued by the Partnership.
D. EI may acquire its general partnership interest in the
Partnership either directly or indirectly through Holding Sub or
Equity Sub.
E. Except as set forth in paragraphs C and D hereof, the
transactions remain as described in the Application.
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935, THE UNDERSIGNED COMPANIES HAVE DULY
CAUSED THIS STATEMENT TO BE SIGNED ON THEIR BEHALF BY THE UNDER-
SIGNED THEREUNTO DULY AUTHORIZED.
GENERAL PUBLIC UTILITIES CORPORATION
By:
_______________________________
Don W. Myers
Vice President and Treasurer
ENERGY INITIATIVES, INC.
By:______________________________
B. L. Levy, President
Date: March 3, 1994
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