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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date
of Report (Date of earliest event reported) August 2, 1996
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NEVADA ENERGY COMPANY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-14873 84-0897771
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
401 East Fourth Street, Reno, NV 89512
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 786-7979
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(Former name or former address, if changed since last report.)
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NEVADA ENERGY COMPANY, INC.
INDEX
ITEM NUMBER AND CAPTION PAGE NUMBER
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Item 5. Other Events............................................. 1
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ITEM 5. OTHER EVENTS
The Company recently announced the formation of two new wholly owned
subsidiaries with the objective of organizing the Company strategically for
planned growth through acquisitions. Newly formed San Jacinto Energy
Corporation ("SJEC") was formed to control all applicable shareholdings, debt
instruments, partnership interests and renewable power generating assets of
the Company. Central Communications Corporation ("CCC") was formed to pursue
mergers and acquisitions of telecommunications companies and businesses
operating in related sectors. The resulting organizational structure of the
Company will be as follows:
NEC (1)
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SJEC (2) CCC (10)
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--SJPC (3) --TTI (11)
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--YAC (4)
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--CEC (5)
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| --HPSS (6)
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| --OPP (7)
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--NEP I, LP (8)
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--NGPP, LP (9)
LEGEND:
(1) NEC - Nevada Energy Company, Inc. (Parent company) Delaware
corporation, publicly owned, NASDAQ listed
(2) SJEC - San Jacinto Energy Corporation
Nevada corporation, wholly owned by NEC
(3) SJPC - San Jacinto Power Company, Inc.
Nevada corporation
Majority owned subsidiary, 50.01% by NEC
Minority owner or 49.99% is NASDAQ listed The
New World Power Company, company currently in
process of acquiring minority interest.
(4) YAC - Yerington Acquisition Company
Nevada corporation
Wholly owned subsidiary, holds Ormat power
generating equipment, pending acquisition of
TADS Geothermal's Nevada geothermal power
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plants and long-term power sales agreement
with Sierra Pacific Power.
(5) CEC - Combustion Energy Company, Inc.
Nevada corporation
Wholly owned subsidiary
(6) HPBS - Herth Printing and Business Supply, Inc.
Nevada corporation
Wholly owned subsidiary printing and business
supplies operates from current Company headquarters
building in Reno, NV
(7) OPP - Oreana Power Partners, Limited Partnership
Nevada limited partnership
Owned 49% CEC as general partner, 1% NEC as limited
partner, 49% Energy Development Associates
(non-affiliated Nevada corporation) as general partner
and 1% Geothermal Development Associates (non-affiliated
private Nevada corporation) limited partner. Formed to
propose a gas fired power project, currently inactive.
(8) NEP I, LP - Nevada Energy Partners, I, Limited Partnership
Nevada limited partnership owned 60% by the Company and
40% by Nevada Electric Power Company (a Nevada Sub-S
corporation 100% owned by Jeffrey Antisdel, company
president). NEP owns 100% of NEC Class B common
shares and 31.66% of NGPP.
(9) NGPP - Nevada Geothermal Power Partners, Limited
Nevada limited partnership, owned 31.66% by NEP, 31.66%
by Hot Springs Power, 31.66% by ???? and the balance by
various limited partners. In liquidation after sale of
primary asset, 50% interest in Brady Power Project in
May 1995.
(10) CCC - Central Communications Corporation
Nevada corporation, wholly owned the Company
(11) TTI - Telecom Technologies, Inc.
Oregon corporation, wholly owned by CCC
Operates long distance resale business servicing 20
retail long distance communications centers known as
"Casetas Telefonicas" providing long-distance service
to migrant worker communities.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NEVADA ENERGY COMPANY, INC.
/s/ Jeffrey E. Antisdel
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Jeffrey E. Antisdel, President
Date August 7, 1996
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